Tag Archives: COVID-19

The Federal Government is on the march again, looking for money. Days ago, it charged the Federal Inland Revenue Service (FIRS) to mandate all property owners and agents in the country to begin to charge six per cent stamp duty on all tenancy and lease transactions. Proceeds of such transaction, the agency said, have to be remitted promptly.  As expected, ...

The Bayelsa Government has sealed six churches in the state for breaching ”operational protocols” required to conduct services during the COVID-19 pandemic. It was reported that the state government on May 7, relaxed its restriction on social gatherings and allowed churches to hold services with up to 50 worshipers. The relaxation was granted, subject to compliance to strict conditions on ...

Notwithstanding the positive outlook for the Nigerian property market in 2020, the COVID-19 pandemic has impacted negatively on the market, leaving property investments in disarray. With the disruption, home buyers are still hesitant to buy. For them, the period was not ripe to invest as they don’t know how long the pandemic will last and are adopting a survival strategy. ...

NHF loan – As the Coronavirus pandemic (Covid-19) ravages the world with its impact on economy and wellbeing of individual households, experts in real estate are seeing declining liquidity and prioritisation of consumption as major factors that may affect activities in the industry. They also proposed a three month processing time for the National Housing Fund (NHF loan) to ease ...

The Presidency has reiterated that the latest Abacha loot will be deployed for the construction works on Lagos to Ibadan highway in the South-West, Abuja to Kano road in the North and Second Niger bridge in the eastern part of the country. It also said part of the funds will also be invested in the Mambilla Power Project. Nigeria and ...

The Nigeria Centre for Disease Control (NCDC) through its Director-General, Chikwe Ihekweazu, recently called on the private sector to support the Centre as Nigeria battles the scourge of the global Coronavirus pandemic. In response, a number of organisations have tendered their support by donating funds, critical medical equipment and infrastructure. Guaranty Trust Bank erected and donated a 100-bed fully equipped ...

In a development that shows faith in the huge potential of the Nigerian economy despite the global economic meltdown caused by the COVID-19 pandemic, Lekki Port LFTZ Enterprise Limited (LPLEL) has received the infusion of $221,047, 248 (N83.997 billion) equity funding from China Harbour Engineering Company (CHEC), one of the shareholders of the Lekki Deep Sea Port Project, currently under ...