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Foreclosure and repossession laws retard housing development — Experts

Foreclosure and repossession laws retard housing development — Experts

MR. Abdul Adesanya (not real names) owns a multi-tenanted property in the Orile Iganmu area of Lagos. Having had some torrid experiences in the hands of his tenants, majority of who were defaulting in the payment of their rents, Mr. Adesanya decided to sell the property to a woman who wanted to use it to run a private nursery and primary school.

Sovereign Wealth Fund invests $200m in US bonds

Sovereign Wealth Fund invests $200m in US bonds

Nigeria’s Sovereign Wealth Fund, SWF, has invested more than $200 million in the United States bond market.

The fund was given by the SWF to UBS, Credit Suisse and Goldman Sachs, to manage a fixed income portfolio.

CAN threatens El-Rufai over Oritsejafor’s jet

CAN threatens El-Rufai over Oritsejafor’s jet

The Christians Association of Nigeria, CAN, yesterday, gave former Minister of the Federal Capital Territory, FCT, Mallam Nasir El-Rufai, seven days within which to make public the identity of the person that donated a private jet to its president, Pastor Ayo Oritsejafor, or risk being exposed.

Act fast over Nasarawa violence, APC tells FG

Act fast over Nasarawa violence, APC tells FG

The All Progressives Congress, APC, has urged the federal government to act fast to prevent Nasarawa from becoming another trouble spot in the country, saying the mindless violence being perpetrated by the Ombatse cult/ethnic militia in the state was fast spiralling out of control.

Alao-Akala backs Jonathan in PDP crisis

Alao-Akala backs Jonathan in PDP crisis

Former Governor Adebayo Alao-Akala of Oyo State and thousands of his supporters have identified with President Goodluck Jonathan in the crisis rocking the Peoples Democratic Party.

Building the Foundation: Young engineer cuts his teeth in Shell’s graduate program 

Building the Foundation: Young engineer cuts his teeth in Shell’s graduate program 

By Tode Morie The Niger Delta’s network of flow stations, gas plants, and injection facilities represents one of the most complex petroleum production systems in Africa. For young engineers entering the industry, understanding this intricate ecosystem requires more than textbook knowledge. It demands hands-on experience with the pumps, valves, turbines, and control systems that keep […]

CBN quits lender of last resort role by Dec 2016

CBN quits lender of last resort role by Dec 2016

The Central Bank of Nigeria, CBN, has set December 2016 deadline to terminate its role as Lender of Last Resort for the Real-Time Gross Settlement, RTGS, payment system, in the country.

Women task Jonathan on gender balance

Women task Jonathan on gender balance

Nigerian women under the aegis of National Coalition on Affirmative Action, NCAA, have asked President Goodluck Jonathan to ensure gender balance in his on-going cabinet reshuffle.

Why I closed model primary school in Asaba – Uduaghan

Why I closed model primary school in Asaba – Uduaghan

DELTA State governor, Dr. Emmanuel Uduaghan, yesterday, flagged off the Delta EduMarshal initiative, aimed at discouraging absenteeism of students of school age, just as he explained why he closed down Government Model Primary School located at Government Reserved Area, GRA, Asaba, venue of the flag-off, temporarily.

Wife, friends stab husband to death, sister alleges

Wife, friends stab husband to death, sister alleges

A 35-year-old car dealer, Mr. Kelvin Okhire, was allegedly stabbed to death, yesterday, by his wife, Mrs. Adesuwa and his corpse was deposited at the Lagos State University Teaching Hospital, LASUTH, mortuary, Ikeja, at about 3:00p.m.