PEF records success on Project Aquila test run
The Petroleum Equalisation Fund (Management) Board, PEF(M)B, has announced the successful test-run of its new electronic-loading solution initiated by the Board to monitor the delivery of petroleum products in all depots across the country
Dangote Cement plans London share sale in bid to double output
Dangote Cement Plc Nigeria’s biggest company by market value, plans to raise funds in a London share sale before the end of 2012 as it moves to more than double its output in two years, Its Chairman, Aliko Dangote
Presidential inauguration: Argentina knocks off Egypt
A proposed friendly later this month against African champions Egypt to celebrate the re-election of Nigerian President, Goodluck Jonathan, has been called off, officials have said.
FMBN plans to raise N14 bn mortgage backed bonds
Managing Director of Federal Mortgage Bank of Nigeria (FMBN), Mr Gimba Ya’u Kumo has said that the bank will raise N14 billion Mortgage-Backed Bond (MBB) from the capital Market in July 2011. Ya’u Kumo disclosed this in a paper on “Opportunities for Low and Middle Income Earners in National Housing Fund” at the 11th Lagos Housing Fair
FHA built 37,000 houses in 37 years
The Federal Housing Authority (FHA), the agency set up by te Federal Government 37 years ago, to provide affordable housing to millions of homeless Nigerians, has only built 37,000 housing units in the country
Strong growth makes 1 in 3 Africans ‘middle class’
Robust economic growth in Africa over the last decade has swelled the size of its middle class to a third of the continent’s billion-strong population, according to a report released on Friday.
