First Bank named Nigeria’s strongest brand in 2026 by Brand Finance
First Bank, West Africa’s premier financial institution and financial inclusion service provider, has been recognised as the strongest brand in Nigeria in the “Nigeria 25 2026” ranking by Brand Finance, a leading independent brand valuation and strategy consultancy. The Bank achieved an AAA+ rating, the highest possible distinction, underscoring its unmatched brand strength and leadership […]
Economic Downturn: Vacancies in Lekki, VI, Ikoyi properties rise 72% in 18 months
The number of vacant properties in the upper class real estate neighbourhoods of Lekki, Victoria Island and Ikoyi has risen by 72 percent over the last 18 months, a report by the Financial Derivatives Company Limited (FDC) has stated. The FDC’s Vacancy Factor Index (VFIX) for 2nd Quarter June 2016 report attributed the rise in the number of vacant properties, based on the housing stock as at January 2015, to a combination of rising inflation, GDP contraction, falling consumer confidence and increasing unemployment rates contrived to lower demand for housing.
Nigeria’s quest to reclaiming economic stability
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 to disburse N25bn employment fund in Sept.
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.
Abuja Housing Show: Nigerians spend 60% disposable income on house rent
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.
FG to review annual renewal of insurance brokers’ licenses
The federal government is considering a review of insurance brokers’ annual renewal of licenses to operate as brokers in the industry by the National Insurance Commission (NAICOM). This is as speculations are already making rounds that the renewals could be reviewed from being an annual activity to once in three years.
