As the benchmark All-Share Index (ASI) depreciated by 15 basis points, the NGX closed on a negative note among sell-offs and buy-interests. The NGX ASI ended the day at 46,893.86 points, down 0.15...
What is the definition of a Basis in finance? DefinitionIn finance, the term basis can be used to refer to a lot of things, however, the most used is the difference between prices and expenses fo...
What is the definition of a Basis Point (BPS) in finance? DefinitionA basis point is a unit of measurement equals to .01 or 1/100th of 1% (1 percent). According to its calculation 1 BPS equa...