Proprietary (or prop) trading is a high-risk form of trading where instead of acting on clients orders and receiving commission payments, the trader assumes his own position with the capital of the fi...
Oando Plc recently signed a deal worth $800 million in partnership with the African Export and Import Bank (Afreximbank) at the ongoing Intra-African Trade Fair that took place in Cairo, Egypt.In a tw...
Nestle Nigeria recently released its foreign exchange for the first nine months of 2023, and it shows that the firm recorded a loss of N127.46 billion, far from the corresponding year that settled at ...
Airtel Nigeria has announced that it has built over 200 new sites to boost services running on the fifth-generation (5G) technology.The telecom operator said it is already offering services in Lagos, ...
With the development and advancement of computers and technology, there have been more and more people with mathematical and theoretical degrees (engineering, programming, mathematics, physics etc.) h...
Quantitative Easing is the name given to government policy to increase the money supply by injecting liquidity into the economy. This is done by buying government assets back from the market.The reaso...
Restructuring typically favors debt and bond holders. "Typically" is used here because in some extraordinary circumstances, such as the auto bailouts of a few years ago, the government may interv...
FCMB Group Plc recently announced a 108% year-on-year (YoY) growth in profit before tax (PBT), which accounted for N55.1 billion for the first nine months, which ended September 30, 2023, when compare...
Nigeria and Angola, the two largest crude oil producers, have opposed the reduction in their crude oil production quotas by the Organization of Petroleum Exporting Countries (OPEC).According to delega...
Earlier this month, it was reported by the Financial Services Commission on Sunday, November 5, that South Korea will issue a stop to stock short-selling starting from Monday, November 6, until June 2...