Rising interest rates, increasing gas prices, and increased uncertainty are wreaking havoc on Wall Street, notably in the auto sector. General Motors lost $2.73 a share, or 7.8%, to $32.28 a sha...
The Nigerian Central bank reported in April that the interest rate is 16.82 percent, however, we believe that it is much higher than that since the buying power of the Naira has reduced drastically wh...
One of the most significant factors to consider when making financial decisions is your projected return. When stock prices rise, stock investors might profit from capital gains. Dividends, on the oth...
TitanTrust Bank Limited has completed the transaction to acquire a controlling position in Nigeria's second-oldest financial institution, Union Bank of Nigeria, it thus stated in a regulatory filing o...
The Dangote Group has stated that it intends to invest significantly in the steel sector of the economy.This was revealed by Olakunle Alake, Dangote Group's group managing director, during a roundtabl...
Betastore, a Nigerian startup, has raised $2.5 million in pre-series A funding to help it expand to Ghana, the Democratic Republic of the Congo, and Cameroon before the end of the year.The investment ...
Starlink, an Elon Musk-owned web service, is slated to commence in Africa between July and September this year, with two African countries participating.Musk revealed in a tweet on Friday that Starlin...
"Big Short" hedge fund manager Michael Burry has been aggressively investing amid the current market plungeSliding equities and plummeting home sales, according to Burry, remind him of the 2008 housin...
Amazon announced its stock split in early March, promising investors 20 shares for every share they now own. At the time, the stock was up 6% in extended trading.The board also allowed it to repu...
A mutual fund is a form of financial vehicle that invests in securities such as stocks, bonds, money market instruments, and other assets by pooling money from multiple investors.Professional money ma...