Finance

AMCON TAKES OVER NICON

The Asset Management Company of Nigeria, AMCON, has effectively taken over the National Insurance Corporation of Nigeria, NICON Insurance. NICON Insurance was privatized in 2005 with the core investor having 70 percent shares, and the Federal Government retaining 30 percent. The major investor was alleged to use the assets of the company as collateral for …

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What is Financial Market? Understanding the Basics

Financial Market, a financial market is an official platform for the trading and/or exchange of securities. It simply refers to the point of contact between buyers and sellers of financial instruments. Financial markets afford companies, individuals, and governments liquidity to help them fund their business ventures. Basically, the financial market is composed of money and …

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