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Lead Capital canvasses banking reforms to grow real estate market

“Opportunities in the real estate financing can be seen from the increasing population growth, rapid urbanisation and the growth of the middle class have spurred demand for real estate with the level of housing at only 2 dwelling units per thousand people compared to a rate of 8-10 dwelling units per thousand people as recommended by the United Nations. Nigeria has a population growth rate of 3 percent and a rural-urban migration rate of 5 per cent per annum. The rate of housing demand continues to exceed supply, presenting ample opportunities for growth and development”.

Tambuwal laments condition of patients in Hospitals

“After going round the dark complex for 30 minutes to assess things for himself, Tambuwal was then recognised by a few of the staff on duty. “Upon noticing his presence, the generator set was quickly powered on while the staff made attempts to hurry the patients into their rooms.

NAMB goes incommunicado

“A website is also important because it helps you establish credibility as a business. There are actually still quite a few small businesses that don’t have a website and without one this is exactly what they will remain. If you don’t have a website that you can refer people to, potential customers are going to assume that you are a small time company that does not take their business seriously. Once you establish this reputation it is going to be hard to make sales.

CAP posts N2.4bn profit, pays N595m dividend

Chemical and Allied Products, CAP Plc, a subsidiary of UAC of Nigeria Plc and manufacturer of Dulux paint, has posted a Profit Before Tax, PBT of N2.44 billion in its financial year ended December 31, 2014. This shows a 17 per cent increase over the previous year. The company’s turnover also rose to N6.99 billion, indicating a growth of 13 per cent during the same period.

Wike sacks Radio GM

Gov. Nyesom Wike of Rivers on Sunday announced the sack of Miss Medline Tador, General Manager of the State’s Radio Station, Radio Rivers.

CBN holds meeting with banks on forex rules

Central Bank of Nigeria, CBN on Friday called a meeting with chief executives and treasurers of banks to discuss issues surrounding its policy on the foreign exchange market, multiple banking sources told Reuters.

Bayelsa 2016: Will a dark horse succeed Dickson?

Indications are that between now and next year when gubernatorial poll will take place in Bayelsa State, much is bound to happen. The Peoples Democratic Party’s loss at the last general elections and festering interpersonal frictions with key personalities in the state may have truncated Governor Seriake Henry Dickson’s lone-star run. What remains to be known now is the likely dark horse that would be the beneficiary of what many critics perceive as the governor’s excesses.

NASS Leadership and Kwankwaso’s Bad Verses

The recent outburst by the former governor of Kano State, Alhaji Rabiu Musa Kwankwaso, over the emergence of the National Assembly leadership, leaves no one in doubt that the development, especially the election of Senator Bukola Saraki and Senator Ike Ekweremadu as the Senate’s presiding officers, has given him sleepless nights.

Aviation, transport merger: Aviation unions cry disapproval

The unions recalled that the ministry was merged with the ministry of transport during the regime of former President Olusegun Obasanjo, but did not yield the expected result, which later led to its de-merging by late President Umaru Yar’Adua. They insist that the merging of the two ministries was as a result of ill-advise from some “cabals” in the aviation sector and advised President Buhari of the antics of the cabals.

Nigeria among African countries with best property investment prospects

Real estate remains a booming opportunity for Africa-focused investors for good reasons. The growth of cities creates a demand for increased volumes of high-quality commercial and residential real estate. Also, the rise of the urban middle class drives retail property development, particularly as modern shopping malls spread across the continent.

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