The Nigerian Bankers’ Committee has said it is approaching the National Pensions Commission (PenCom) and the entire pensions industry to allow it access 25 per cent of their N9.03 trillion liquidity (N2.25trn) under the Retirement Savings Account (RSA) to develop the mortgage and real estate industry.
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The Ministry of Power, Works and Housing is to spend a total of N394.9 billion as its total capital expenditure from an allocation of N428.4 billion.
In the approved 2019 budget, the sum of N869.38 million was set aside a fund for the Mambilla Hydro Power project, N250 million for construction of 215MW LPFO/ Gas Power station Kaduna, N208.5 million for Kashimbilla transmission and N203.85 million for Fast Power Programme Accelerated Gas and Solar Power Generation
Nigeria’s pension fund assets under management rose 4.6 percent in the first quarter (Q1) of 2019, the National Bureau of Statistics (NBS) says. The assets rose to N9.03 trillion from N8.63 trillion recorded in 2018, NBS notes in a report released Thursday.
In furtherance of its plans to equip youths with in-demand skills for self-sustenance, the Edo State government, through the Edo Skills Development Agency (EdoJobs), has partnered the CADD Centre Nigeria in providing training for 100 Edo youths for project management and engineering design.
A major shake-up of the rental sector in Kenya is looming following the government’s latest plan to limit the amount that a landlord can demand for leasing a house or office to the State.
Treasury Secretary Henry Rotich says the government is negotiating afresh the cost of leasing property to cut its rental expenses in a move that will hurt landlords profiting from inflated charges.
Transcorp Hilton Abuja has been recognised as Africa’s Leading Business Hotel for the fifth consecutive year at the prestigious World Travel Awards. At the 2019 Africa & Indian Ocean Gala Ceremony, held at the Sugar Beach – a sun resort, Mauritius on June 1, 2019, Transcorp Hilton Abuja scooped five of the eleven awards won by Hilton properties, as voted for by travel and tourism professionals globally.
South Africa is facing a crisis of high and rising youth unemployment where only 1 in 3 young people of working age are employed This distressing statistic not only plays out through the limited earnings potential and future prospects of these youth, but also emerges in stymied business growth.
NASCON Allied Industries Plc, one of the many subsidiaries of Dangote Industries Limited, has disclosed that it has moved some of its operations away from the Apapa area of Lagos to Oregun and Port Harcourt.
Federation International de Football Association (FIFA) has set aside $1.2 million for the construction of its technical centre in Kebbi state. The centre,which would be located along Birnin-Kebbi/Kalgo road, has been allocated 4,000 metres land for by the Kebbi State government with issuance of Certificate of Occupancy.
Traders in Naivasha have opposed the planned construction of over 2,000 houses under the affordable housing plan by Nakuru county government putting the whole project at jeopardy. Although the county government has already entered into a partnership agreement with the World Bank over the housing project, traders have continued to oppose the decision, claiming that it will affect their livelihoods.