Azighode's Blog

Investment Companies Generally, an "investment company" is a company (corporation, business trust, partnership, or Limited Liability Company) that issues securities and is primarily engaged in the business of investing in securities. An investment company invests the money it receives from investors on a collective Mutual funds (legally known as open-end companies); Closed-end funds (legally known as closed-end companies); UITs (legally known as unit investment trusts). A UIT typically will make a one-time "public offering" of only a specific, fixed number of units (like closed-end funds). Many UIT sponsors, however, will maintain a secondary market, which allows owners of UIT units to sell them back to the sponsors and allows other investors to buy UIT units from the sponsors. A UIT will have a termination date (a date when the UIT will terminate and dissolve) that is established when the

As part of our Human Resource Development initiatives, the Niger Delta Development Commission, NDDC, is commencing the 2016 Post-Graduate Foreign Scholarship Programme, to equip Niger ADeltans with relevant training and skills for effective participation in the Local Content programme of the Federal Government, as well as compete globally in various professional fields. The Scheme is for suitably qualified applicants with relevant Bachelor's/Master's Degree(s) from recognized universities in the following professional disciplines: 1. Engineering 2. Medical Sciences (M.Sc. Public Health excluded) 3. Computer Science/Technology 4. Geology 5. Geosciences 6. Environmental Sciences 7. Agriculture 8. Environmental or Gas/Oil Law 9. Project Management APPLICATION REQUIREMENTS 1. First Degree with minimum of 2nd Class Lower Division for those wishing to undertake a Master's Degree programme and a good Master's Degree for PhD candidates from a recognized u

The oil price rose on Wednesday and is now back above $35 a barrel, even despite another huge build in US crude stockpiles last week that suggests the global supply glut is only getting worse. Latest data from the US Energy Information Administration revealed another 7.8 million barrels had been added to domestic reserves last week, said the Wall Street Journal. This was a far bigger gain than had been expected by analysts and boosted US stockpiles to 503 million barrels. This is the biggest total recorded in the weekly data since records began in 1982, while in monthly data, which "don't line up exactly" with the weekly numbers, the 500 million barrel barrier has not been breached since 1930. The US – and the world – is still swimming in oil and production remains at least one million barrels a day above demand. So why did the price of international benchmark Brent crude jump more than seven per cent and end two days of decline? In relation to the data, it is r