DefinitionA bank run is a term used to describe a situation where bank customers withdraw all the money in their deposit accounts for fear that the bank insolvency. The more customers withdraw their m...
Criminal indictments have been filed against the Trump Organization and its chief financial officer, Allen Weisselberg, by a Manhattan grand jury on Wednesday. However, the indictments will remain sea...
What is a Baseline in finance?DefinitionGenerally, a baseline is used to establish comparisons of different entities; the same applies in finance. A baseline is also known as ‘base’. It is very we...
The Nigerian Naira traded 1,000/$ for the second time in 2024 on the official foreign exchange (FX) market.On Tuesday, the Naira fell to 1,089.51/$ from how it traded the previous day, which was 856.5...
The Nigerian Stock Exchange, formerly the Lagos Stock Exchange, was introduced on September 15, 1960, and has since been a breeding ground for fearsome investors to thrive. Investors have been rewarde...
The Securities and Exchange Commission, in collaboration with the Federal High Court, has agreed to the move by Glaxo Smith Kline Consumer Nigeria Plc to acquire back its shares from minority sharehol...
Turbo Tax maker, Intuit (INTU) Inc. has made a move to acquire financial services and software company, Credit Karma in a deal that is worth about $7.1 billion in both cash and stock. Credit Karma i...
Following the credit card company, Mastercard’s revelation on Monday, Feb. 24, 2020, that the deadly coronavirus outbreak could have an effect on its revenue for the 2020 fiscal year, its shares f...
The Nigerian Export Promotion Council has reported that in 2023, Nigeria’s non-oil revenue decreased to $4.5bn. The decline is said to be 6.3% or $300m from the previous record in 2022, which ...
Odu'a Investment Company Limited recently revealed its plans to list on the Nigerian Exchange. This was announced by Bimbo Ashiru, the firm's chairman, at the closing-gong ceremony on the exchange flo...