investment
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There are two main categories of international investment—portfolio investment and foreign direct investment. Portfolio investment refers to the investment in a company’s stocks, bonds, or assets, but not for the purpose of controlling or directing the firm’s operations or management. Typically, investors in this category are looking for a financial rate of return as well as…
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A technology enthusiast, Roseline Ilori has urged the federal and state governments to invest massively in technology. llori said funding software development, robotics, artificial intelligence, bio-medicine, voice biometrics and other technology spectra would curb brain drain. A statement on Saturday by the Founder/CEO of Bridge57 Solutions Ltd said making tech a priority will check the…
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Strategic Capital Investment Limited (SCIL) has completed the acquisition of Polaris Bank Limited on an upfront payment of N50 billion to acquire 100 per cent of its equity. The bank also agreed to repay N1.305 trillion injected into it by the Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON). After…
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Emphasizing India’s strides towards financial inclusion and digital economy, Prime Minister Narendra Modi on Sunday said the banking sector has become a vehicle for good governance and better service delivery in the country. With an aim to promote financial inclusion, Prime Minister Narendra Modi on Sunday dedicated 75 Digital Banking Units (DBUs) to the nation.…
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Twitter investor, Marc Rasella, has accused the SpaceX founder and the world’s richest man, Elon Musk of making him lose money through “misleading statements” about his purchase of a large stake in Twitter on Tuesday. The plaintiff, who seeks class action status for his case on behalf of investors who sold their Twitter stock between late March…
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Mortgage rates kept surging this week, reaching their highest levels since before the pandemic. The average rate on 30-year mortgages climbed to 4.03 percent from 3.85 percent last week, according to Bankrate’s weekly survey of large lenders. The Federal Reserve has signaled that a hike in interest rates is imminent, perhaps as early as next month’s…
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Back in May 22, 2010, Laszlo Hanyecz, one of the early adopters of Bitcoin, bought 2 pizzas from Papa John’s using 10,000 Bitcoins as payment. During that time, the pizza was just worth a little over $40. And it took him around 3 days before he found someone who finally took him up on his…
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Nigeria is undergoing economic recession. But despite the inspiring short and long-term economic forecasts, the nation has a number of power supply challenges, many of which can be solved with renewable energy. First among the sustainable energy options is hydropower. However, the major problem with hydropower and similar large, capital intensive power projects is its…
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Images of the superyacht Chelsea owner Roman Abramovich is building have been revealed. The 500-million euro project will result in the world’s most powerful yacht. Complete with a helipad and 48 cabins, the 460-foot yacht, known as ‘Solaris’, has been photographed by Carl Groll. Although still to be water tested, the boat, which is being built in Germany, should…
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Juventus made an incredible investment in Cristiano Ronaldo when they signed him from Real Madrid in 2018, yet Giorgio Chiellini believes it was a worthwhile move. He believes that Ronaldo is a player who can make the difference for the Bianconeri in the Champions League. “Cristiano Ronaldo is like a hyena on the pitch, you look at him and you realise he’s different from…
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Warren Buffet is great with numbers, and I love math, too. But being good with numbers doesn’t necessarily correlate with being a good investor. Warren doesn’t outperform other investors because he computes odds better. That’s not it at all. Warren never makes an investment where the difference between doing it and not doing it…
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Roger Lowenstein begins his new biography of Warren Buffett with a disclaimer. He reveals that he is a longtime investor in Berkshire Hathaway, the company that under Buffett’s guidance has seen its share price rise in 33 years from $7.60 to approximately $30,000. In reviewing Lowenstein’s book, it is very wise to begin with a disclaimer, too,…
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It’s reasonable to argue that the greatest banker in the United States today isn’t a banker at all—he’s an insurance guy. You might have heard of him. His name is Warren Buffett! As the chairman and CEO of Berkshire Hathaway, an insurance-focused conglomerate based in Omaha, Nebraska, Buffett oversees one of the largest portfolios of…
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In 1993, Bob Young was unemployed and working out of his wife’s sewing closet on a new company he co-founded. Late in October, that company sold to IBM for $34 billion in the tech giant’s largest acquisition ever. “It’s, no question, an out of body experience,” Young said. Image: Bob Young Young, the co-founder and former…
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Nigeria’s economy faces continuous decline in investment inflows ahead of 2019 elections, some analysts who spoke to Business Day have said. Projections from the analysts are a result of the recent decline in capital importation numbers from Q2 2018, and especially as cloud of uncertainties surrounding the 2019 elections increase averseness to investing in…
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The world’s largest asset management firm, BlackRock (BLK), has revealed plans to create new investment funds that will exclude firearm makers and retailers despite it’s indirect holdings as a major shareholder in gun manufacturers Sturm Ruger (RGR), American Outdoor Brands (AOBC) and Vista Outdoor (VSTO). BlackRock also said it is asking gun makers and retailers…
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