Uncategorized

Warren Buffett to invest $5 billion in Bank of America

By Ben Berkowitz and Joe Rauch NEW YORK/CHARLOTTE (Reuters) – Warren Buffett will invest $5 billion in Bank of America, stepping in to shore up the company in the same way he helped prop up Goldman Sachs and General Electric during the financial crisis. Bank of America shares rose 12.3 […]

Fashola signs Lagos Tenancy Bill

By Sesan Olufowobi The Lagos State House of Assembly debate on Tenacy Bill ended on Wednesday as Governor Babatunde Fashola signed it(bill) into law. With the new law, any landlord who collects more than a year rent from a new tenant will spend three months in jail or pay a […]

CBN may revoke licences of 16 PMIs

By Okechukwu Nnodim The licences of 16 Primary Mortgage Institutions operating in the country may be withdrawn by the Central Bank of Nigeria if they fail to meet stipulated requirements in the next 30-days. The apex bank said in an advertorial published Thursday (today) that the affected PMIs had ceased […]