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Nigerian lawyer pays N200 per night in uncompleted building to survive

A Nigerian lawyer identified as Adekunle Adigun has recounted how he regularly pays the sum of N200 to sleep at night in an uncompleted building in Lagos Island. This, according to him, is because of the Nigerian city’s accommodation problems.

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Concerns over World Bank, Moody’s reports

Generally unflattering reports on Nigeria issued by the World Bank and Moody’s Investors Service, earlier this month, have sparked worries in financial circles about the direction, which the country’s economy is headed, writes Tony Chukwunyem

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FCTA receives 7,826 land applications in 2019

The Federal Capital Territory Administration (FCTA) has received a total of 7,826 applications for various plots of land in the Federal Capital Territory (FCT), Abuja, in the year 2019.

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AMCON Chairmanship: Senate Committee Screens Adamu, CBN Deputy Gov

The Senate Committee on Banking, Insurance and Other Financial Institutions has screened the Deputy Governor, Corporate Services, Edward Lametek Adamu, for the position of Chairman, Asset Management Corporation of Nigeria (AMCON), with a charge, subject to Senate’s confirmation, to reposition the Corporation for greater effectiveness.

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$22.7bn loan: Analysts prefer private capital option

Private capital option will boost naira stability as reactions continue to trail President Muhammadu Buhari’s plan to borrow $22.7 billion to fund critical infrastructure projects, analysts at Cowry Asset Management Limited, have said that they will prefer the Federal Government explore the option of private capital, which according to them, is cheaper than external borrowing […]

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Kenya and Tanzania road construction receives aid from AfDB

The African Development Bank’s (AfDB) board in Abidjan approved of the US$384.22m financing package for road construction support for the Mombasa-Lunga Lunga/Horohoro and Tanga-Pangani-Bagamoyo roads Phase I (Kenya to Tanzania). It is in the form of the African Development Bank and African Development Fund loans and represents 78.5 per cent of the total US$445.14mn project […]

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SENATE AIMS TO REVIVE NIGERIAN ROADS WITH NEW BILL

The Nigerian Senate recently introduced a new bill that aims at shifting the responsibility for the maintenance, rehabilitation, and construction of roads from the federal government to private investors. This is due to repeated failures in providing solutions to bad roads in the country.

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Real estate firm offers services to protect funds of Nigerians in Diaspora

Against the backdrop of fraud being perpetrated against Nigerians in the Diaspora who intend to invest in real estate in Nigeria, Messrs Four Seasons Legacy Investment FSLI, a Lagos-based real estate development company with interest in protecting Diaspora investment, has developed a fraud-proof strategy to checkmate all loop holes used fraudsters in real estate transactions.

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FMBN urges mortgage banks to improve on NHF loans processing, disburses N75.5 billion

Following its mandate to boost the provision of affordable housing to Nigerian workers that are registered contributors to the National Housing Fund (NHF) scheme, the Federal Mortgage Bank of Nigeria (FMBN) has re-stated strong commitment to the speedy processing of qualified housing loan applications.

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Real estate: New offering targets Nigerians in Diaspora

Nigerians in the diaspora are soon to heave a sigh of relief in their bid to nvest in property back home as an arrangement involving Bank of America and Fidelity Bank Plc has been smoothened out.

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