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Anxiety over unoccupied houses and ICPC’s threat

Until the anti-corruption agencies walk the talk with regard to taking over unoccupied houses in the Federal Capital Territory (FCT) and other major cities across the country, Nigerians say they take the recent threat by the Independent Corrupt Practices and other related Offences Commission (ICPC) over such unoccupied houses with a pinch of salt. ELEOJO […]

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Operators to invest pension funds in road, rail projects

Operators of the Contributory Pension Scheme are planning to deploy part of the pension funds in critical sectors of the economy, the National Pension Commission has revealed.

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Sam George cuts sod for construction of an ultra-modern 4-storey KG block

Member of Parliament for Ningo Prampram, Samuel Nartey George, as part of his birthday, donated 300 set of desks and 50 tables to the Ahwiam D/A Basic School in his constituency on 22nd January 2020. He also cut the sod for the construction of an ultra-modern 4-storey KG block for the school.

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FG concludes plan to borrow N2 trillion from Pension Fund

The Federal Government has concluded plan to borrow N2 trillion from the current N10 trillion pension funds to finance the development of infrastructure. The disclosure was made at the National Economic Council (NEC) meeting presided over by the Vice President, Yemi Osinbajo, on Thursday in Abuja.

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Mass evictions prompt protests as Nigerian housing crisis mounts

The men in naval uniforms charged into the Nigerian waterfront village of Okun Glass in the morning, chased out the residents, then called in the bulldozers. De facto village leader, 75-year-old Dauda Musa, said he fled as the men fired guns into the air. “They demolished our homes,” he said, standing in the rubble of […]

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France’s Amethis set to buy 30% stake in Kenyan retailer Naivas

France’s Amethis is close to concluding the purchase of a stake in Kenyan general retailer Naivas, the investment fund told Reuters on Friday, entering a sector where the collapse of one of the major players in recent years has left a gap.

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South Africa: R77 Million School Construction Project Stalled Since 2018

A R77 million project to rebuild a Uitenhage school has been stalled since 2018, apparently because the Eastern Cape Department of Education is not paying the bills. Bags of cement, floor tiles, bricks and other building materials are strewn around the grounds of Jubilee Park Primary School in Gerald Smith township in Uitenhage. Children balance […]

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AfDB invests $600 million in Africa’s renewable energy, discloses de-risk plan

African Development Bank (AfDB) has invested $600 million for the development of renewable energy in Africa. The President of AfDB, Akinwumi Adesina, disclosed during his keynote speech at the UK-Africa Investment Summit.

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How poor regulation impacted real estate in 2019

Real estate for Nigerians in the year 2019 can be compared with that of other years considering that government policies, apart from coming from the same people, have implementation to contend with.

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Construction of state-of-the art Girls School in Lamu, Kenya Launched

The Kenyan national government has launched the construction of a state-of-the-art Girls boarding School in Mpeketoni, Lamu County. The US $535,623 School will be a much need addition to the few available Girls schools in the area.

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