Capital Market

Infrastructure Bank boss predicts 10% real estate growth

The Managing Director, The Infrastructure Bank, Mr. Adekunle Oyinloye, has projected that the Nigerian real estate sector will grow by 10 per cent annually over the next 10 years. Oyinloye said this in a paper entitled: ‘The infrastructure banker’s perspective: International funding for real estate’, at a business forum in […]

Stanbic IBTC Says to Raise N20.4 Billion Via Rights Issue

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Lender, Stanbic IBTC Holdings Plc said on Wednesday it plans to raise N20.4 billion fresh funds via a rights issue, the bank said in an issuer’s announcement with the Nigerian Stock Exchange (NSE). The lender said it will offer to existing shareholders 8.0 million ordinary […]

Wall St. up on report Germany may consider Greece aid

Wed Jun 10, 2015/Reuters U.S. stocks were higher in afternoon trading on Wednesday after a Bloomberg report that Germany may be satisfied with Greece committing to at least one economic reform in return for aid. All three major indexes rose more than 1 percent on the same day for the […]