Author: InvestAdvocate

States seek review of Land Use Act

By Ifeanyi Onuba, Abuja State governments across the country are seeking the review of the Land Use Act as part of measures towards facilitating easy access to land, especially to encourage Foreign Direct Investment. This was one of the highpoints of a communique issued at the end of a two-day […]

Mortgage debacle costs banks $66bn

By Agency Reporter Faulty mortgages and foreclosure abuses have cost the nation’s five biggest home lenders at least $65.7bn, according to a tally by Bloomberg News, and new claims may push the industry-wide total to twice that amount. Bank of America Corporated had the biggest costs, totaling $39.1bn since the […]

Union Venture raises capital base by 650%

By Okechukwu Nnodim Shareholders of Union Venture Plc have approved an increase in the firm’s capital base from N50m to N375m. The approval increased the firm’s capital base by 650 per cent. According to a statement by the company on Friday, the 650 per cent capital base raise was endorsed […]