The Board of Directors of Federal Mortgage Bank of Nigeria (FMBN) has engaged KPMG, a leading management consulting and business improvement firm, to provide top-level corporate advisory services for the bank. The MD/CEO of the FMBN, Arc. Ahmed M. Dangiwa revealed the development during the 2019 management and board Annual Retreat, which held recently in Uyo, Akwa Ibom. The move, ...

President Muhammadu Buhari has solicited the support of the Islamic Development Bank to address Nigeria’s infrastructure deficit. The President’s spokesman, Femi Adesina, said this in a statement. Adesina said the President made the call during a bilateral meeting with Dr. Mansur Muhtar, Vice President, Islamic Development Bank on the margins of the AU Summit in Niamey, Niger Republic. According to ...

Ganduje disclosed this on Saturday when he paid a condolence visit to the Emir of Kano, Alhaji Tafida Abubakar, over the death of his son, Alhaji Aliyu Tafida. The governor assured that all the hospitals would be equipped with the state-of-the-art equipment to cater for all the medical needs of the emirates. According to him, such hospitals would take away ...

Over 300 residents/families of Victory Park Estate sitting on about 33 hectares of land in Osapa London, along Lekki-Epe Expressway, Lagos have called on President Muhammadu Buhari to intervene over plans to evict them from their properties. Speaking with journalists in Lagos, their solicitor, Mr. Benjamin Atebe urged Buhari to call concerned authorities to order, as they had brought upon ...

Leverage is the use of various financial instruments or borrowed capital to purchase and/or increase the potential return of investment—the term is used on both Wall Street and in the Main Street real estate market. The easiest example for real estate is a mortgage, where you’re using your own money to leverage the purchase. In most cases, a 20% down ...

Out of the total N9.03tn pension assets as of March 31, 2019, about N6.5tn, representing 72.06 per cent of the entire fund, was invested in Federal Government securities by Pension Fund Administrators (PFAs). The figures are contained in a report for the industry obtained by our correspondent on Friday from the National Pension Commission. An analysis of the report showed ...

The Pentecostal Fellowship of Nigeria, Ojo Province, has called on the Lagos State Government to repair bad roads in the area or face protests by youths, attributing auto crashes in the area to bad roads. The Chairman of the PFN and General Overseer, Dominion Gate Ministries International, Ojo Province, Apostle Patrick Utulu, made the call at a press conference in ...

Governor Seyi Makinde of Oyo has alleged that the last administration in the state awarded a contract to a contractor with untraceable office address to the Moniya-Iseyin road for the sum of N7billion. The governor who disclosed this after taking a tour of the Moniya-Iseyin road said N2 billion out of the total contract sum was paid to the ‘faceless’ ...

The Bayelsa State Broadcasting Corporation, Glory FM, 97.1 on Tuesday, was gutted by fire, leaving the organisation with damaged property worth millions of naira. A presenter who was on duty, Victor Binawari, told journalists in Yenagoa, the state capital that the fire was ignited by a spark from the station’s control room in the early morning. Mr. Binawari said some ...

The police have arrested one Thompson David, 27, of No. 21 Abeokuta Street, Bariga, Lagos, for burgling a house. David was said to have scaled the fence of No. 15 Oyenuga Street, Akoka, Bariga, and stole property worth N95,000 from the apartment of one Richard Ifediora. An eyewitness, identified simply as Babajide, said there had been a high rate of ...