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Rivers overtakes Lagos as top investment destination, invests in mining, real estate


The investment profile report by the Nigeria Investment Promotion Commission (NIPC) shows that Rivers state received the largest investment in the first half of 2018. According to the report, a total of $45.74 billion was invested for 42 projects in nine states and the Federal Capital Territory (FCT). The sectoral analysis of the investment profile showed that mining and quarrying ...

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Ambode gives contractors four weeks ultimatum to fix potholes


Gov. Akinwunmi Ambode of Lagos State has directed the state Public Works Corporation to fix potholes on major and inner roads across the state within the next four weeks. The Commissioner for Works and Infrastructure, Mr. Ade Akinsanya, said this on Friday, during an inspection of the ongoing Pen Cinema bridge in Agege area of the state. Akinsanya said the ...

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Property Insurance: Why It Is Important To Insure Your Home In Nigeria

Property Insurance Home Insurance House Insurance

Owning a home with no property insurance can be likened a bit to driving a car without a seat belt in place. An accident could happen anytime. For most Nigerians, acquiring (or building home) is probably the biggest investment they will ever make. Becoming a landlord is the ultimate Nigerian dream. Everyone wants a piece of property to rightfully call ...

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FG commences upgrade on Housing Estates across the country

Housing estates

The Federal Government yesterday unveiled its plans to upgrade and maintain all the Housing Estates across the country. Under this programme, which is tagged: “Intervention of Urban Renewal”, all the housing estates built by the federal government and private individuals would be captured. To kick off the programme, which is supervised by the Federal Housing Authority (FHA), the Minister of ...

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Nigeria needs $3tr to bridge Infrastructural Gap – Wabba


The Nigeria Labour Congress says Nigeria will need $3 trillion in the next 26 years to bridge the infrastructural gap in country. Ayuba Wabba, NLC president, said this at the Infrastructural Summit of the 40th Anniversary of the National Union of Civil Engineering Construct, Furniture and Wood Workers on Thursday in Abuja. The theme of the anniversary is: “Role of ...

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Nigeria’s weak Q2 GDP raises concerns for economy


About a week before the National Bureau of Statistics (NBS) released second quarter 2018 Gross Domestic Product (GDP) data, the Statistician-General of the bureau, Dr. Yemi Kale, had hinted that the numbers would fall short of expectations. He reportedly stated that apart from the political and economic uncertainty over the general elections in 2019, what is contributing mainly to slow ...

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Minister bemoans deplorable state of FHA Lugbe roads


The Minister of State II for Power, Works and Housing, Surv. Suleiman Hassan Zarma has lamented the deplorable condition of road and drainage infrastructures at the Federal Housing Authority (FHA) estate, Lugbe, attributing it to critical failures of the planning authorities in time past in upgrading them, giving room to the flagrant abuse of planning regulations by residents. Zarma stated ...

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How To Find The Best Property Manager For Your Property In Nigeria

Property Manager

Being a landlord in Nigeria can be a difficult job, especially if you have decided to put up your property for rent. Aside from having to sift through potential tenants, promote and manage your property, you also have to ensure that you can maximize your return on investment without breaking the law or allowing your properties to fall into disrepair. ...

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AfDB secures $1b for infrastructure development


The African Development Bank (AfDB), along with some partners across the globe, has announced the securing of $1bn to enable investment in infrastructure development across the African continent, including Nigeria. The announcement, which was made in Ottawa, Canada, according to a statement made available to our correspondent by the AfDB, listed the partners in the multi-level securitisation to include the ...

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Affordable homeownership will drive growth to the economy – FMBN


The Coalition of Civil Societies and Media Executives for Good Governance in Nigeria (COCMEGG) has lauded the Federal Mortgage Bank of Nigeria (FMBN) for making homeownership affordable, available and less cumbersome to Nigerian workers. The affordable home ownership according to the group will drive growth of the economy. A statement issued in Abuja and signed by the president, Omoba Kenneth ...

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