Investors advised to explore REITs as alternative real estate financing

 

 Investors in real estate and general infrastructure have been advised to leverage Real Estate Investment Trusts (REITs) as a viable alternative to traditional sources of project financing.

Union Bank reports 635% growth in FY’14 PBT

Union Bank of Nigeria Plc full year 2014 result shows profit before tax (PBT) was up 635% to N27.7 billion as against N3.77 billion as at December 2013.

The bank’s full year audited financial results for the year ended December 31, 2014 currently at the Nigerian Stock Exchange (NSE) also shows significant growth in net operating income and improved cost to income ratio.