Author: InvestAdvocate

N200bn intervention fund: Stakeholders canvass mortgage sector reform

By EMEKA EZEKIEL Monday, 14 Feb 2011 For the World Bank-aided N200bn intervention fund approved for the housing sector by the Central Bank of Nigeria to achieve its purpose, experts say the mortgage sub-sector must be reformed, EMEKA EZEKIEL writes   The recent approval by the Central Bank of Nigeria of […]

Market rebounds as index rises by 0.3%

By Udeme Ekwere Saturday, 12 Feb 2011 Equity trading activities ended on a positive note on Friday, with the twin market gauge – the Nigerian Stock Exchange All-Share Index and the market capitalisation – improving significantly. Specifically, the index increased by 0.3 per cent or 76.51 basis points from 26,607.98 on […]

Oil prices drop as Mubarak leaves Cairo

By CHRIS KAHN, AP Energy Writer  NEW YORK – Oil prices dropped on Friday after Egypt’s President Hosni Mubarak handed over power to the military and left Cairo.   Benchmark crude for March delivery fell $1.21 to $85.52 in midday trading on the New York Mercantile Exchange. Traders and investors have been concerned that anti-government […]