While you may have become used to seeing mortgage interest rates at or below 4 percent, the age of historically-low rates may be coming to an end. In fact, the Mortgage Bankers Association (MBA), the national association representing the real estate finance industry, predicts 30-year mortgage rates to rise to […]
Author: InvestAdvocate
First Bank’s Q1 profit up by 29%
First Bank of Nigeria Plc has announced a 29 per cent increase in its profit before tax to N31.4bn for the first quarter ended March 31, 2013. A statement by the bank on Monday said the bank’s gross earnings stood at N99.5bn, representing an increase of 13.5 per cent year-on-year, […]
Union Bank Deliberates on Compliance Plan
Union Bank Plc is said to be the latest bank making moves to comply with the Central Bank of Nigeria’s (CBN’s) Regulation No. 3 on “The Scope of Banking Activities and Ancillary Matters.†The board of directors of the bank is deliberating on the bank’s compliance plan. A source at […]