Fixed income securities are often referred to as debt instruments and are mostly issued by the government or large corporations. They are investment that yield a fixed rate of return periodically. For example, assume the government is to embark on a long term project and it needs to finance it. The government could lend money…
Devaluation refers to a deliberate reduction in the value of a nation’s currency relative to another country’s currency. The decision to devalue a currency will lower the purchasing power of such currency especially in international transactions. Following the data obtained on the website of FMDQ OTC Securities Exchange on the CBN official rate, on Tuesday…
The rate at which the world is going digital is increasing. The financial markets are not left out as digital coins are becoming more popular. Digital coins are sometimes called Cryptocurrencies and are referred to as a type of currency which uses digital files as money. Wikipedia defines it as a digital asset designed to…
It is no longer news that employees are being laid off due to the current pandemic. It has however been shown that amidst the job loss and reduction in salaries, quite a number of people got extra jobs, and received extra income due to the skills they had which matched up with popular demand. Here…
One common form of investment is investment in stocks. A stock represents a share of ownership in a company. It is a unit of a share of a company. Basically, when you purchase a stock, you are buying a small piece of the company which is called a share which grants you ownership of the…
When we were young, all we were taught about financial literacy was to save, save and save but as we grew up, the lesson changed from save, save and save to invest, invest and invest. What really is the goal to financial stability? To save or to Invest? For every income received, you do two…
The current pandemic came like a surprise birthday gift, though an unpleasant one. As a surprise, many nations were not prepared for it, even individuals were not ready. The surprise went way deep to affect the economies of different nations and also affected the finances of individuals in each nation. It is therefore important to…
The current pandemic which has been affecting almost all sectors of the economy has moved towards the electricity sector. Prior to the outbreak of the virus into the country, the Ministry of power started a review on electricity tariff to be implemented by April,2020. However, with the outbreak of the virus coupled with customer’s sympathy,…
States and Local government depends largely on the amount allocated to them by the Federal Account Allocation Committee to carry out their various states activities. According to the latest FAAC disbursement report released by the National Bureau of Statistics (NBS). The Federation Account Allocation Committee (FAAC) disbursed the sum of N780.93bn to the three tiers…
Diversification of the economy from the oil sector to other sectors of the economy is one popular advice that has been given to Nigeria policy makers for a very long time. While some believe no efforts is being made towards diversification, others are of the thought that little efforts are being made. In a bid…
The Nigeria Bureau of statistics carried out a survey tagged “COVID-19 National Longitudinal Survey on the SOCIO-ECONOMIC EFFECTS OF COVID-9 ON NIGERIAN HOUSEHOLDS”. The survey showed that 42% of Nigerians lost their jobs during the peak of the COVID-19 pandemic. NBS said it conducted the survey between April to May 2020. The result also states…
With over 10,000 cases of the recent virus ravaging the society coupled with the starring recession as announced by the Finance Minister, the choice of re-opening the economy or not seems like a difficult decision to make as taking one side could lead to a trade-off of lives to livelihood or livelihood to lives.During the…
The monetary policy committee (MPC), an arm of the apex bank in Nigeria had a meeting on Thursday to set the rate for certain interest rates. From the meeting, the Central Bank of Nigeria reduced the Monetary Policy Rate from 13.50% to 12.50% while other parameters such as the Cash Reserve Ratio remained at 27.5%…
Do you know that a daily usage of the Internet without earning from it, can be likened to being in an ocean with soap in your eyes? Seriously, the digital sphere is the hub of today’s businesses, so how can you make use of it without monetizing your presence? This is absurd, and it is…
The rate of unemployment in the country has been a huge topic and a concern among citizens. Every year, a lot of students graduate from their respective universities to meet the existing unemployed graduates who are in search of Jobs. Many attributed this to the inability of government to provide enough jobs for the people…
The General Manager, Corporate Affairs of the Federal Airport Authority of Nigeria (FAAN), Mrs. Henrietta Yakubu hinted on the reopening of airports across the country for air travellers during a webinar organized by Women in Aviation (WIA). The aviation industry which has been hit hard with reduced revenue due to the pandemic is predicted to…
The pandemic which is currently ravaging almost all countries of the world including Nigeria is causing more harm than expected. The challenges this pandemic has thrown to various nation of the world is not limited to the health sector alone but transcends to other sectors due to the transmission mechanism that makes this whole thing…
Some budding entrepreneurs understand the effort necessary to create a business, but they might not be familiar with the many steps required to launch a business venture. If you’re willing to put in the effort to build a business, you’re going to want to know the steps needed to reach your goals. Becoming a business…
