Lagos Assembly Raises Alarm Over Fire Outbreaks, Building Collapses
The Lagos State House of Assembly has expressed concern over the growing number of fire outbreaks and building collapses across the state, calling for stronger safety enforcement and faster emergency…
Wike confirms Jonah capital as original owner of River Park Estate
The Minister of the Federal Capital Territory, Nyesom Wike, has put an end to the ownership controversy surrounding River Park Estate in Lugbe, Abuja, declaring JonahCapital Nigeria Limited as the…
Ebonyi Acting Governor Orders Arrest of Contractors Over Substandard Housing Project
The Acting Governor of Ebonyi State, Princess Patricia Obila, has ordered the arrest of contractors responsible for the construction of the Amaeze/Izzo Housing Estate, citing poor workmanship and the use…
Nigeria Urged to Embrace Innovation for Durable Infrastructure
Nigeria’s collapsing highways and runways will continue draining public funds unless innovation becomes central to infrastructure policy, a U.S.-based expert has said. Isaac Oyawoye, a concrete engineer involved in advanced…
Plateau Bets on Housing to Tackle Insecurity, Empower Workers
In a bold move that blends social reform with security strategy, Plateau State Governor Caleb Manasseh Mutfwang has launched the construction of a 2,000-unit workers’ housing estate in Miango, Bassa…
CBN Confirms 14 Banks Meet Fresh Capital Standards Amid Sector Reforms
The Central Bank of Nigeria’s latest recapitalisation drive has entered a decisive phase, with 14 banks now confirmed to have fully complied with the new minimum capital requirements. Governor Yemi…
Turkey Endures Worst Drought in 50 Years
Turkey is facing its worst drought in more than half a century, with rainfall dropping 27 percent below the 30-year average, according to the Turkish State Meteorological Service (MGM). From…
Material Testing Lab Launched to Prevent Building Collapse in Abia
Efforts to curb the frequent menace of building collapse in Nigeria have received a major boost with the establishment of a state-owned material testing laboratory in Umuahia. The initiative, unveiled…
Rising Cement Prices Pose Grave Risk to Housing and Infrastructure Development – Umahi
Nigeria’s ambitious housing and infrastructure programmes risk being undermined by the relentless rise in cement and other building material prices, the Minister of Works, Senator David Umahi, has warned. Speaking…
BREAKING: CBN Cuts Interest Rate to 27%
The Central Bank of Nigeria (CBN) has reduced the country’s benchmark interest rate to 27.00 per cent, marking the first adjustment in 2025. CBN Governor, Olayemi Cardoso, announced the decision…