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NSIA makes massive plans on infrastructural investment

NSIA investments

The Nigeria Sovereign Investment Authority on Wednesday said it was planning to invest massively in the Nigerian Infrastructure Debt Fund being managed by Chapel Hill Denham Nigeria. The NSIA said this in a statement issued in Abuja and signed by its Communications Adviser, Mr. Titilope Olubiyi. It, however, did not disclose the amount to be invested, but added that the ...

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An Assessment of Road Construction Projects Under President Buhari

assessment of road construction

THE Federal Executive Council, wednesday approved the award of a N155.7 billion contract for the road construction of a hybrid two-lane-six-lane road network that starts from Abuja that cuts through the heart of Northern Nigeria: Abuja-Kaduna-Zaria to Kano. This road project comes at a time when the administration has increased the pace of the completion of the Lagos-Ibadan expressway and ...

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Brother to late founder of Guaranty Trust Bank arraigned over land fraud

Land Fraud

The Lagos State Government on Wednesday arraigned a brother of late founder of Guaranty Trust Bank (GTB) and property developer, David Olumide Aderinokun and a staff of the New Town Development Authority (NTDA), Balogun Adeniyi Abdul-Wakil before an Igbosere Magistrate Court over alleged conspiracy, forgery, stealing and property fraud on parcels of land in Lekki Peninsula estimated at 2678.068 square ...

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Is Real Estate a Good Investment for Retirement?

real estate a good investment

Is real estate a good investment? With the right set of knowledge and skill, It certainly can be. I’ve seen many people secure a comfortable lifestyle by building a portfolio of real estate, and I’ve seen others lose their shirt, and everything else to go with it. It takes knowledge, skill, intuition, and guts to invest in real estate. If ...

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LASG Closes Burnt Section of Festac Link Bridge

Festac Link Bridge

The Lagos State Government through the State Traffic Management Authority (LASTMA) on Wednesday announced an immediate closure of a section of the recently burnt FESTAC Link Bridge. The closure, according to government, was as a result of expert advice by the State Ministry of Works and Infrastructure that the integrity of a section of the bridge was in doubt, and ...

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FAAN Boss Inspects Repairs of Enugu Airport Runway

Enugu airport runway

Mr Saleh Dunoma, Managing Director, Federal Airports Authority of Nigeria (FAAN) has carried out an on-the-spot assessment of the ongoing work on the runway of the Akanu Ibiam International Airport, Enugu. A statement by FAAN General Manager, Corporate Affairs, Mrs Henrietta Yakubu, said on Wednesday in Lagos that Dunoma was accompanied on the inspection visit by a team of engineers ...

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Fatal Auto-Crash Claims Ten Lives in Ogun State

auto-crash

Ten passengers in a commercial bus travelling to Ibadan in Oyo State were confirmed dead in an accident when the bus collided with a truck on Abeokuta/Ibadan Road in Ogun. Mr Babatunde Akinbiyi, the Public Relations Officer (PRO), Traffic Compliance and Enforcement Corps (TRACE), confirmed the incident on Wednesday in Abeokuta. Akinbiyi said that the truck driver only sustained an ...

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David Mark cries out to EFCC on 748m house: “You are chasing shadows P5”

Senator David Mark

A former Senate President, Senator David Mark, yesterday said the accusations by the Economic and Financial Crimes Commission (EFCC) or any other government that he purchased his N748 million Apo Residential House illegally were  spurious, contrived and baseless. He said the EFCC or any other agency were chasing shadows in probing how he bought his house. He insisted that he ...

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