Real Estate

The Central Bank of Nigeria on Wednesday gave a notification to revoke the operating licences of 182 other financial institutions in the country. According to the list released by the regulator on Wednesday, 154 of the affected institutions are microfinance banks; six are primary mortgage banks; while the remaining 22 are finance companies. The CBN said 62 of the microfinance ...

The country’s paints industry is not contributing enough to the Gross Domestic Product (GDP), according to Berger Paints Nigeria Plc. This was the opinion of the Managing Director/Chief Executive Officer, Berger Paints Nigeria Plc, Peter Folikwe on Tuesday at the Facts behind the Figures presentation at the Nigerian Stock Exchange (NSE). According to Folikwe, the low investment in the country’s ...

Alhaji Salisu Na-Allahu, Chairman, Maiadua Local Government Area in Katsina State, has commended the Federal Government for constructing 10.5 km drainage network in the area to prevent flooding. Na-Allahu gave the commendation in an interview in Maiadua on Tuesday that the project, which will soon be completed, was financed by the Ecological Fund Office. He said the drainage would provide ...

Work on the Apapa-Wharf Concrete Road has been completed, according to a senior engineer with the AG Dangote Construction Company Ltd and contractors handling the project. With the completion of the road, gridlock on the Apapa Road is expected to ease. A correspondent who visited the site on Tuesday, reports that the four-kilometer dual carriageway, built with cement, has median, ...

The Dangote Oil Refinery jetty located at the Lekki Free Trade Zone, Lagos has received its first ship call. The ship named: “BBC Naples”, berthed at the new jetty on Sunday evening to deliver essential equipment for ongoing construction work at the Dangote Refinery. The 132 meters long, 9,755 tonnes general cargo ship is operated by BB Chartering, while Hull ...

The federal government yesterday disclosed that it would launch a gas infrastructure revamp programme in November. The project is said to have the potential of attracting between $20 billion and $30 billion of investments into the petroleum industry and could also help address the infrastructural deficiencies in the industry. Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, disclosed this ...

Minister of Transportation, Rotimi Amaechi has said that the Federal Government has developed trade support infrastructure to boost trade between Nigeria and other countries. This was contained in a statement by Mr. Muhammad Idris, Director, Press and Public Relations, Nigeria Shippers Council on Tuesday in Abuja. Amaechi made this known at the opening of a two-day Sub-Regional Workshop and Joint ...

Farmers in Benue State have lost about N25bn to herdsmen attacks within the last nine months. Chairman, Benue State All Farmers Association of Nigeria, Aondoana Hembe, stated this on Tuesday while speaking to our correspondent on the phone. Hembe said that the loss covered crops, farmlands and other property belonging to farmers. He further said that some of the farmers ...

About 70% of the Federal Capital Territory (FCT) citizens are living in the slums, according to a senatorial aspirant Mr. Olanrewaju Lawrence. Mr. Lawrence, who is contesting on the platform of Abundant Nigeria Renewal Party (ANRP) for a Senatorial seat in FCT in the 2019 general elections, said the situation was caused by past leaders who refused to plan well ...

Flustered by the activities of impostors and foreign competitors in estate agency practice, experts have called for the adoption of strategic and innovative ways of doing the business for prosperity of the industry. They want Nigerian Institution of Estates Surveyors and Valuers (NIESV) members to offer value rather than focusing on profit optimisation. The participants were also urged to develop ...