Author: InvestAdvocate

BofA looks to sell toxic mortgages worth $1 billion: report

– Mon Dec 13, 10:00 am (Reuters) – Bank of America Corp has put up for sale at least $1 billion worth of toxic mortgage assets, the New York Post said on Monday, citing sources.   Bids are due by the end of December for the assets, which includes already written-off loans and mortgage-servicing rights, the paper […]

Oil rises above $88 as OPEC leaves output stable

By ALEX KENNEDY, Associated Press  SINGAPORE – Oil prices rose above $88 a barrel Monday in Asia afterOPEC left its crude output quotas unchanged, citing slowing demand and abundant supplies.   Benchmark oil for January delivery was up 34 cents to $88.13 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. […]

Changing the face of insurance through MDRI

By Nike Popoola Monday, 13 Dec 2010 The Market Development and Reconstructuring Initiative is NAICOM’s initiative aimed at deepening insurance penetration in the country. NIKE POPOOLA reports its components and how all the sectors that make up the insurance industry are contributing to the scheme. Early this year, when the National […]