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Bank loans to real estate industry drop by N162bn

real estate

Credit allocation by banks to the real estate industry has maintained a downward trend in the last year. Data obtained from the National Bureau of Statistics showed that the industry got about N622bn out of the N15.13tn credit to the private sector in the last quarter of 2018. The amount, which accounted for 4.12 per cent of the total credit ...

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Armed men burn houses in Kaduna

Kaduna – A community leader, who did not want to be mentioned, told newsmen that the attackers were on their way to a nearby community after wreaking havoc in Angwan Barde. The attack is coming barely 12 days after 40 people were killed and several houses burnt in Karamai village, still in Kajuru local government area. “Gunmen has killed and ...

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Lagos airport road project almost 75% completed

airport road

The contractor handling reconstruction of Oshodi-Murtala Muhammed International Airport Road, Messrs Hi-tech Construction Company, has disclosed that the six kilometres project is at about 75per cent completion, assuring residents of quality job. The Project Manager, Sachi Ramsunder, who spoke during a technical visit by members of the Nigerian Society of Engineers (NSE), Ikeja Branch, explained that with enough commitments, the ...

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Deaf students protest encroachment of land by govt

deaf students

Students of Christian Mission School for the Deaf, Ibadan, Oyo State on Friday protested against the acquisition of five hectares from the 16 hectares of land bought by the mission for the establishment of the first university for the deaf students in Africa. The protest was staged on the site of the proposed deaf university, opposite First Technical University, Ibadan, ...

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Oyetola urges private sector to partner FG on road infrastructure

road infrastructure

Governor Gboyega Oyetola of Osun State has urged the public sector to continue to join hands with the government in the provision of road infrastructure. He affirmed the commitment of his administration to the delivery of economic development through provision of facilities for the use of the people. The governor, who described good road network as a catalyst for economic ...

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Property developers must abide by FCT laws – AMMC

Property developers

The coordinator, Abuja Municipal Management Council (AMMC), Umar Shuaibu, has said there are basic laws that property developers in the Federal Capital Territory should know in order not to fall foul of the Department of Development Control. Speaking in an interview with Daily Trust, Shuaibu said property developers need to know whether their properties are residential or commercial and whether ...

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FG to close land borders ahead Saturday’s Governorship Election

governorship election

The federal government through Minister of Interior, Lt. Gen. Abdulrahman Dambazau (rtd), has ordered all land borders be shut down ahead the governorship election which will take place on Saturday. Newsmen gathered that the closure of all land borders will be effective from 12:00 noon on Friday, March 8, to 12:00 noon on Sunday, March 10, 2019. Dambazau said the ...

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Former CBN governor, wife buys N15.6bn property in UK


Paul Ogwuma, former governor of the Central Bank of Nigeria (CBN) and his wife have acquired property worth £33 million (N15.6 billion), a UK investigative journalism magazine has revealed. According to the magazine, Private Eye, Ogwuma, who served as CBN governor for six years has “amassed a £33m British property empire”. In its report titled “Abuja on Thames” the paper ...

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Badagry youths condemn neglect of Lagos-Badagry-Seme road


Lagos – A youth group, Hengo Badagry Youth Association, has condemned the neglect of the Lagos- Badagry- Seme Expressway and the Owode-Apa- Asheri Road, which has degenerated to deep pits causing traffic gridlock, as well as avoidable accidents and deaths. The group noted that the roads have formed safe haven for armed robbers, black spots for extortions and harassment by ...

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Three remanded for assaulting Ikeja Electric workers

Ikeja Electric

A middle-aged man, Abiodun Makinde, has been arrested by operatives of the Lagos State Police Command, for allegedly beating up a worker of a power distribution company, Ikeja Electric, Oluwaseun Onate, while performing his duties on Aberuagaba Street in the Oshodi area of the state. Newsmen gathered that Onate was effecting a disconnection order on customers who defaulted in the ...

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