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Two buildings collapse in Lagos

Two buildings on Friday collapsed at Okota and Lagos Island areas of Lagos, Southwest Nigeria. On 12 Alasepe Street, off Community Road, Ago Palace Way, Okota, a three-storey building under construction collapsed, with one person trapped, who was later rescued while on Lagos Island, a two-storey building collapsed at Agarawa area.

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Northcourt’s 2020 Nigeria Real Estate Market Outlook

Nigeria’s economic growth in 2020 will depend on far sighted fiscal and monetary policies and prudent management of public debt, which currently stands at over N25Trn. Most developing countries possess effective formal budget systems that work but turn out ineffective because they lack disciplined budgets, effective programs or efficient operations. Solving this does not solely […]

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Nigeria’s GDP To Grow At 2.2% in 2020 – Bismarck Rewane

Nigeria’s Gross Domestic Product (GDP) will grow between 2 and 2.2% in the year 2020, says Economist Bismark Rewane. The CEO of Financial Derivatives Company Limited (FDC) disclosed this as the keynote speaker at the January 2020 Breakfast meeting of the Nigeria British Chamber of Commerce, which reviewed the Nigerian economic outlook for the year […]

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Investors lobby PFAs as pension assets hit N9.8tn

The total assets under the Contributory Pension Scheme rose to N9.8tn as of the end of November 2019. Latest figures released by the National Pension Commission on Thursday revealed that N7.08tn or 70.88 per cent of the assets had been invested in Federal Government’s securities.

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New development charges bill: What it could mean for property industry

South Africa’s already-struggling property development industry could face a heftier municipal tax burden. National Treasury is publishing a new amendment Bill, aimed at creating a legislative framework around how municipalities levy development charges for new property projects.

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AIIM African infrastructure fund expands into Nigerian gas market

African Infrastructure Investment Managers (AIIM) has marked its expansion into the Nigerian gas market with the acquisition of stakes in assets owned by Savannah Petroleum.

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Mace predicts construction in sub-Saharan Africa to grow 7% in next two years

UK-headquartered consultancy Mace has predicted that construction activity in sub-Saharan Africa will grow at an average rate of 7% across the next two years. Economic growth in the region will support construction development, but Mace notes that increasing domestic political and uncertainty government debt can curb public sector investments in infrastructure.

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Infrastructure Investment and Poverty

Infrastructure is an important component of economic growth. If created and properly maintained, it increases productivity and improves the quality of life. Basic physical infrastructure includes four main categories: transportation, energy, water and sanitation, and Information and Communication Technologies (ICT). It is a key element of poverty alleviation and often acts as a catalyst to […]

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Analysts predict increased liquidity, patronage in equities

Financial analysts have predicted increased liquidity and domestic participation in the equities market in 2020, considering the recent favourable monetary policy.

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WeWork only signed four new leases in its fourth quarter

WeWork only signed four new leases in the U.S. in the fourth quarter, as the company reeled in expenses following a SoftBank-led bailout. CNBC’s “Squawk Box” crew reports.

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