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Niger terminates N1.2bn housing contract

The Niger State government has revoked the contract of a housing development project worth N1.2 billion awarded to a private estate developer, Legend Consult Nigeria Limited, due to failure to comply with contractual agreement.
The State Commissioner for Lands and Housing, Mrs Salome Ndakotso, declared that the government took the action in order not to derail the promise of the state government to provide shelter for citizens of Niger State.

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Micro-Finance Banks: Operators Call for Policy Fine-tuning

As the new CBN governor, Sanusi Lamido Sanusi, settles down to duties and unveils his plans for the nation’s monetary and fiscal direction, stakeholders in the micro-finance sector have called for a review of the micro-finance policy, Amaka Agwuegbo reports Micro-Finance Banks, MFBs, operators see great wisdom in the micro-finance policy of the former Central Bank of Nigeria, CBN, governor that led to the establishment of micro-finance banks across the country. They believe that by that decision, banking services was brought to millions of Nigeria’s un-banked population.

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