Tag Archives: Nigerian economy

Vice President, Prof. Yemi Osinbajo, has urged Canadian investors to explore the opportunities that abound in Nigeria’s education, health and transport sectors. Osinbajo made the call while declaring open the Nigeria-Canada Investment Summit 2018 on Monday in Abuja. The theme of the 2-day summit is: “Fostering Strong Business Partnership into the Future.’’ He said that already Canadian investors were familiar ...

With Nigeria ranking 145 out 190 countries in the World Bank Ease of Doing Business Index and acknowledged as one of the top 10 most improved economies in the world, real estate has attracted over US$4 billion of institutional capital according to 2018 statistics. The country has also moved up by 24 points from 169th position of 2017 to 145th ...

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 ...

The Vice President, Prof. Yemi Osinbajo, has urged stakeholders in land management to identify and address every imaginable problem that has hindered land administration and management in this country. Osinbajo gave the charge in Abuja on Monday while declaring open the National Stakeholders Dialogue on Land Reform in Nigeria, organised by the Presidential Technical Committee on Land Reform. According to ...

The Managing Director of Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Kuru, has commended the directive of the Central Bank of Nigeria (CBN) compelling commercial banks to lend the real sector for economic growth. Kuru stated this at the Institute of Directors (IoD) 2018 luncheon held in Lagos. The Managing Director of AMCON also noted that lending to the ...

One of the stakeholders in the aluminium industry has applauded plans by the Standards Organisation of Nigeria (SON) to review the standards for aluminium grade downwards. A key stakeholder in the industry, Seun Olamide told journalists that the planned move by SON to review the standards would go a long way to drive local production and increase employment generation for ...

The Federal Government has said it will continue to encourage the organized private sector and development partners in Nigeria and abroad to invest in the country’s national housing market in view of its viable and enormous potential. The Minister of State for Power, Works and Housing, Mr. Suleiman Zarma said this at the 2nd Real Estate Development Association of Nigeria ...

Professionals and stakeholders in the Nigerian Housing Sector have always clamoured that there is no platform as strong and promising for the transformation of the Nigerian economy as the real estate/ housing development sector. The future of real estate development in Nigeria is promising and the potentials are so huge. Though the present indices are negative but the opportunities thrown ...

PM News reports that the Nigerian High Commissioner to South Africa, Amb. Martin Cobham, has called for more Nigerian investments in that country, to enhance the balance of trade between the two countries. Cobham said in Pretoria on Monday that the Federal Government should use the Nigeria-South Africa Bi-National Commission to open up avenues for more of such investments. “Nigeria ...

According to Business Day, the Pison Housing Company has launched the Roland Igbinoba House Price Index (RI), a statistic designed to capture changes in the movement of residential property prices in major cities in Nigeria. Kehinde Ogundimu, executive director/chief financial officer, Nigeria Mortgage Refinance Company (NMRC), told participants yesterday at the launch of the RI in the main auditorium of ...