“Saidu Babayo, Head of Non-interest Banking, Stanbic IBTC Bank Plc, speaks on the factors driving the huge demand for non-interest banking investment products across the continent and the prospects for such products in Nigeria. GOING by the oversubscription to the $100m sukuk issued by the African Finance Corporation there seems to be strong appetite for Islamic Banking or non-interest banking ...

Magistrate Wahab Balogun of Court 7, Lagos State Magistrates’ Court, Igbosere granted N50 million bail conditions to 10 land grabbers who pleaded ‘not guilty’ to four count charges against them. According to PM News, Balogun, who pronounced the bail conditions when 10 land grabbers were arraigned before the court said  “each of the accused is granted a bail in the ...

“Nigerians construction industry may soon start to experience series of building collapses as indications emerged that many housing developers are now compromising quality in the delivery of housing units. LEADERSHIP findings in Lagos and Ogun States revealed that astronomical rise in the prices of building materials caused by a cost-push inflation that has driven commodity prices beyond the reach of ...

The Guardian reports Members of the Association of Estate Agents in Nigeria (AEAN) have brushed aside political and economic challenges that have plagued the Nigerian nation, agreed to embrace new innovation and imbibe the culture of research. Stakeholders in the real estate sector, expressed some of these views at the second yearly conference of The Association of Estate Agents in ...

Practitioners have been called upon to adopt the principles of corporate governance in order to improve the real estate sector. The Guardian reports that corporate governance is a concept by which companies and organisations and those in the helm of affairs are held to account or liable for failure of effective corporate governance structures. According to The Guardian, the Chairman, ...

“Kola Aluko, a Nigerian oil mogul, wanted by the Economic and Financial Crimes Commission is owing the City of New York some overdue property tax. The New York Post said the $25,000 tax is over Aluko’s 79th floor penthouse at One57 in Manhattan which he bought for $51 million in 2014. The penthouse has four bedrooms, four-and-a-half baths, 6,240 square ...

“A pending bill before the Akwa Ibom House of Assembly aimed at taxing property owners in Uyo, the state capital, has become a subject of controversy among the lawmakers and the ordinary citizens alike. Known as Real Property Charge Bill, 2016 and sponsored by a member representing Esit Eket/Ibeno, state constituency, Usoro Akpanusoh, opposition to the bill has come from ...

Business Day reports that furniture makers and other players in the wood industry in Nigeria are asking the Federal Government to float a single-digit intervention fund that will enable them purchase modern technology for wood treatment. Furniture makers made this demand through the Manufacturers Association of Nigeria (MAN), urging the Nigeria Customs Service (NCS) to ensure effective enforcement of prohibition ...

Construction of a Nigeria-Cameroon bridge has been approved by the Federal Government on Wednesday at a cost of $40 million. According to The Independent, It also announced a bold plan to kick-off its green economic policy. The decision followed a successful review of its National Policy on Environment formulated in 1991 and last revised in 1999. The green policy initiative is ...

In recent times there has been a dramatic increase in the costs of building materials in Nigeria, and this development threatens the performance of the construction industry. This article assesses the implications of the recent rising cost in building materials. Building materials have been playing an important role in the construction industry—they are those materials put together in erecting or ...