One of the most important concepts every corporate financial analyst must learn is how to value different investments or operational projects to determine the most profitable project or investment to undertake. One of the disadvantages of discounted payback period analysis is that it ignores the cash flows after the payback period. Thus, it cannot tell a corporate manager or investor how the investment will perform afterward and how much value it will add in total. Since some business projects don’t last an entire year and others are ongoing, you can supplement this equation for any income period.Under payback method, an…
Author: Editor Francis
The Senate revealed on Monday that the Board of Directors of the Nigerian Security Printing and Minting Company Plc (NSPMC) allegedly disbursed a N14 billion salary increase to its employees without obtaining approval from the National Salaries, Wages, Incomes, and Wages Commission. This discovery was made during a session in the Senate’s Red Chamber in Abuja, where the NSPMC’s management appeared before the Senate Public Accounts Committee to address issues raised in the 2019 report of the Auditor-General of the Federation. According to the Auditor-General’s report, between 2016 and 2019, the NSPMC’s Board of Directors sanctioned N14 billion for salary…
The Federal Executive Council, in its meeting chaired by President Bola Tinubu at the Aso Rock Villa in Abuja, approved a budget of N5.9 billion for the development of access roads connected to the Abuja light rail system. Nyesom Wike, the Minister of the Federal Capital Territory, conveyed this decision to State House correspondents, emphasising that the President has set a specific timeframe for the completion of the Abuja light rail project and underscored the significance of ensuring that the access roads to the railway station are adequately prepared. In his words, “Today, the Council granted approval for the contract…
Renowned Nigerian constitutional lawyer and former Secretary General of Ohanaeze Ndigbo worldwide, Professor Ben Nwabueze (SAN), has passed away. His demise was disclosed by Arinze NZELI, the President General of Atani Town Union, who announced that the esteemed legal figure breathed his last in his Lagos residence at 4 p.m. on Sunday, October 29. NZELI revealed that Professor Ben Nwabueze had been battling illness for some time before this tragic event. The news was further confirmed by Afam Ogene, the representative of the Ogbaru federal constituency in the Federal House of Representatives, who conveyed the sad incident via text message…
The inaugural flight originating from London Gatwick touched down at Kotoka International Airport over the weekend. The arrival was met with a warm and spirited West African reception, featuring traditional dancers, drummers, and a distinguished VIP delegation that included Harriet Thompson, the British High Commissioner to Ghana. Flights connecting Accra and Gatwick are now operating three times a week, on Tuesdays, Thursdays, and Sundays. In an exciting expansion move, this service is slated to increase to four flights a week starting in April of the following year. Neil Chernoff, the Director of Network and Alliances at British Airways, expressed his…
The United States, in collaboration with the Kingdom of Saudi Arabia and the Intergovernmental Authority for Development (IGAD), has reinitiated crucial ceasefire discussions between the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF). Both countries Made this known during a press release to newsmen. The Kingdom of Saudi Arabia is acknowledged for its role as the host, and IGAD, representing the African Union as well, is welcomed as a co-facilitator in these talks. In accordance with the principles outlined in the May 11 Jeddah Declaration of Commitment to Safeguard the Civilian Population of Sudan, the renewed talks maintain…
Similarly, the value of the preferred stock is calculated by multiplying the number of preferred shares issued by the par value per share. Therefore, par value is more important to a company’s stockholders’ equity calculation. If interest rates decline to a level lower than the coupon rate of a bond or the dividend rate of preferred stock, the market price of each should rise (and vice versa if interest rates are higher). Common stock is issued with a par value, but it plays a negligible role in common stock trading for the average consumer. In other words, they intend to…
Mr. Michael Aondoakaa (SAN), a former Attorney General of the Federation and Minister of Justice, has disclosed how Mr. Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), played a crucial role in preventing Nigeria from paying billions of dollars in an arbitral award to the foreign company, Process and Industrial Developments (P&ID). The United Kingdom Royal Courts of Justice recently vindicated Nigeria’s efforts to challenge the substantial judgment debt imposed on the country in favor of P&ID. The court ruled that the initial judgment was obtained fraudulently and highlighted P&ID’s involvement in fraud, bribery, and the…
David Umahi, the Minister of Works, has announced plans to import equipment worth €1.2 million to facilitate the repair of the Eko Bridge. The repair work is deemed necessary due to the prolonged lack of maintenance and will require opening the bridge deck for comprehensive repairs. Minister Umahi stated that the restoration of the 60-year-old bridge is anticipated to be finalised by 2024. During his visit to various bridges in Lagos State, including the Third Mainland, Carter, Falomo, Iddo, Eko, Marina, and Iganmu, the minister also extended his congratulations to President Bola Tinubu for his Supreme Court victory. He called…
Hundreds of thousands of demonstrators rallied in cities across Europe, the Middle East, the United States and Asia on Saturday to show support for the Palestinians amid brutal Israeli military onslaught on the Gaza Strip. Aljazeera report that In one of the biggest marches, large crowds marched through the centre of the British capital, London, to demand the government of Prime Minister Rishi Sunak call for a ceasefire. Saturday’s march in London was mostly peaceful, but police said they had made nine arrests: two for assaults on officers and seven for public order offences – some of which were being…
The Joint Unions Action Committee (JUAC) of the Federal Capital Territory Administration (FCTA) and Federal Capital Development Authority (FCDA) say workers have nothing against the Minister of FCT, Mr Nyesom Wike, over alleged salary cut. JUAC President, Mr Matilukuro Oluwakorede stated this in Abuja on Saturday, while reacting to a social media publication alleging that, “workers in Nigeria Capital, Abuja groan as Wike cuts salaries, allowances amid inflation”. Olyuwakorede said, “The public should disregard the information in circulation. it is not emanating from us. We have an internal issue; we had a meeting and agreed on the best way to…
Israel’s war on Gaza militants will be “long and difficult”, Prime Minister Benjamin Netanyahu warned Saturday as Hamas demanded the release of all Palestinian prisoners in exchange for the hostages it seized three weeks ago. The United Nations warned thousands more civilians could die in Gaza as Israel said ground forces were still operating inside the Hamas-run territory more than 24 hours after entering it on Friday. And the head of the International Red Cross appealed for an end to the “intolerable” suffering of Gaza’s civilians. Israel unleashed a massive bombing campaign after Hamas gunmen stormed across the Gaza border…