The Supreme Court last Monday ruled on former US President Donald Trump’s tax return, allowing a New York prosecutor to obtain them. This was a huge blow to Trump who has fought to keep his financia...
Bitcoin shocked the world by losing about 8% of its value in 24 hours, with almost every other crypto coin also falling. The leading crypto coin fell from $54,440 to $49,644 on Thursday. Making i...
News reaching our desk revealed that just today, the federal government of Nigeria initiated criminal proceedings against Binance, one of the biggest cryptocurrency exchange platforms.The Federal Inla...
In the first quarter of 2024, United Bank for Africa's post-tax profit increased by 166% to N142.58 billion, driven primarily by a significant rise in interest income.UBA's interest income increased f...
GTCO released a profit of N214 billion however, investors are expecting more than this. The company has many income streams, and offering an N3.10 dividend payment for FY 2022 means it is not trying i...
Key Points:Economists predict 317,000 fewer annual EV registrations if the $7,500 tax credit is removed.Gasoline consumption would see a marginal increase of 155 million gallons in the first year.Morg...
WHAT IS EARNINGS BEFORE INTEREST AND TAXES (EBIT): Meaning, Relationship With Debt And Taxes, Applications And Shortcomings Meaning of EBIT Earnings before interest and taxes is a metric that...
A Deferred Tax Liability is an accounting term on a firm's balance sheet that is used to illustrate when a firm has underpaid on taxes and needs to pay extra.The firm will have either not pa...
EBIT stands for Earnings Before Interest & Tax and is a common indicator of the profitability of a firm.The calculation is Operating Income + Stock-Based Compensation, or Revenue - Operating Expen...
EBITDA stands for Earnings Before Interest, Tax, Depreciation & Amortization and is one of the most commonly used indicators of the profitability of a firm.The EBITDA calculati...