Due to the Russia – Ukraine conflict, the United States and various European countries have imposed trade restrictions against Russia. In March 2022, the United States barred the importation of seafood, Vodka, and certain diamonds from Russia. Other European countries imposed higher tariffs on Russian goods and restrictions were placed on Russia’s access to credit …
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 …
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 …