An expert on property development and Managing Director of Realty Point Limited, Mr. Debo Adejana, says Nigeria requires about N59 trillion to meet her housing needs.

The Akwa Ibom State government, in its bid to tackle envisaged housing problem arising from the expanding economy, has approved N26.95bn for the construction of about 2000 housing units in the state.

The Federal Mortgage Bank of Nigeria (FMBN) has commenced moves aimed at enhancing its capacity to support mortgage financing in the country, even as it embarks on debt recovery of its non-performing loans.

BUA Sugar Refinery Limited has hinted of its plans to increase its ownership structure, with the listing of its shares on the Nigerian Stock Exchange (NSE) in the near future.

Two companies, Cadbury Nigeria Plc, posted unimpressive bottom lines last week, as they both posted a combined loss after tax of N1.5 billion.

I will begin this week’s article with a reference and excerpt from veteran journalist, Bisi Lawrence’s piece titled “Oh to spray again” in Saturday Vanguard edition of 10/10/09. The indefatigable Bizlaw had failed after several attempts to take value for the money in various locations, from exquisite shopping malls to your regular petrol attendants and pepper sellers!

Worried by defaulting Issuing Houses to meet the regulatory requirement of mandatory firm underwriting of public offers in the Nigerian Capital market, the Securities and Exchange Commission is relaxing the rules and is replacing it with discretionary underwriting.

Nigeria’s bank bailout will not push its fiscal deficit above three per cent of GDP and all of the rescued banks will survive in one form or another, Central Bank Governor Lamido Sanusi said on Thursday.

The Central Bank of Nigeria (CBN) on Thursday in Abuja assured depositors that their tax funds were safe. Alhaji Isiaku Ibrahim, Chairman ,Tax Working Group, disclosed this at a two-day national conference entitled:

Nigerian banks are positioning themselves for a second round of consolidation after an industry_wide audit and tighter accounting rules exposed the strengths and weaknesses of their rivals.

Bureaucratic bottlenecks, dearth of basic infrastructures and costly land administration constitute some of the major challenges to effective mortgage financing in Nigeria.

Nice Dreams Properties Ltd, promoters of a new range of low-cost houses and landed property at Ofada has commenced a sales promotion to herald the approaching Christmas season.

The Federal Housing Authority (FHA) has signed an agreement with a private firm worth N26 billion, comprising N22 billion as cost of constructing houses and N4 billion for infrastructure development, to build 932 new housing units in Abuja, aimed at tackling the housing crisis in the federal capital territory.

Introduction Many firms have run into trouble due to risk management failures. However, where risk management failures are accompanied by corporate governance failures, the lethal combination has caused swift demise.

Twenty seven years after managing the bureau of Economic Community of West African States’ (ECOWAS) Brown Card Insurance Scheme, NICON Insurance has handed over the management of the bureau to Nigerian Insurers Association (NIA).