African Development Bank to Inject $540 Million into Nigeria’s Special Agro-Industrial Zones
The African Development Bank (AfDB) has unveiled plans to allocate $540 million towards the establishment of Special Agro-Industrial Processing Zones (SAPZs) in Nigeria. This initiative, announced amid growing calls for…
Building and Construction Costs Soar by 200% Amidst Economic Challenges
The building and construction industry in Nigeria is grappling with unprecedented challenges, with construction costs skyrocketing by a staggering 200% over the past two years. This surge is attributed to…
Canada Extends Ban on Ownership of Housing Amid Affordability Crisis for foreigners
Canada has announced a two-year extension to the ban on foreign ownership of Canadian housing, citing concerns about Canadians being priced out of housing markets across the country. The housing…
The National Union of Civil Engineering, Construction, Furniture, and Wood Workers Commences Three-Day Strike in Kano
In a move to address their demands, the National Union of Civil Engineering, Construction, Furniture, and Wood Workers (NUCECFWW) in Kano State initiated a three-day industrial action starting from Monday.…
Niger Residents Take to the Streets, Protesting High Cost of Living and Economic Hardship
On Monday, residents, predominantly youths and women, embarked on a protest in Minna, Niger State, expressing their discontent with the prevalent economic challenges and the escalating cost of living in…
Probe missing $3.4bn IMF loan, SERAP tells Tinubu
Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu “to direct the Attorney General of the Federation and Minister of Justice Mr Lateef Fagbemi, SAN, and appropriate anti-corruption…
Devastating Blaze Consumes Awori Plank Market in Lagos
A plank market situated at Awori bus stop in the Abule Egba area of Lagos State was ravaged by fire on Sunday, resulting in the destruction of goods and property…
Managing Director Adekunle Adewole Steps Down from LivingTrust Mortgage Bank
LivingTrust Mortgage Bank announces the resignation of Managing Director, Adekunle Adewole, as he voluntarily steps down ahead of his tenure's conclusion, effective January 30, 2024. Adewole, who took on the…
Abuja Electricity Distribution Company reports Collapse of National Grid
The Abuja Electricity Distribution Company (AEDC) on Sunday reported the collapse of Nigeria’s National Grid thereby plunging numerous cities, including the capital Abuja, into darkness. The AEDC confirmed the collapse happened…
FHA and PPP Revolution In Nigeria, by Abubakar Yusuf
Since the globally coined Public Private Partnership PPP arrangements that occasioned synergy between the public service and private entities, particularly organised private sector. The Federal Housing Authority FHA under it’s…