Mortgage rates are moving so fast and so dramatically that even reports from barely a week ago seem suddenly outdated. The average rate on the 30-year fixed conforming loan moved to its highest level in two years last week, according to the Mortgage Bankers Association weekly survey. That had a […]
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Heirs Holdings Commits $2.5bn to Obama’s Power Africa Initiative
Press Release As part of his commitment to assist Africa in ensuring accessible power on the continent, former United Bank for Africa (UBA) Plc Managing Director, Mr. Tony Elumelu, is to invest $2.5 billion to boost power supply in Africa. The investment is being made through his Heirs Holdings, the […]
SEC Bullish on IPOs, Approves N57bn New Issues in 6 Months
Strong indications have emerged that the Nigerian capital market would soon witness a wave of initial public offerings (IPOs), following relative improvement in the prices of stocks in the Nigerian capital market. IPOs are enabling either listed companies or unlisted companies to issue fresh shares the investing public to raise […]
