What is an Outstanding Check?A check (or 'cheque') that has been written but hasn't been cashed or deposited by the payee is known as an outstanding check. The person or organization writing the check...
Shortly after the announcement of Dr. Abasi Eneobong's resignation as CEO of 54gene, the company has once again come into the spotlight. A fresh round of layoffs, which occurred on...
A reverse stock split is an action initiated by a company to reduce the amount of existing shares of stock into smaller (higher-priced) shares. A reverse stock split, also kn...
According to Reuters, Massmart Holdings Limited, a South African (SA) company and the continent's second-largest consumer products distributor, has revealed plans to close down 14 Game stor...
A limit order is a buy/sell order that specifies a maximum price to be paid or a minimum price to be received for a stock. Only at the specified limit price or more will the order be executed. A&n...
An investor's risk capacity or tolerance can be evaluated using their time horizon. Generally speaking, an investor can be more adventurous with their portfolio depending on the length of l...
The Central Bank of Nigeria has announced the redesign and printing of new naira notes for selected notes. Besides it being a norm for central banks to redesign local legal tender from time to tim...
The operational and administration costs for running a mutual fund are measured by the expense ratio, which is a percentage calculated on the assets managed by the fund. A mutual fund that doesn'...
The inflation rate in Nigeria currently stands at 20.77%, a 17-year high and an all-time high since 2005. The weakening economy and the global oil crises are the main causes of ...
To enhance Nigeria's payment system, the Central Bank of Nigeria (CBN), Nigeria Inter-Bank Settlement Systems (NIBSS) Plc, and Bankers' Committee have jointly announced a new national card scheme....