The distortions in the Nigerian economy are mostly responsible for the myriad of housing problems confronting the country.

Housing construction in the US fell by 5.9 percent in February as winter blizzards held down activity in the Northeast and South of the country. The decline highlighted the challenges facing builders as they struggle to emerge from the worst housing slump in decades.

The Senate Committee on Aviation has summoned the Managing Director of the Federal Airports Authority of Nigeria, FAAN, Mr. Richard Aisuebeogun, to explain the basis for approving N64 billion for a second runway at the Nnamdi Azikiwe International Airport, Abuja.

AS the sexual abuse scandal convulsed the Catholic Church in the US and Europe, the Vatican, Sunday, went on the defensive as Pope Benedict XV1, said that his faith would give him the courage not to be intimidated by critics.

The Federal Housing Authority (FHA) has sold its housing estate at Obada Oko in Abeokuta, Ogun State to a real estate firm, Provincial and City Properties Limited, for N1.66 billion, about 28 years after construction commenced at the site.