The federal government has tasked contractors handling various housing and road projects across the country to speed up work so as to ensure timely completion and delivery of the projects.

The Lagos State House of Assembly has held a public hearing to herald a bill aimed at regulating mortgage practice in the state.
In his welcome address, Chairman, House Committee on Finance, Hon. Adeola Olamilekan, said that when passed into law, the bill will encourage the growth of mortgages in property, regulate various aspects of consumers loans for acquisition of property and realisation of securities and other connected matters.

The Central Bank Governor, Mallam Sanusi Lamido Sanusi, will deliver the lead paper at 39th Annual Accountants Conference of the Institute of Chartered Accountants of Nigeria, (ICAN). The Governor will speak on “The Changing Roles of the Accounting Profession and the Global Economic Crisis”,

By Amaka Agwuegbo Barely a week after the sudden resignation of its Managing Director/Chief Executive, Mr. Simon Akinteye, Integrated Microfinance Bank Plc (IMFB) closed its doors to customers last week to escape its irate depositors. Investigation revealed that last week, a huge number of depositors stormed the bank to demand for their money. But, knowing […]

Under a renewed mandate to promote sustainable mass housing in the country, the Federal HousingAuthority (FHA) is set to deliver over 100,000 housing units nationwide within the next four years.

Nigerian Breweries PLC, Bank PHB, Intercontinental Bank PLC and Diamond Bank account for N15.3 bn or 85 per cent of the N17.9 billion unclaimed dividend in the Nigerian capital Market.

The National Insurance Commission (NAICOM) and insurance operators have teamed up to enforce compliance with the six compulsory insurance products with the aim of generating additional N836 billion premium income.

The Federal Housing Authority (FHA) is set to enter into a partnership deal with the Kogi State government in the development of houses for the people of the state.

Staco Insurance Plc settled N538.13 million worth of claims for the half year ended June 30, 2009. Head of Claims department, Staco, Mr. Rasaq Hamza, said in a statement issued by the company. He pointed out that it is part of the company’s policy to always attend to prompt processing and settlement of genuine claims that are reported to the company. He said it is part of the continuous strategy of the company to constantly ensure that customers are restored to their initial financial position at the occurrence of any loss after due investigation of the loss.

First Vice-President, Nigeria Institution of Estate Surveyors and Valuers (NIESV), Mr. Bode Adediji has said that the proposed bill to abolish advance collection of rents in Lagos State is not the solution to the housing problem in the state.

The 2009 Nigerian Real Estate Fair slated for September 29-30 at the Expo Hall of Eko Hotel and Suites, Lagos has received the backing of the Federal Ministry of Works, Housing and Urban Development.

Chairman, Presidential Technical Committee on Land Reform, Prof. Akin Mabogunje, has said that the new land reform policy will not suppress the control of states over their land resources.

The banking industry has extended its dominance to bureau de change (BDC) services, with the 24 banks selling $11.4 billion to retail foreign exchange end users through their BDC units.

The gross inadequacy of affordable housing for the teeming Nigerian populace, especially in urban areas, has constituted a major challenge to succeeding government’s since the nation’s independence.

The turbulent situation in the Nigerian Banking sector raises several questions on corporate governance and risk management. One of the key departments in any organization is the Internal Audit and Control department and the unit has a key role to play in assessing the risk appetite of the business. This week we look at how to make these units more efficient using risk based auditing techniques.