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Tag Archives: Central Bank of Nigeria

Nigerian Govt Urged To Penalise National Housing Fund Act Violators

National Housing Fund Act

Some stakeholders in the housing sector on Tuesday in Abuja called for stiffer penalties against violators of the National Housing Fund (NHF) Act. They made the call at a two-day public hearing on a motion on the need to ensure full compliance with the National Housing Fund Act for effective housing delivery in Nigeria. Mr Oluseyi Lufadeju, a trustee at ...

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Dogara advocates private sector participation to tackle housing deficit in Nigeria

Housing Deficict

Speaker of the House of Representatives, Hon. Yakubu Dogara has called for increased private sector participation in order to address the national housing deficit and pledged the commitment of the House towards enacting the required legislation. Speaking at a public hearing by the House Committee on Housing on a motion and four bills related to the National Housing Fund and ...

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Tinubu proposes a seven-point agenda to revive the economy

Tinubu proposes a seven-point agenda to revive the economy

“National Leader of the All Progressives Congress (APC), Senator Bola Tinubu, has proposed a seven-point agenda, which he said, would revive the country’s troubled economy and drastically reduce her dependence on petrodollars.”- This Day Tinubu explained that the development of a national infrastructure plan; the return of commodity exchange boards and the promotion of government-backed housing programmes were important measures ...

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Financial experts endorse movable assets as collateral at CIBN forum

movable assets as collateral

“The signing into law of the bill for using movable assets as collateral, popularly known as Collateral Registry Act has been described as moves in the right direction, by financial experts.”- The Guardian The law, which came on the realization that small business, estimated to have employed over 60 million Nigerians and accounted for 48 per cent of the nation’s ...

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Manufacturing sustains expansion for 6 months – PMI

Manufacturing sustains expansion for 6 months – PMI

“The Manufacturing Purchasing Managers Index (PMI) for September, released by the  Central Bank of Nigeria (CBN), yesterday, stood at 55.3 index points in September 2017, indicating expansion in the manufacturing sector for the sixth consecutive month.”- Daily Trust The Index reflects a 1.7 per cent growth from the 53.6 recorded in August. “The sustained uptrend reflects growth of new orders, ...

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REDAN, CBN Brainstorm on Real Estate Data Collation

REDAN, CBN brainstorm on real estate data collation

Daily Trust reports that the Real Estate Developers Association of Nigeria (REDAN) Tuesday  conveyed a stakeholders meeting in  Abuja  to proffer solutions to the problem of collating data for the real estate and housing sector in Nigeria. Stakeholders in attendance included  directors from the Central Bank of Nigeria, the Federal Ministry of Power Works and Housing, the Federal Mortgage Bank ...

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11th Abuja Housing Show to feature 400 exhibitors

Tackling housing challenge in Lagos

“In the bid to promote affordable housing in Nigeria, not more than 400 local and foreign exhibitors will feature in the 11th Abuja Housing Show, says its convener, Fesadeb Communications Ltd. Mr Festus Adebayo, Managing Director of the organisation, told the News Agency of Nigeria (NAN) in Abuja on Friday that the exhibitors would come from Nigeria and 10 foreign ...

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How budget delay hinders housing delivery, by stakeholders

Lagos hands over 200 rent-to-own homes

According to The Guardian, Stakeholders in the built sector say the delay in passing the 2017 budget which is making uncertain the amount of money to be spent in the industry may impact negatively on housing delivery this year. The country has between 17million and 18 million housing deficit and will need one million houses yearly to fill the gap. ...

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PENCOM to Invest N2.32 trillion in Infrastructure by 2019

PENCOM

The National Pension Commission, PENCOM said on Tuesday it planned to deploy at least 40 per cent of the total pension funds in the country (about N2.32 trillion) into investments in infrastructure development by 2019. Total pension assets in Nigeria stood at N5.8 trillion as at July 2016, and accounted for about 6 percent of the country’s gross domestic product (GDP). The ...

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Top 5 Most Beautiful Buildings In Nigeria

most beautiful buildings

There are many beautiful buildings in Nigeria and picking the top 5 most beautiful buildings among the numerous beautiful ones was always going to be a hard nut to crack. But we cracked it anyways, its now left for you to either go with this list or you go ahead and develop yours. This article reveals the top 5 most ...

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