While you may have become used to seeing mortgage interest rates at or below 4 percent, the age of historically-low rates may be coming to an end. In fact, the Mortgage Bankers Association (MBA), the national association representing the real estate finance industry, predicts 30-year mortgage rates to rise to […]
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First Bank’s Q1 profit up by 29%
First Bank of Nigeria Plc has announced a 29 per cent increase in its profit before tax to N31.4bn for the first quarter ended March 31, 2013. A statement by the bank on Monday said the bank’s gross earnings stood at N99.5bn, representing an increase of 13.5 per cent year-on-year, […]
Equity market opens week on negative note
The first trading day of the week closed on a negative note as major market indicators of the Nigerian Stock Exchange recorded marginal decline. Specifically, the market capitalisation of the listed equities fell by N 55bn or 0.5 per cent to close at N11.170tn down from N11.225tn recorded at the […]
