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Yearly Archives: 2018

Property worth millions of naira lost as fire razed ECWA church

ECWA

Fire outbreak razed First ECWA Church Complex in Gusau, Zamfara state, the Associate Pastor of the Church, Mr Micah Liti has confirmed. Liti, who spoke with the News Agency of Nigeria (NAN) in Gusau on Monday, said the fire started around 1 a.m on Monday when the Kaduna Electricity Distribution Company (KEDCO) restored electricity. According to him, the complex of ...

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Kogi state infrastructure is an Eyesore – Umoru

Kogi

The state of infrastructure development in Kogi State is disheartening, says Chief Sunday Umoru in a press statement released by his spokesman – Honorable Collins Onogu following claims by Governor Yahaya Bello that Kogi State is now more developed than it was with the past administration via telecommunication with Mr. Seun Okinbaloye of Channels TV, the host of Politics Today. ...

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Road projects across the country will boost the economy – FG

Road projects

The Minister of State for Power, Works and Housing, Alhaji Suleiman Hassan, has said that on-going road projects across the country by the Federal Government will boost agriculture and enhance the economy. Hassan said this in an interview with newsmen in Gombe yesterday. He said that the Federal Government was committed to improving roads, rail lines and waterways to enhance ...

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EDO: FG set to deliver 24 housing units before end of 2018

Edo

The federal government has promised that 24 housing units being constructed as part of the National Housing Programme in Edo State will be delivered before the end of 2018. The Zonal Director of the ministry, Mr. Daminabor Oko-Jaja, made the disclosure recently at an assessment of on-going construction at Idumwu-Ehigie in Uhunmwode Local Government Area of the state. According to ...

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Mortgage bank loans to real estate soar but housing deficit lingers

real estate

Mortgage and commercial banks’ lending to the real estate sector has continued a steady growth in the last three years despite the downturn in the economy, a sectorial breakdown of banks’ credit to the private sector has shown. Banking credit to private sector data sourced from the National Bureau of Statistics (NBS) and a survey of developers showed that the ...

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 Infrastructure development will attract large investments – CIBN

investment

The Lagos State Branch Chairman of the Chartered Institute of Bankers Nigeria (CIBN)/Managing Director, Brent Mortgage Bank, Kola Abdul, has said that improved rail system and energy sector which includes power transmission, gas and petrol, have huge potentials to attract and retain large investments. While speaking at the yearly general meeting of the Lagos Chapter of CIBN, in Lagos, Abdul ...

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Would you rather live in Lagos or Abuja?

Would you rather live in Lagos or Abuja?

There has always been controversy between Lagos and Abuja residents over which city is the most conducive to reside. Those who live in both cities never cease to share their varied opinions about this. Abuja residents always claim to be more classy and calmer than Lagosians while Lagosians on the other hand claim to be the heart of the nation. ...

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Delta approves construction of four roads in Asaba

Delta

The Delta State Government has approved the construction, rehabilitation and asphalt overlay of four roads in Asaba, the capital territory. This was part of the decisions taken during the State Executive Council meeting held inside the Government House, Asaba. Commissioner for Information, Mr. Patrick Ukah, who spoke after the meeting listed the approvals to include the rehabilitation and asphalt overlay ...

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Lagos partners O’dua investment group, acquires 115m shares

Lagos State Governor

The six governors in the south-west have formally admitted Lagos state into the O’dua Investment Group. Akinwunmi Ambode, the state governor, announced the development on Wednesday, via a statement by Habib Aruna, his chief press secretary. Incorporated as a limited liability company in July 1976, O’dua Investment Company Limited has business interests in Oyo, Ogun, Ondo, Osun and Ekiti states. ...

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Federal high court forfeits property linked to NIMASA

NIMASA

A Federal High Court Sitting in Lagos has ordered the temporary forfeiture of the sum of N11,040,000.00 belonging to the Nigerian Maritime Administration and Safety Agency (NIMASA). Justice Muslim Hassan granted the orders following an ex parte application made by one, Idris Mohammed, a prosecutor with the Economic and Financial Crimes Commission (EFCC). The money, which is suspected to be ...

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