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DMO begins inspection on roads funded by Sukuk bond

Sukuk Bond

Officials of the Debt Management Office, Federal Ministry of Power Works and Housing, Federal Ministry of Finance and Office of the Accountant-General of the Federation have started the inspection of the Roads being financed with the Sovereign Sukuk bond issued in 2017. The proceeds of the N100 billion Sukuk were designated for the financing of 25 Road Projects across the ...

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Ile-Ife in chaos as explosion destroys storey building

Ile-Ife

THERE was pandemonium in the ancient city of Ile-Ife, on Saturday night when an explosion destroyed a storey building, forcing residents near the scene of the incident scampered to safety, Housing News reliably gathered. Credible sources informed our correspondent that the incident which caused apprehension occurred around Moore area of the historic town at about 11.05 pm as most residents ...

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Power sector loses N108 billion in the first quarter of 2018

Power sector

The NESI’s data shows that Nigeria’s power sector is losing between N1.2 billion to N1.5 billion monthly to constraints such as water, gas and transmission line. Nigeria’s power sector lost a total of N108 billion in the first quarter of 2018 from constraints that include gas supply, water, and transmission line. The sum of N108 billion has been lost to ...

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Affordable housing is an indicator of the well-being of Nigerians – Zarma

affordable housing

Minister of State for Power, Works and Housing, Surveyor Suleiman Hassan Zarma has pointed out that affordable housing and conducive urban environment remained portent indicators of the well-being of Nigerians through effective policies and pragmatic development programmes. Zarma who stated this in Abuja at a workshop for Real Estate Developers organised by Real Estate Development Association of Nigeria (REDAN) added ...

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Experts in built environment seek an efficient facility management system

experts

Experts in the built environment have advocated for an efficient facility management system as a means of sustaining national infrastructure across the country. Speaking to LEADERSHIP in Abuja, vice chairman of Council of Registered Builders of Nigeria (CORBON), Bldr. Samson Opaluwah noted that the cycle of failure of national infrastructure and facilities soon after commissioning could only be prevented by ...

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Offa Robbery – Saraki demands improvement on Security infrastructure

Offa robbery

Offa Robbery – The President of the Senate, Dr. Bukola Saraki has called for general improvement on the security infrastructure of the country. President of the Senate, Dr. Abubakar Bukola Saraki with the Olofa of Offa, HRH Oba Muftau Gbadamosi Esuwoye II, during the President of the Senate’s visit to Offa to commiserate with victims and bereaved families following the ...

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Expert commends the Buhari-led administration for its anti-corruption crusade

Buhari-led administration

The infrastructure development programme of the Federal Government is a step in the right direction, the Chief Executive Officer of Diran Adetunji and Associates, Mr. Adediran Adetunji has declared. At the pace the Buhari-led administration is moving, in 10 years from now, Nigeria would emerge as one of the leading economies in the world, he said. Adetunji in a statement ...

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Aso savings and partners kick off Kaduna millennium city project

Kaduna

In line with its vision to be the mortgage bank of choice, ASO Savings & Loans Plc. is partnering with Environmental Engineering and Construction Limited and Realines Global Konsult Ventures Ltd to bring to reality the planned Kaduna Millennium City. ASO savings is totally financing the multi-billion Naira project. Kaduna Millennium City is an 11.8 Hectare Land located within the ...

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LCCI rewards real estate experts with an award for excellence

LCCI

The Lagos Chamber of Commerce and Industry (LCCI), has concluded plans to honour excellence in business at this year’s commerce and industry awards scheduled for Tuesday, 1st of May, 2018 in Lagos. This year’s edition, which is the fifth in the series, according to the LCCI, will be an improved edition and hopes to attract major players in the various ...

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Court arraigns brothers for alleged failure of assets declaration

assets

An FCT High Court, sitting at Apo, on Monday continued hearing in the case of alleged failure to declare assets without reasonable excuse against the Tumsah brothers, Ibrahim and Tijjani. Justice Muawiyah Idris, in his submission, denied the motion of the defence counsel to dismiss the case and adjourned the case to April 30. Ibrahim Tumsah and Tijani Tumsah are ...

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