Economy – Broadstreet Financial Review

9th May 2022

LIBOR TO SOFR: A NEW DAWN

I received an email from First Bank in January prompting me about their transition from LIBOR to ARR. What is LIBOR? What is ARR? What is SOFR? What is the reason for the transition? How does it affect me? LIBOR is an acronym for London Interbank Offered Rate. In layman terms, LIBOR is a daily …

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11th Oct 2021

HOW THE ECONOMY WORKS

Inflation, unemployment, and exchange rates have been on the high side in Nigeria in recent times. As a result, it is normal for the people to be concerned about the country’s economic situation. We would like to help you understand how the economy works. WHAT IS AN ECONOMY? An economy, in simple terms, is the …

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