‘We’re selling investment opportunities to foreign, domestic investors’

The Nigeria Investment Promotion Commission (NIPC) has said it has profiled investment opportunities across the country and is selling the information to investors across the world. While addressing journalists in Abuja yesterday, the Director, Investment Promotion of NIPC, Adeshina Emmanuel, said the innovation was a deviation from the practice of the past when NIPC had investment fora across the world without profiles of investment opportunities in Nigeria to sell to prospective investors.

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NPLs of Primary Mortgage Banks rise by 12.14% says NDIC

The quality of credits granted by the Primary Mortgage Banks (PMBs) in 2018 deteriorated significantly as Non-Performing Loans (NPLs) rose from ₦5.76 billion in 2017 to ₦18.63 billion in 2018, resulting in increase in the NPLs to Gross Loan Ratio from 3.70% in 2017 to 12.14% in 2018. The 2018 annual report of the Nigeria …

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NIPITEC seeks harmonisation of investment opportunities

Organisers of the yearly Nigerian International Pipeline Technology & Security Conference (NIPITECS), is seeking for harmonisation of relationship and investment opportunities in Nigeria’s oil and gas industry, especially in regards to pipelines technology.

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REfin Homes Gets ISO Certification

Refin Homes Limited, a real estate development company established with the aim of constructing and creating affordable housing units for Nigerians from low income earners to middle class professionals was recently awarded ISO 9001:2015 certification.

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South Africa to invest US $18m in court building repairs

South Africa is set to invest US $18m in repairs and maintenance of court buildings across the country. Public Works and Infrastructure Minister Patricia de Lille announced the reports and lamented the state of government buildings, especially the ones that are used as courts, saying this impacts negatively on the justice system.

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Intu Properties aims to develop hotels and residential units around its malls

Intu Properties, which owns 17 malls in the UK and three in Spain, will start developing non-retail assets to support its shopping centres that continue to struggle in the wake of 2016’s Brexit referendum and competition from online retail. The company plans to develop about 6,000 residential units including apartments and houses. The first project was launched at Intu Lakeside in Essex.

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Nairobi ranked second most expensive place to construct in Africa-Report

Kenya’s capital city Nairobi has been ranked the second most expensive city to construct in Africa, after South Africa’s Johannesburg and 86th globally, according to a report released on Wednesday.According to the report released by the Architectural Association of Kenya(AAK), Nairobi’s construction costs topped other global cities including Beijing, Shangai, Kuala Lumpur and Mumbai.

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Modest hospitality price rises predicted for 2020

The Hotel Monitor 2020, published by American Express Global Business Travel, predicts that hotel prices in most key cities will experience only modest rises next year. A global boom in hotel construction is increasing the supply of guest rooms just as international trade tensions put a dampener on demand: together, these factors will restrict the…

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Dangote Refinery, Lekki Deep Sea Port turn Ibeju- Lekki to preferred destination for investors

Buying land and other similar properties can be very demanding as it requires a tough decision-making process. Securing a landed property is not as easy as strolling into a supermarket to get a box of chocolates off the shelf. For the latter, all one needs to do is to pick the chocolate box one desires and make the payment, but for the former, there are various important factors a smart person should consider before making a purchase.

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