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    A former First Bank of Nigeria chief executive credited President Bola Tinubu’s administration with improving economic conditions despite remaining challenges. Adesola Adeduntan, a state broadcaster, told BCOS that professionals must recognize government achievements, even though work remains unfinished. The banking expert said growth rates have strengthened compared to earlier years. He expects citizens will notice…

  • What is ceding?

    Ceding means you give something away to someone else. In the world of insurance, ceding happens when one insurance company gives some of the risk it is covering to another insurance company. The company that is ceding the risk is called the insured or the ceding insurer. The company that takes on the risk is…

  • What is Daylight Risk?

    Money moves around between banks and companies all day long. Daylight risk happens when one group sends money or things like stocks but doesn’t get what they should get back right away on the same day. Picture two friends trying to trade baseball cards – if one friend hands over their cards but doesn’t get…

  • What is a Close-Out?

    Trading financial instruments carry inherent risks. Market participants need reliable ways to manage these risks, which is where close-outs become essential. A close-out happens when a trader or investor creates a new position that perfectly balances an existing one, effectively neutralizing the risk exposure. The Mechanics of Close-Outs Traders execute close-outs by establishing positions that…