The project has economic, social and environmental impact angle. We are also aware that houses for low-income earners are not just shelters, but are equally locations for their economic activities, to this end, we are putting in place a system that will enable impact assessment not only in terms of number of houses but with equal attention to social indicators. The success recorded so far is due to a number of factors which include commitment of the partners in the project who have all delivered on their obligations.

The Nigerian Mortgage Refinancing Company (NMRC) has signed a Memorandum of Understanding (MoU) with a US-based investment firm, Cantor Fitzgerald, for the investment of $1bn (about N200 billion) in the Nigerian mortgage sector. Cantor Fitzgerald is a global private investment firm with strong expertise in asset-backed mortgage securities. The firm has also made arrangements to build 10,000 houses in Kaduna, Lagos, Enugu and Abuja within the next one year.

The Minister of State for Works, Prince Adedayo Adeyeye has tasked the Regional Centre for Training in Aerospace Surveys (RECTAS) to improve its standard in order to compete favourably among institutions like it in the world. Adeyeye threw the challenge to the Executive Director of RECTAS, Mr Adewale Akingbade when the new ED paid a courtesy call on the Ministry of Works in Abuja on Tuesday.

The Managing Director of the Federal Airports Authority of Nigeria, FAAN, Engr. Saleh Dunoma has said that the Authority will support any effort aimed at maximising the potentials in the country’s air cargo sector. Engr. Dunoma made this remark last week during the Nigerian Air Cargo Summit in Lagos. He said that the quest to maximise these potentials has led to the remodeling of designated perishable cargo airports across the country.

“Technology incubation program is all about commercialisation of technology-based inventions that emanate from universities, research institutions, colleges of education and even individual inventions that can be commercialised and this is to engender entrepreneurship culture in Nigerians, create jobs for the youths and wealth for business owners.

UGBORI, an Itsekiri community in Warri, Delta State, has dismissed the seven-day ultimatum given to it last Wednesday, by some Ijaw youths to vacate their homeland, as well as pay N500 million damages for alleged destroyed property, saying they are illegal occupants.

LAGOS— Two teenagers, who apparently threw caution to the dogs, weekend, gave a startling revelation of how they had been sneaking into Navy Town barracks in Lagos, burgled apartments of military personnel and carted away valuables estimated over N400,000.

lagos—A Federal High Court sitting in Lagos has dismissed the preliminary objections by the Central Bank of Nigeria, CBN, the Asset Management Corporation of Nigeria, AMCON and others against a suit by some shareholders of the defunct Bank PHB Plc.Trial judge, Justice Mohammed Yunusa assumed jurisdiction in the suit in which the plaintiffs are challenging the alleged illegal transfer of their shares to Keystone Bank without compensation.

Leadway Assurance Company Limited and AIICO Insurance plc are the lead underwriters on the newly acquired deep water vessel owned by Petrolog Limited. The acquisition which was financed by First Bank of Nigeria Limited and brokered by FBN Insurance Limited boosted the capability of Petrolog Limitied, a corporate customer of the bank by funding the acquisition of a brand new ABS classed Dynamic Positioning Dive support Vessel, ‘DSV Vinnice’.

ENUGU—The police in Enugu have arrested a housewife for allegedly hacking her husband to death over an undisclosed reason.