Home » 2016 (page 4)

Yearly Archives: 2016

Housing, electricity costs push inflation to 18.48%

Lagos house prices and economic recession

New Telegraph reports that the monthly inflation rate commonly referred to as Consumer Price Index (CPI) has risen by 0.15 per cent from 18.33 per cent to 18.48 per cent in the month of November, according to the monthly inflation data released by the National Bureau of Statistics (NBS). NBS cited increases in costs of water, housing, electricity, gas and clothing ...

Read More »

Energy Commission of Nigeria brainstorms on strategies to improve power

KEDCO Assures Residents of Better Service Delivery

The Energy Commission of Nigeria, (ECN), commenced a three-day Capacity Building Training on Energy and Environment to brainstorm on the technology suitable for the actualization of a renewable energy which would reduce waste and improve power in Nigeria. Vanguard reports that the Director-General of the Commission, Prof Eli Jidere Bala, while speaking at the opening of the workshop at the ...

Read More »

Gov Emmanuel inaugurates panel of enquiry on Uyo building collapse

Gov Emmanuel inaugurates panel of enquiry on Uyo building collapse

Vanguard reports that Governor Udom Emmanuel of Akwa Ibom has inaugurated an eight-man Commission of Enquiry to investigate the building collapse tragedy at Reigners Bible Church last weekend that claimed the lives of several worshippers. The commission has Justice Umoekeyo Essang (retd) as Chairman, and Emem Victor Daniel of the Ministry of Justice as Secretary. Other members are; James, Utiaruk,  Essien ...

Read More »

Two-storey building collapses in Lagos State

Two-storey building collapses in Lagos State

Reports show that a two-storey building under construction at 21, Makinde Street, Alausa, Ikeja, collapsed yesterday. Vanguard reports that operatives of the Rapid Response Squad, RRS, of Lagos State Building Control Agency and Lagos State Emergency Management Agency, LASEMA, moved to the scene in response to a distress call. According to Vanguard, the General Manager of LASEMA, Mr. Adesina Tiamiyu, ...

Read More »

FG promises quick completion of four airport terminals

FG promises quick completion of four airport terminals

New Telegraph reports that President Muhammadu Buhari has assured that most of the stalled projects in the aviation industry would resume and be completed in record time. According to New Telegraph, he particularly mentioned four of the terminals under construction at the Murtala Muhammed Airport, Lagos; Mallam Aminu Kano International Airport, Kano; Nnamdi Azikiwe International Airport, Abuja and the Port ...

Read More »

FIRS seals Lagos hotel, Port Harcourt companies over taxes

FIRS seals Lagos hotel, Port Harcourt companies over taxes

Reports show that the Federal Inland Revenue Service, FIRS, yesterday, sealed the Diplomat Hotel, located on Shonnyway Street, Shonibare Estate, Maryland, Lagos, over a N351 million tax debt. The Guardian reports that Bukar Gana, head of the FIRS enforcement team, stated the hotel owes taxes between 2012 and 2016. The hotel’s customer care manager, who didn’t give his name, said ...

Read More »

The Impact of Climatic Change on Urban Cities

Urban cities

There is an Increasing awareness to the potential impacts of climate change on urban cities. Presently, roughly 50 percent of the world‘s population live in cities, but this figure is expected to reach 66% by 2050. Most of the future growth of the urban population is anticipated in the developing world. Many low-income countries are already exposed to shortage of ...

Read More »

Experts calls for the repeal of land use act

Lagos house prices and economic recession

Professionals in the real estate sector have called on the Federal Government to repeal the Land Use Act of 1976. The Guardian reports that the experts made the demand at a mandatory continuing professional development seminar for Estate Surveyors and Valuers, at the Polytechnic Ibadan, Oyo State. According to The Guardian, those who made the call were Prof. Abel Olaleye ...

Read More »

How Federal Government would spend $1 billion on Ogoni land clean up

FG partners Morocco on renewable energy

Federal Government has explained how it would spend the $1 billion fund set aside for the clean up of Ogoni land, Rivers State. The Guardian reports that the Minister of Environment, Amina Mohammed said it had initiated deliberate robust efforts to deploy men, money and materials towards re-mediating the Ogoniland in line with global best practices of the United Nations ...

Read More »

NPDC loses N1.5 trillion to attacks on assets

NPDC loses N1.5 trillion to attacks on assets

The Guardian reports that the Nigerian Petroleum Development Company (NPDC), the exploration and production subsidiary of the Nigerian National Petroleum Corporation (NNPC), lost about N1.5 trillion to attacks on its facilities from January till date. According to The Guardian, the Group Managing Director of NNPC, Dr. Maikanti Baru, who disclosed this at the opening ceremony of the 2016 NNPC security ...

Read More »
https://nigeriarealestatehub.com/wp-content/uploads/2023/09/terrapy-3.0-banner-900-X-90-scaled.jpg