Customers of GreenHouse Investment Solutions have expressed concern over the uncertain state of the microfinance institution as it battles to recover from failed investments that led to its temporary closure, which could sound the death knell for the microfinance sector that is gradually gaining public trust and patronage by depositorsRead More
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.
The Federal Capital Territory (FCT) Administration is set for an upward review of land fees and charges in the territory.Read More
To ensure that the dream to provide affordable housing accommodation is realized, the Federal Government in collaboration with Real Estate Developers Association of Nigeria (REDAN) have plans to acquire $50 million worth of hydra form equipments from South Africa.Read More
Markets are stubborn and free markets, if not tampered with, are self correcting. These have been the central dictum of capitalist societies over the past two centuries. An individual or a corporate entityâ€™s ability to corner the normal functioning of the market is only temporary.Read More
Skye Shelter Fund, Nigeriaâ€™s first publicly quoted close-ended Real Estate Investment Trust (REIT), has achieved a 37 per cent return for the year ended December 31, 2008, a year of widespread losses for other funds.Read More
The pan-African bank, Ecobank Transnational Incorporated, ETI, may well be coming to an end of its geographical expansion which has seen the group opening offices in 27 countries across the continent.Read More
By Patience Saghana Insurance companies ready to generate premium from micro-insurance, appeal for a guideline to enable them have a backup to fully go into the business. Patience Saghana writes
The former Head of Interim Government in Nigeria, Dr. Ernest Shonekan has urged the federal government to invest more in infrastructure as it will significantly reduce the cost of doing business in Nigeria.Read More
DN Meyer Nigeria Plc has entered into a strategic partnership with a foreign firm, Ennis Paints Incorporated and its subsidiary, Prismo Road Markings Limited to make available to the Nigerian paint and construction industry, quality road marking paints and various products designed to promote safety on the roads.Read More
Investorsâ€™ woes were heightened last week, as the value of their investments on the Nigerian Stock Exchange (NSE) dipped by N706.21 billion.Read More
The Manufacturers Association of Nigeria (MAN) on Friday decried the â€œvery lowâ€ performance of the industrial sector in the second quarter of the year.Read More
As the new CBN governor, Sanusi Lamido Sanusi, settles down to duties and unveils his plans for the nationâ€™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 Nigeriaâ€™s un-banked population.Read More
The three Oceanic Bank employees that have been in police custody since May 28, 2009 were on Friday granted bail by a Yaba Chief Magistrateâ€™s Court in Lagos.Read More
There are investment opportunities in the concession of major transportation infrastructure in the country; the rapidly growing middle class also presents opportunities in the retail banking segment and the bank seems set to play bigger role in these areas, Lucky Fiakpa writes Stanbic IBTC Set for Bigger Role in the EconomyRead More