One of the effective ways to be up to date with any company you intend to make an investment is to go to the SEC's EDGAR database and check all the forms they are supposed to fill under U.S. Securitie...
Data shows that Nigerian tier-1 banks, also called FUGAZ, have reported to have surmounted a total of N102.96 billion in income from the account maintenance charged to customers for the first nine mon...
One of Nigeria’s long-lasting financial institutions, Union Bank of Nigeria, has announced its delisting from the Nigerian Stock Exchange (NGX) after 52 years of actively paying shareholders with wo...
What is Back To Back Letter Of Credit?A back to back letter of credit is made of two letters of credit (LCs) used together to finance a business transaction. The two LCs are opened in favor of th...
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 Bail-In?DefinitionA bail-in is a means of providing help by the creditors of a company on the verge of failure by writing off debt the company is owed or converting the debt into equity, ...
The United Bank for Africa (UBA) has assured the public of its commitment to deepening intra-African trade to achieve self-reliance and economic development.The bank encourages Africa to deliberate ab...
The International Air Transport Association disclosed yesterday that funds trapped by foreign carriers operating in Nigeria and other African countries have reached $1.68 billion. This was announ...
Cadbury Nigeria Plc has announced a revenue growth of N59.2 billion for the first nine months of 2023, which ended on September 30, 2023.The firm's revenue increased by 39% over N42.54 billion, record...
The Federal Government of Nigeria has launched a Startup Support and Engagement portal to register startups in the country as part of implementing the Nigeria Startup Act. This was announced by t...