August 25, 2014 Nigeria will delay the release of second-quarter GDP data by a week because of a backlog of work caused by a rebasing exercise, the National Bureau of Statistics (NBS) said on Monday. GDP data is scheduled for release 45 days after the end of each quarter, though […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Zimbabwe through its Central Bank, the Reserve Bank of Zimbabwe has created its own Asset Management Company, Zimbabwe Asset Management Corp (ZAMCO) to help buy non-performing loans (NPLs) from banks according to a report from Bloomberg. The report said ZAMCO will purchase the loans under […]

Bank of America Corp. agreed to pay about $16.7 billion to end federal and state probes into mortgage bond sales, the harshest penalty yet related to loans that fueled the 2008 financial crisis. The settlement, which includes $9.65 billion in cash and $7 billion in consumer relief, resolves civil investigations […]