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.

Central Bank in Australia cuts Rates to Historic Low

The Reserve Bank of Australia (RBA) has cut its key interest rate by 25 basis points to an all-time low of 2%.

 

Rising property prices in Australia's biggest city, Sydney, a strong currency and a drop in iron ore prices are among the reasons for the cut.

‘Naira Devaluation affecting Operations of Domestic Airlines’

Since the devaluation of the Naira,  domestic airlines have not really had it good with their operations.

This is because most of their transactions are dollar denominated leading to a situation where they are having to pay almost double for their transactions.

Warning against use of Foreign Currencies for Domestic Transactions – CBN

Abuja – The Central Bank of Nigeria (CBN) on Tuesday warned individuals and corporate organisations against the use of foreign currency to carry out transactions in the country.

This is contained in a statement signed by Alhaji Ibrahim Mu’azu, Director, Corporate Communications, CBN, in Abuja. 

 

“The attention of the bank has been drawn to the increasing use of foreign currencies in the domestic economy as a medium of payment for goods and services by individuals and corporate organisations.