Recently, the CBN announced that it was working alongside commercial banks in Nigeria to clear the $10 billion foreign exchange backlog within the space of 2 weeks.This announcement was made on Tuesda...
The African Petroleum Producers Organisation (APPO) recently announced that it has decided to give funding of five billion dollars to the development of an African Energy Bank (AEB) to develop all oil...
A 'bear' is any investor or firm which believes that the financial markets (or any asset within them) is going to fall in value. They are typically seen as the pessimists of the financial world.In the...
The naira on Thursday depreciated to its worst ever since the negative trend began. At the parallel market, it reads 1,050/$ due to the shifting of the CBN Monetary Policy Committee meeting.On Wednesd...
On Monday, September 25, the Nigerian National Petroleum Company Limited (NNPC) and the Nigerian Content Development and Monitoring Board (NCDMB) signed a Memorandum of Understanding (MoU) with the in...
One of Africa's leading genomics startups, 54Gene, co-founded by Abasi Ene-Obong is wrapping up its operation. Before the firm started its full-time operation, it underwent three funding rounds in whi...
A bond is a financial product that allows an investor to lend money to a company or government. The company or government issues a bond that is essentially an IOU, which is then purchased by investors...
A breakeven point is the level at which an investor or firm will have made no profit and no loss on an investment, i.e. a return of zero.Investors and firms calculate a point or price at which all the...
A 'bull' is any investor or firm which believes that the financial markets (or any asset within them) is going to rise in value. They are typically seen as the optimists of the financial world.In the ...
Recently, Google announced that it would be opening applications for the Hustle Academy SMB Fund. The N75 million equity-free fund is aimed at helping Nigerian Small and Medium-sized Businesses stand ...