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Yearly Archives: 2016

Wood Exporters, 13 states governments move to regenerate Nigeria’s forests

Wood Exporters, 13 states governments move to regenerate Nigeria’s forests

The Tropical Wood Exporters Association of Nigerian (TWEAN) in conjunction with thirteen state governments, have commenced moves to regenerate Nigeria’s forests. Vanguard reports that the exporters have adopted a policy of planting seven trees for every tree that is cut, which is higher that the federal government policy of plating two trees for every tree that is. According to Vanguard, TWEAN ...

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NMRC plans informal sector Uniform Underwriting Standards

NMRC plans informal sector Uniform Underwriting Standards

The Guardian reports that the Nigeria Mortgage Refinance Company (NMRC) has moved to develop a Uniform Underwriting Standards for the informal sector, which will benefit potential borrowers working in the informal sector and enable them to purchase homes from developers at an affordable cost. According to The Guardian, the Managing Director of the company, Prof. Charles Inyangete who disclosed this at ...

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6 Facts and Myths about Real Estate Investing

real estate a good investment

Real estate investing may be a big deal, but the rules governing it are simple. Buying a house or a property should be a very wise and calculative step otherwise you can get into procuring an inappropriate and inadequate house that falls short of your housing needs. This article suggests 6 Myths and Facts about real estate investing that can ...

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Lekki Gardens repositions, assures clients and stakeholders of safe investment

Lekki Gardens repositions, assures clients and stakeholders of safe investment

The management of Lekki Gardens Estate Limited has assured its clients and stakeholders that their investment is safe and appreciating in value, despite the current economic downturn. The firm also made it known that it has repositioned to ensure timely delivery of quality and affordable housing in the country. Vanguard reports that the Managing Director/Chief Executive Officer of Lekki Gardens ...

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NMRC records N482 million profit

NMRC plans informal sector Uniform Underwriting Standards

The Nigeria Mortgage Refinance Company (NMRC) recorded a profit of N482 million for its operations in 2015, which is a substantial increase over the N160 million profit it declared in 2014. Also, the company recorded increase in its total assets, rising to N39.01 billion in 2015 from N10.6 billion in 2014. Vanguard reports that this was disclosed at NMRC’s  2nd ...

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Housing deficit: Real Estate Firm launches ‘The Palms & Residences’

population and habitation in Lagos

Owing to the situation of housing deficit in Nigeria, a Lagos-based real estate development company, Sage Homes, has launched a housing project known as The Palms Resort & Residences, a luxurious, resort-cum- residential upmarket development located in the Lekki Free Trade Zone area of Lagos State. Vanguard reports that the development, modeled on the iconic Palms Jumeirah in Dubai, covers five hectares ...

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Youth leaders in Niger Delta tasks FG on 500,000 job projects

Federal Government awards contract for Niger Bridge

Youth leaders in the Niger Delta on the platform of Niger Delta Ethnic Nationality Youth Leaders, have urged the Federal Government to urgently commence the construction of Gas Revolution Industrial Park, GRIP Project, Ogidigben, Delta State, Export Processing Zone, Cross River State, Brass Fertilizer Project in Bayelsa State and the Nigerian Maritime University, NMU, in Warri South-West Local Government Area in ...

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National Waste Management conference to hold in Lagos

FG partners Morocco on renewable energy

The Guardian reports that the maiden edition of the National Waste Management conference will hold at the Civic Centre, Victoria Island early next month. The newspaper adds that the conference which is organised by InterMarc Consulting, reinforces the need for national policy on waste and engender the need for a national stakeholder partnership for the overall agenda of the Sustainable ...

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Lagos State land transactions down by 30 per cent

Elliot commends Ambode over Upgrade of Akodo Resort

The economic recession in the country has negatively impacted Lagos State’s Lands Bureau by slowing down land transactions to a record low of 30 per cent. The Guardian reports that, last year, the state authorities slashed various rates applicable to land transactions from 13 per cent to three per cent. For instance, consent fees was reduced from six per cent to ...

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Senate passes North-East Development Commission Bill

Senate probes alleged irregularities in award of road contracts by BPP

Reports show that the Senate has passed the North-East Development Commission Bill which empowers the Federal Government to set up a commission to rebuild the North-East region, following its devastation by Boko Haram insurgents. Vanguard reports that with the passage of the Bill, states in the North-East where members of Boko Haram insurgents have engaged in wanton destruction of property and ...

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