Press Release United Bank for Africa (UBA Plc), One of Africa’s leading financial institutions, along with a consortium of local and international banks, Tuesday signed a $3 billion (N470b) loan agreement with MTN Nigeria, towards expanding its network infrastructure in Nigeria. Executive Director, Corporate Bank, UBA Plc, Mr. Emeke Iweriebor […]
Author: InvestAdvocate
Investment firm founder charged with trying to defraud NBA union
The founder and managing director of Prim Capital Corporation has been charged with attempting to defraud the National Basketball Association players’ union out of $3 million with a bogus contract, federal prosecutors in Manhattan said. A complaint unsealed on Thursday charges Ohio-based Prim Capital founder Joseph Lombardo, 72, with attempted […]
First-quarter GDP seen at 3 percent but momentum ebbs
Economic growth probably gained steam in the first quarter on strong consumer spending, but the momentum is already ebbing and could slow further as the impact of automatic government spending cuts kick in. Gross domestic product likely expanded at a 3.0 percent annual rate, according to a Reuters poll of […]
