What is Bag Holder?A bag holder is a term used to refer to investors or individuals who are stuck with something that is completely worthless or almost worthless. Such a person is said to be left “h...
The Lagos State Government and the African Export-Import Bank (Afreximbank), in collaboration with Access Holding Plc, signed a contract worth $1.35 billion on Monday to boost infrastructure and food ...
Principal Financial Group, Inc. is a financial firm that offers financial services and products to individuals, businesses, and institutional clients. The company specializes in retirement insurance, ...
Unity Bank Plc recently announced plans to strengthen its digital banking services despite the bank report for Q3 that ended September 2023 showing how the bank recorded a loss of N47.917bn.The unaudi...
Merck, the giant pharmaceutical company, has officially announced plans to Spin-off a bunch of their products, totaling 6.5 billion in dollars. The announced products consist of, but not limited...
What is the definition of a Balance Sheet?DefinitionThe balance sheet is a financial statement that reports a company’s total assets and how these assets are financed either through debt or equity p...
President Bola Tinubu has put a stop to the implementation of the increase in electricity tariffs and has insisted that subsidy will be paid on power nationwide, The Minister of Power, Adebayo Adelabu...
Nigerian leading fintech firm Flutterwave recently announced that it has obtained an International Money Transfer Operator (IMTO) licence from the Reserve Bank of Malawi to further assist its internat...
The Federal Government, in partnership with the Niger Delta Power Holding Company, has signed a Power Purchase Agreement with utility companies to distribute a total of about 250 MW across the federat...
What is a Balanced Fund?DefinitionA balanced fund, also known as asset allocation fund, is commonly classified by its equal asset allocation in a single portfolio. It is a mutual fund that compri...