Month: December 2020
NIGERIANS HAILS DSS OPERATIVE FOR BRAVERY IN DOING THIS.
Brave DSS officer abducted at gunpoint rams his car into culvert, kills one of his abductors, gets other arrested. The said kidnappers entered his car at Dutse Alhaji in Abuja. The kidnappers held knife and gun to the throat of the DSS operative. While he was on motion, the operative, who already had his seat belt on, bravely rammed his personal car into a culvert which led to the…Read More »
What Is Currency Swap ? (Currency Swap Explained)
Currency swap is a financial transaction where two business entities who are usually from different country exchanges principal and interest of loan in order to hedge interest rate risk that are usually inherent in sourcing for loans from international financial market. For example, let’s say a Nigeria base company like Dangote group need 8 million dollars to invest in U.S soil while a U.S company, let’s say ADIDAS needs 300…Read More »