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Why asset valuation is key to IPSAS adoption in Nigeria

The real estate sector perched recently on the brink of history, when a global forum for international valuation professionals – the International Conference on the Valuation of Plant, Machinery and Equipment (ICVPME) was told recently that three states in Nigeria is on the verge of valuing its assets for their financial statements.

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More buildings will collapse unless… – Prof Onundi

Lateef O. Onundi is a Professor of Structural Engineering at the University of Maiduguri (UNIMAID). In this interview, he gives reasons why many more buildings may collapse across the country.

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Not yet affordable housing despite high promises

The housing sector of any country can mar or boost the economy, depending on the manner government wants to run its policies.It is instructive that there is a lot of obvious difference in the way the government accords its priorities on the different sector of the economy.

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Hotel oversupply to stunt investments

Nairobi remains the key investment destination for global hoteliers, with 3,167 rooms, representing 74.8 per cent of the total number of rooms slated for the Kenyan capital.

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Buffalo Mall posts Sh33 million profit

Naivasha’s Buffalo Mall made a net profit of Sh33 million in the year ended June, reversing a net loss of nearly Sh600 million a year earlier. The improved performance was driven by higher valuation of the shopping complex, resulting in unrealised fair value gains.

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Land grabbers as threat to Nigeria’s real estate industry

Land grabbing in Nigeria will remain an albatross to the citizens of the country until decisive measures are taken to reverse the ongoing trend. Land in the country has continued to appreciate coupled with the fact that in the southern part of Nigeria land ranks like gold because of it’s sparse nature.

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The UN And Nigeria’s Housing Crisis

Leilana Farha, the United Nations’ (UN) Special Rapporteur on the right to adequate housing, has called attention to the housing crisis in Nigeria. According to her, “Nigeria’s housing sector is in a complete crisis. Existing programmes will hardly make even a small dent in addressing the ever-growing housing need.” Farha, who made this known while […]

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Kenya closes its first ever green bond

Kenya closed its first ever green bond on Thursday morning, raising Ksh 4.3 million to provide 5,000 university students with environmentally-friendly, affordable housing in Nairobi, in collaboration with the UK Department for International Development (DFID).

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Delta contributes to Global Citizen movement to end extreme poverty by 2030

The Delta Air Lines Foundation has made a generous multi-million dollar commitment to international advocacy organization Global Citizen’s Global Goal Live, a year-long campaign to mobilize resources to end extreme poverty, address climate change and reduce inequality by 2030 as outlined by the 2015 United Nations Global Goals.

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‘Allocation of $250m pension assets, huge potential for private sector’

The Acting Director General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk, has said that the provision for allocation of $250 million of the pension assets under management of private equity investment, lies huge potential for the private sector to drive economic growth potentials of the Nigerian economy.

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