Tony Elumelu Applauds US Congress for passage of ‘Electrify Africa Act’

February 2, 2016/Heirs Holdings Leading investor and Chairman, Heirs Holdings, UBA Plc and founder of the Tony Elumelu Foundation, Tony O. Elumelu has applauded the U.S. House of Representatives for the passage of the “Electrify Africa Act,” which took nearly three years trying to get the measure through both chambers […]

Nigeria’s Investment Inflows Drop by $11.1 Billion in 2015 – NBS

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s investment inflows declined $11.107 billion from $20.750 billion in 2014 to N$9.643 billion recorded in the review period of 2015, the National Bureau of Statistics (NBS) said in its latest report on Tuesday. The NBS said the level of Capital imported between 2012 and […]

Wall Street falls 2 percent as Exxon Mobil, oil weigh

Tue Feb 2, 2016/Reuters By Caroline Valetkevitch U.S. stocks dropped more than 2 percent in late Tuesday trading after a disappointing forecast from Exxon Mobil (XOM.N) and another steep drop in oil prices. Shares of Exxon (XOM.N) fell 2.3 percent to $74.54 after the oil major reported its smallest quarterly […]