The Central Bank of Nigeria (CBN) recently prohibited foreign banks with representative offices in Nigeria from, among other things, providing services categorized as "banking businesses." In its...
Cum laude, which in Latin means "with praise" or "with honor," denotes a certain level of academic success accorded to students. The phrase is used by educational institutions to describe an acad...
The Kogi State government recently ordered the closure of the largest cement factory in Nigeria, Obajana, which is powered by Dangote Industries, after claims that the factory's acquisition was defe...
What is Racketeering? Racketeering is a term used to describe any criminal conduct carried out repeatedly for financial gain, frequently under threat of or actual use of force. A person must commi...
The term cumulative, or combined, loan-to-value (CLTV) ratio is used to calculate the total debt on a portion of commercial real estate property in relation to the value of the entire property....
Cost-cutting entails steps taken by a business to lower its costs and increase profitability. Cost-cutting strategies are often employed when a company is experiencing financial difficulty or when t...
Definition A leverage ratio is a financial metric that evaluates the amount of capital that comes from debt (loans) or evaluates a company's capacity to satisfy its financial oblig...
Volume weighted average price (VWAP) is an intraday chart technical analysis indicator that resets at the beginning of each new trading session. It is a benchmark for trading that shows the daily av...
Finance may be defined as the management of financial resources, which includes planning, forecasting, budgeting, and investing. It entails employing future income flows to finance projects...
One of the essential requirements for starting any business is financing. Throughout a company's existence and even after it is liquidated or acquired up, a significant amount of funds and ef...