Central Banks: an overview

A central bank is an independent authority of a nation that conducts monetary policy, regulates banks, and provides financial services to the economy.  Central banks possess a monopoly on increasing the monetary base in a state, generally controlling the printing of the national currency. Most central banks have supervisory and regulatory powers to ensure solvency of member institutions and discourage reckless or fraudulent behaviour by… Read more

2020 Budget Proposal

Key Budget variables President Buhari recently presented 2020 budget proposal of N10.33 trillion to lawmakers at the National Assembly (NASS). Below are key highlights of the proposal The budget set an oil price benchmark of $57 per barrel and a daily oil production estimate of 2.18 million barrel per day. The exchange rate is estimated at N305 per US dollar in 2020 GDP growth of… Read more

Review of top 5 index funds in the world

An index is an indicator or measure of something. In finance an index refers to a statistical measure of change in a security market. In the case of financial markets, stock and bond market index funds consist of a portfolio of securities representing a particular market or a portion of it. An index investment program is funded by shareholders that trades in diversified holdings and… Read more

The PROFIT Percent

Everyone is out to make money. More money. And more money. And if you’ve put in some money already, then you’re out to make a profit, plain and simple. Still, one often, if not frequently, makes profit but still doesn’t quite hit jackpot– or put another way, doesn’t feel as comfortable as his seemingly lesser competitor seemingly making lesser profit. So that one is eventually… Read more

Personal budget guide

Budgets? He who fails to plan, plans to fail. A personal budget is a plan: a spending plan. A budget is a financial plan, a guide on how money is expected to be spent. Its a list of estimated spending and attached to a time frame. Budgets are prepared to guide spending. Helping to know how much is being spent on specific items over a period… Read more