“A new electricity regulation that would boost meter supply for consumers nationwide would become operational next month, Minister of Power, Works and Housing, Babatunde Fashola, has said.”- PM News Fashola disclosed this on Thursday in Lagos at a Policy Dialogue on the Power Sector organised by the Lagos Chamber of Commerce and Industry (LCCI). The minister said that the regulation, ...

“The Manufacturing Purchasing Managers Index (PMI) for September, released by the  Central Bank of Nigeria (CBN), yesterday, stood at 55.3 index points in September 2017, indicating expansion in the manufacturing sector for the sixth consecutive month.”- Daily Trust The Index reflects a 1.7 per cent growth from the 53.6 recorded in August. “The sustained uptrend reflects growth of new orders, ...

“The Federal Mortgage Bank of Nigeria (FMBN) has engaged the assistance of the Nigeria Deposit Insurance Corporation (NDIC) for the recovery of its funds trapped in distressed Primary Mortgage Banks (PMBs) and liquidated commercial banks in the country.”- The Guardian Already, FMBN has received and executed agreements in respect of six out of eight distressed Primary Mortgage Banks and hopes ...

Independent says that the United Nations has designated the first Monday of October of every year as World Habitat Day. The theme for World Habitat Day 2 October 2017 is Housing Policies: Affordable Homes. In a statement by Dr. Joan Clos, Un-Habitat Executive Director, the purpose of World Habitat Day is to reflect on the state of our towns and cities, ...

“Wema Bank promotes home ownership for youths. It has reiterated its commitment to give the millennials (the youths) the opportunity to save and have their own homes, own cars or go on vacation.”- The Nation Armed with over seven decades experience on providing banking services, Wema Bank introduced an insight-driven, innovative digital offering to Nigerians earlier in the year. The ...

Most of the monuments, historical buildings and sites that still exist in Nigeria are of immense significance, albeit many of them are not well preserved and there is lack of documentation. In this article we focus on the preservation and maintenance of our monuments, historical buildings and sites. Earlier in the year, Lagos State Governor, Mr. Akinwunmi Ambode expressed the ...

Premium times reports that a Septuagenarian, Shakin Oworu, allegedly defrauds hair care company to acquire property. He was on Wednesday charged at an Igbosere Magistrates’ Court in Lagos. Mr. Oworu, aged between 70 and 79, was arraigned alongside his daughters, Bukola ‎Opara (Née Oworu) and Nasiru Ismaila, on a four-count charge of conspiracy, forgery, stealing and receiving stolen property. The ...

“As the world is preparing towards celebrating the World Habitat Day, scheduled for next week Monday, some residents in Lagos State are crying out against unlawful takeover of their landed property by the state government without due consultation and compensation.”- Independent Representatives of  Idotun  family in Ibeju Lekki Local Government Area of Lagos State, said it is unfortunate that as ...

I managed to flee from my brother’s wrath and his evil intent which I didn’t even bother to have an inkling about. There were few times I had seen Timi with such look on his face during our growing up years, and those times I ended up brutalized. It was usually a murderous rage that if left untamed could wipe ...

“As the Federal Government explores innovative options for infrastructure financing, cement manufacturers have advocated a cultural shift in the way roads are being constructed as part of measures to ensure cost management and sustainability of projects being executed.”- The Guardian According to operators in the industry, embracing a cultural shift in road designs and construction will aid local content development ...