Home » Tag Archives: investment (page 4)

Tag Archives: investment

FG invests N16.6 billion Sukuk bond on roads in South East

South East Sukuk Bond

The Federal Government is investing N16.6 billion of the N100 billion Sukuk Bond for rehabilitation of some roads in the South East geopolitical zone. The News Agency of Nigeria (NAN) reports that the Federal Government had in October, 2017 released the proceeds of the N100 billion Sukuk bond to 25 key economic road projects across the country. The Director of ...

Read More »

Developer pledges to complete New Ogba shopping complex in 18months

shopping complex

Following the flag-off of the new Ogba Multipurpose Shopping Complex, initiated by the present Chairman of Ojodu Local Council Development Authority, Olumuyiwa Julius Oloro,  a property developer, Kehinde Fajana, and  CEO of Eliezer Investments Limited, it was promised that the complex will be delivered on time. Financed by Jubilee Life Mortgage Bank, Fajana said Eliezer Company intends to project the ...

Read More »

Federal Government invests N6 billion in infrastructure

Federal Government invests N6 billion in infrastructure

The Federal Government has invested over N6 billion to develop infrastructure at the Maritime University, Okerenkoko, Delta State. In 2017, President Muhammadu Buhari approved an increase in the take-off grant allocated to the university from the N2 billion earlier announced to N5 billion. This sum was included in the 2018 budget presented to the National Assembly in November 2017. Similarly, ...

Read More »

Real estate experts urge FG to establish housing microfinance

Real estate experts urge FG to establish housing microfinance

Perturbed by the high level of homelessness among Nigerians, the Federal Government has been urged by real estate experts to establish a housing microfinance fund or shelter fund to provide affordable houses for those in need of accommodation. Establishment of housing microfinance fund, according to Social Housing Activist and International Housing Finance Specialist, Mr. Adekunle Faleti, will enable low-income earners ...

Read More »

Industry experts bemoan Nigeria’s low investment in infrastructure

Industry experts bemoan Nigeria’s low investment in infrastructure

Low tax revenues, huge obligatory spending and higher local currency debt amounting to 350 per cent have been adduced among reasons Nigeria has low investment in infrastructure development. Decrying the situation, renowned Chartered Accountant and current Chairman of the Lagos State Economic Advisory Committee Mr. Bode Agusto, pointed out that years ended 2016, Nigeria only invested 2.1 per cent of ...

Read More »

Infrastructure in Nigeria will take a new turn in few years- Osinbajo

Infrastructure in Nigeria will take a new turn in few years- Osinbajo

The federal government has said that its newly launched Economic Recovery Growth Plan (ERGP), focus lab would help the country attract $24 billion worth of investments in few years, saying 80 per cent of the amount is expected to come from the private sector of the economy. Vice President, Professor Yemi Osinbajo disclosed this on Thursday in Agbara, Ogun State ...

Read More »

Nigerian underwriters experience a boom in real estate investment

Nigerian underwriters experience a boom in real estate investment

Nigerian underwriters have continued to experience a boom in real estate investment in industry increased by N5 billion from N98.11 billion to N103.51 billion within a period of one year. According to the balance sheets prepared by the regulator, National Insurance Commission (NAICOM), five underwriting firms failed to pick interest in the blossoming real estate sector, while Mutual Benefits Assurance ...

Read More »

Investors holding back on the Nigerian property market despite opportunities

Investors holding back on the Nigerian property market despite opportunities

Despite the huge opportunities and market potential, investors are still holding back on investment in the Nigerian property market. Analysts cited the slowdown in the economy and the significant decline in consumer purchasing power as a major concern. They believed that investment in the market, has also been impacted heavily by government’s anti-corruption fight which has been enhanced by the ...

Read More »

Magodo fast becoming a destination of choice for investors and renters

Magodo

“Although, Magodo, one of the highbrow estates in Lagos has recently been making headlines for the wrong reasons, property experts and developers believe the location is fast becoming a destination of choice for investors and renters.”- The Guardian The high demand for property and renters within the estate, they said, was indicative that the estate is inhabited by upward mobile individuals, ...

Read More »

Mistakes of a Real Estate Investor

Mistakes of a real estate investor

Though real estate investment can be highly profitable, it can as well be tricky and quite complex. In this article, we would take a look at common mistakes of a real estate investor in an attempt to break the banks. Even in our present recession people are still investing in real estate, foreclosure crisis persists and mistakes are still being ...

Read More »