Comparing many other asset types, it may be argued that stocks offer the most growth potential. In comparison to real estate and many other fixed-income assets, they are by far more liquid ...
Investment opportunities keep glowing in Africa, and Nigeria is not stopping as it continues to grow the businesses of locals and foreigners living within and outside the country. However, the wo...
Since the suspension of the previous CBN Governor, Godwin Emefiele, he has been probed over some illegalities concerning money laundering. Still, the recent investigation report shows that Emefi...
Investors at the Nigerian Stock Exchange closed yesterday with a positive move. The market recovered from the previous trading day when market capitalisation was down by N107 billion due to investors'...
On Monday, data from the FMDQ securities exchange revealed that the naira's value at the official foreign exchange market declined to N1,234 against the US dollar.According to the exchange rate, the n...
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...
JPMorgan Chase third quarter earnings beat analysts’ earnings amid the reported September money laundering scandal that implicated the bank. Here’s how JPMorgan performed in the third-q...
Wells Fargo wrote in a memo Wednesday that more than 100 employees were fired for engaging in Covid-19 relief fund fraud.The Covid-19 relief funds were set aside for small businesses that were affecte...
The Central Bank of Nigeria (CBN) has unveiled its Consolidated Financial Statements spanning seven consecutive years. This disclosure marks a notable departure from the past, as the apex financial in...
The Nigeria Exchange Limited (NGX) All-Share Index increased by 0.55% on Wednesday, and the benchmark index rose to 72,299.79 points; this is the first time in history that the benchmark index has cro...