Sentiment towards the Nigerian economy received a painful blow in July following the shocking reports that the nation had slipped into a technical recession. Africa’s largest economy has been heavily pressured by falling commodity prices, while external global uncertainties continue to expose the nation to noticeable downside risks.

Lagos State Government has said that the disbursement of N6.25billion being the first tranche of N25 billion, Employment Trust Fund, ETF, to beneficiaries would finally commence in September, 2016, aimed at stimulating the Small and Medium-sized Enterprises of the state economy.

Most Nigerian tenants expend 60 percent of their disposable income on house rent as a direct consequence of the huge housing deficit in the country, which is at variance with 20 to 30 percent advocated by the United Nations (UN). Participants at the recently concluded 10th edition of annual Abuja Housing Show (AHS) in Abuja, called for a holistic approach to expanding access to housing in a bid to effectively tackle the housing problem in the country. In a communiqué issued at the event, the participants noted that there is no quick fix to Nigerian housing problems.

Agricom Field Services Network, a telecommunication company, weekend, announced the appointment of former Vice President, Atiku Abubakar, as its Chairman.

ABUJA—Senator Dino Melaye, representing Kogi West Senatorial District, on the platform of ruling All Progressives Congress, APC, has dragged Manitoba Hydro International Nigeria Ltd, to the Economic and Financial Crimes Commission, EFCC, over alleged diversion of N13.8 billion and abuse of Public Procurement Act.