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Tax Regulators, Property Consultants Disagree on Multiple Charges in Real Estate Sector

Property consultants and experts in taxation in the private sector believe the real estate sector in Nigeria is bogged down by too many contentious taxes and charges with ambiguous applications that the government needs to align for the good of the nation’s economy.


Property management firm to sell 40 per cent stake

Broll will sell at least 40 per cent of its stake in the Ugandan unit, according to information obtained by Daily Monitor. Mr Dennis Lutalo, the Broll Uganda country manager at the weekend, confirmed the intended sale but declined to reveal the company involved.


Akon Secures $6 Billion Contract To Build His Crypto City In Africa

Akon’s initial announcements about his plans to build a cryptocurrency based city in Senegal was met with criticism in 2018, but in the few years since, he has made significant progress in making this goal a reality.


Transcorp Hotels Boss Advocates For Infrastructure Devt To Boost Local Tourism

As Governments around the world implement strategies to boost local economies during the COVID-19 pandemic, Dupe Olusola, MD/CEO of Transcorp Hotels says that investing in infrastructure development will boost domestic tourism and subsequently, international tourism in Nigeria.


Prepare for heavy rain, flood in September, Lagos alerts residents

Lagos State government on Sunday alerted the public to an impending heavy rainfall in September and October, warning the residents to be wary of possible flooding in some parts of the state. The expected heavy rainfall, according to Bello, would be aggravated by the release of 18 million cubic litres of water in September and […]


Developer takes a shot at Banana Island, plans 56-room luxury hotel

Though predominantly residential, Banana Island has, in recent time, seen significant commercial developments in office and retail. Today, plans are being perfected to complement these developments with a luxury hotel facility to be developed by Gilead Global, a frontline real estate firm in Nigeria.


Dollar squeeze chokes Nigeria’s economy with recession looming

Nigeria’s foreign-currency shortage is squeezing life out of Africa’s biggest economy, and as in 2015, recession beckons with its attendant pain and misery. According to Bloomberg, banks won’t honour card payments, foreign investors can’t get their money out and manufacturers are unable to import vital raw materials as output hurtles toward a second contraction in…


Office space by the hour is part of post-Covid-19 reality

Instead of renting fancy offices, companies can save money by renting boardrooms, conferencing, desk and other facilities by the hour or day as and when they need them.  


Photos of ongoing construction of the N36bn Pokuase Interchange pop up

Ghana is constructing Africa’s second 4-tier Pokuase Interchange at a cost of $94 million (N36,237,000,000) in the Ga West Municipality in the Greater Accra Region. Read more: https://www.legit.ng/1357135-photos-ongoing-construction-n36bn-pokuase-interchange-pop-up.html


SEPLAT restates commitment to developing Imo communities

Foremost indigenous energy company, Seplat Petroleum Development Company Plc, has reaffirmed its resolve to developing communities in Imo State, where it has operations, and ensuring that more lives are positively impacted in line with the United Nations Sustainable Development Goals (SDGs).  


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