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Converting private properties to isolation centres is a bad idea

Not only has the COVID-19 pandemic, which has halted activities in the global economy, revealed the dilapidated state of the Nigeria health care system, it has also unravelled the incompetence of most Nigerian politicians. Part of the purported Infectious Diseases Bill which gives power to convert private properties to isolation centres is a stark example […]

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Reit-owned firms to seek KRA’s nod for tax exemption

  As tens of thousands of property practitioners in South Africa return to work, the real estate sector is confident it can operate safely.

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Naira stabilises at N448 in black market

Nigeria’s naira is currently exchanging at N448, the same rate exchanged on Tuesday in the black market. Traders attributed the stability seen in exchange rate for two days to low demand for dollars by the end users and quiet activity in the market.

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BUACEMENT builds Nigeria’s bourse, Investors gain N44.4 billion

Nigeria’s Stock market ended Tuesday’s trading session on a bullish note, by gaining 0.34% to close at 25,355.15 index points. Market capitalization also increased by the same margin to N13.216trillion as investors gained N44.4 billion.

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The 10 most expensive cities in world just became pricier

Ashgabat is the second most expensive city in the world, according to this year’s Mercer Cost of Living Survey. Hong Kong remains in first place, despite almost continuous protests since it was crowned “most expensive” last year, foreign media reported.

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FG to auction N150bn bonds

The Debt Management Office has said the Federal Government will auction N150bn worth of bonds by subscription on June 17.

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FG suffers N1.01tn revenue shortfall

The negative impact of the Coronavirus pandemic has resulted in the Federal Government recording a revenue shortfall of about N1.01tn in the first quarter of this year.

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Nigeria recorded N138.98bn trade deficit in Q1 –NBS

Nigeria recorded a trade deficit of N138.98bn in the first quarter of 2020, the National Bureau of Statistics has said. The NBS disclosed this in its Foreign Trade in Goods Statistics report for Q1 2020, which was released on Tuesday.https://punchng.com/nigeria-recorded-n138-98bn-trade-deficit-in-q1-nbs/

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How Rent-to-Own scheme is changing Lagos residents housing story

Gradually but steadily, Lagos State government is using its Rent-to-Own housing scheme to change the home-ownership story of the residents of the sprawling city whose population is estimated at 20 million.

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Here’s Nigerian government’s understanding of housing deficit in the country

For too long, there have been speculations and even conclusions on the size and depth of Nigeria’s housing deficit. Some people estimate the deficit at 17 million units, citing World Bank and/or United Nations report.

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