Minister reveals Nigeria’s Annual Steel Importation Cost at $4 billion, Citing Significant Financial Loss
In a recent interaction with journalists in Abuja, Minister of Steel Development Prince Abubaker Audu expressed concern over Nigeria's hefty annual expenditure of not less than four billion dollars on…
Empowering Lagos Residents: Recycling Firms Join Forces to Turn Waste into Wealth
In a collaborative effort aimed at promoting sustainable practices and community-driven environmental responsibility, Diamond Waste Recycling Limited has partnered with Pakam, the Local Economic Development Association, and Community Action against…
Civil Society Organizations Condemn ECOWAS Member States’ Withdrawal, Advocate for Dialogue and Democracy
The Transition Monitoring Group (TMG), West Africa Civil Society Forum (WACSOF), and Civil Society Legislative Advocacy Centre (CISLAC) expressed dismay over the recent announcements of the Republic of Niger, Mali,…
$900bn dead capital locked up in real estate — PwC
PricewaterhouseCoopers Nigeria has said that it estimates that Nigeria holds as much as $900bn worth of dead capital locked up in residential real estate and agricultural land. The multinational professional…
Mali Bans French Channel From TV Packages
Mali’s military-led authorities have ordered the removal of television channel France 2 from broadcasting packages for four months over a story on the security situation, according to official documents seen…
Current Prices of Building Materials in Nigeria (2024)
As we stride into the promising year 2024, the construction industry in Nigeria is buzzing with activity, and stakeholders are keenly monitoring the fluctuations in building material prices. From cement…
One in every 10 extremely poor people live in Nigeria, says World Bank
It is estimated that about 70.92 million Nigerians are in extreme poverty, according to the World Poverty Clock. The figure translates to 11 per cent of the world’s extreme poor.…
EFCC Exposes Church For Receiving N7bn from Proceeds of Fraud
Ola Olukoyode, the chairman of the Economic and Financial Crimes Commission (EFCC), has disclosed that the anti-graft agency had traced about N7 billion to a religious organisation. The EFCC boss…
Security Agencies Commence Investigation Into Kidnapping of FHA Staff
Operatives of the IGP Special Intervention Squad (SIS) and the Intelligence Response Team (IRT) have swung into action toward investigating and conducting efforts to locate and rescue the kidnapped director…
Real Estate Experts Lament Economic Downturn, Call for Government Intervention and Affordable Housing Solutions
Real estate industry experts have raised concerns about the current economic downturn in Nigeria. Speaking in separate interviews with our correspondent at the 30th Edition of the Annual Memorial Lecture…