The Central Bank of Nigeria supplied a total of $7.05bn in foreign exchange in the second quarter of 2012, compared to $6.82bn offered in the first quarter, representing a decline of 3.37 per cent. The CBN, in a publication on Thursday, titled, “Developments in the external sector of the Nigerian […]
Author: InvestAdvocate
Rising Home Prices Force Low-Wage Workers to Leave Major U.S. Cities: Harvard Study
Sales of single-family homes in the U.S. rose by 5.7% in September, the highest rate since April 2010. Most would argue that these numbers are indicative of an improving economy — an increase in housing sales leads to an increase in housing prices. Daniel Shoag, associate professor of Public Policy […]
U.S. sues Bank of America over “Hustle” mortgage fraud
The United States filed a fraud lawsuit against Bank of America Corp, accusing it of causing taxpayers more than $1 billion of losses by selling thousands of toxic mortgage loans to Fannie Mae and Freddie Mac. Wednesday’s case, originally brought by a whistleblower, is the U.S. Department of Justice’s first […]
