Tag Archives: NREH

An explosion has been reported in the Central Bank of Nigeria building, along Calabar Road, Calabar, Cross River state, around 12:30pm on Friday. The cause of the explosion is unknown. Premium Times reports that a source at the University of Calabar Teaching Hospital, Calabar, has said that scores of injured persons were seen being brought into the emergency unit of ...

A prosecution witness in the trial of the former Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Patrick Akpobolokemi and others, Eboigbe Etiosa, have  informed a Federal High Court, Lagos how he helped one of the accused, Captain Ezekiel Agaba to buy a piece of land in Lekki in 2004. According to him, it cost N70million. Etiosa ...

A landlord has an unfettered legal right to terminate a tenancy upon giving adequate notice. This is because the property is his and he can at any time retrieve it subject to the conditions of the tenancy agreement. Once he abides by the provisions of the tenancy agreement, the tenant has no choice than to vacate possession. If the tenant ...

Dangote Cement Plc has declared a Profit After Tax of N181.3 billion for the financial year ended Dec. 31, 2015. This is contained in the company’s audited result released by the Nigerian Stock Exchange (NSE) last week in Lagos. The News Agency of Nigeria (NAN) reports that this was against the N151.5 billion posted in 2014. The profit represented a ...

Minister of the Federal Capital Territory (FCT) Malam Muhammad Bello wants better houses for residents of the territory but he also desires affordable shelter. To achieve this, he called for a multi-disciplinary meeting of all professionals involved in the building industry. Bello made the call while receiving a delegation from the Architects Registration Council of Nigeria (ARCON) led by its ...

The Managing Director of Opinior Engineering Company Limited, Engr Muftau Salawu has pleaded with the federal government to build more training institutes across the country for the training of artisans. Salawu who stated this while briefing newsmen in Abuja commended federal government’s decision to recruit unemployed graduates as teachers but said the gesture should also be extended to students that ...

Armed thugs On Tuesday demolished a section of Ladipo Market in Odo-Aladura, Mushin area of Lagos State.   They invaded the market to demolish over 2,000 shops and destroyed goods worth millions of naira. The area mostly affected is the BAKKASI Zone, where one of the contenders to a portion of the market, the Owoyemi family, allegedly used one tout ...

A woman’s corpse was discovered in an elevator in the Chinese city of Xi’an which has led to the detention of an elevator maintenance crew who improperly cut off power to the elevator a month ago without checking if anyone was inside or not. In a statement posted Saturday, the Gaoling district government said two maintenance workers turned off the ...

Investments with exciting opportunities for good returns abound in listed equities with strong fundamentals and low valuations and other growth sectors of the economy. Some of them are real estate, education, health and agricultural sectors. There are also investment opportunities in companies that are non-import dependent as Nigeria grapples with foreign exchange constraints. These were part of the conclusions of ...

Kwara State Governor, Abdulfatah Ahmed, has flagged off the construction of 1,000 housing units in order to provide affordable and quality housing to meet the shelter need of the populace. Speaking after laying the foundation on Monday, Governor Ahmed explained that efforts to meet the housing need of the people have not yielded fruitful result. He stressed that Nigeria housing deficits was about 17 ...