NSIA Posts 59% Income Growth in 2024, Retained Earnings Reach ₦3.74tn
The Nigeria Sovereign Investment Authority on Monday announced its audited financial results for the 2024 fiscal year. The results underscore the resilience of NSIA’s investment strategy and the strength of…
Addis Ababa’s Real Estate Slowdown: What Developers Don’t Want You to Know
Once a thriving hub for real estate development, Addis Ababa’s housing market is now grappling with a growing crisis. Developers who once raced to meet the seemingly endless demand for…
The Real Estate Price Trap: Why Homes in Lagos and Other Cities Remain Out of Reach
For years, the dream of homeownership in Nigeria has been slipping further out of reach. In major cities like Lagos, Abuja, and Port Harcourt, real estate prices have skyrocketed beyond…
Experts Decry Federal Government’s Abandoned Housing Projects, Call for New Way of Delivering Affordable Housing in Nigeria
Despite the 22 million units of housing deficit in Nigeria, over N9 trillion worth of building projects are tied down in abandonment, experts in the built environment have said. Some…
Why Nigeria Keeps Losing Lives and Investments to Building Collapses
For over two decades, Nigeria has had a law designed to protect lives and investments from the devastation of building collapses. Yet, in most parts of the country, it remains…
Oyo Govt Tasks COREN on Eliminating Quackery, Ensuring Engineering Standards
The Oyo State government urged the Council for the Regulation of Engineering in Nigeria (COREN) to eliminate quackery through collaboration. Governor Seyi Makinde, represented by Deputy Governor Bayo Lawal, made…
Abia Takes Bold Steps to Tackle Soaring Rent Prices with New Housing Estates
The Abia State government is making decisive moves to address the pressing housing challenges in the state. It is rolling out new housing estates aimed at providing affordable shelter for…
Lagos Ministry of Housing Inaugurates Procurement Planning Committee for Efficient Project Delivery
The Lagos State Ministry of Housing inaugurated a procurement planning committee to enhance project execution in compliance with procurement regulations. Engr. Abdulhafis Toriola, the permanent secretary, urged committee members to…
Fuel Prices Hit ₦930/Litre as Marketers Boost Imports Amid Supply Shortage
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has resorted to fuel imports to bridge the supply gap left by Dangote Petroleum Refinery’s exit from the local market. A member…
FG to Use Pension Funds for 5,000km Road Project, Sparking Concerns
The Nigerian government has announced plans to finance 5,000 kilometres of roads using pension funds through institutional investments. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed…