Friday , 28 March 2014
The Lagos-Badagry expressway has been a bane to the people of its environ for years because of the traffic; the recent announcement by the Lagos state government to allocate 20 percent of this year’s budget to works and infrastructure in and around the state is a relief to the people, who have had to struggle with bad roads and incessant... Read more »
Cement manufacturer and marketer, Lafarge Wapco has decided to partner with LAPO, a Nigerian microfinance bank to provide affordable housing for low income earners by financing 400 clients for housing projects over the next six months. LAPO is in charge of disbursing the loans at a rate of 1.6 percent per month, which is one percent less than their usual... Read more »
Nigeria’s government plans to sell its ownership of the Abuja Securities & Commodities Exchange by the middle of the year after missing an initial deadline in a plan to revive trading. “The government wants to privatize the only commodity exchange and it had committed to doing it by the end of last year,” Securities and Exchange Commission Director General Arunma... Read more »
In response to growing local and foreign interests in the Nigerian retail real estate space, Alphamead Facilities and Management Services Limited has concluded plans with its foreign technical partner, Cluttons LLP, to offer a free one-on-one management consultancy for all levels of retail projects in Nigeria. Stakeholders attending the Retail Development and Management Forum, billed for early February in Lagos,... Read more »
The Group Managing Director, Odu’a Investment Company Limited, Mr. Adebayo Jimoh, has announced his resignation after nine years as the head of the conglomerate. Jimoh, who did not give any reason for his action, said the resignation would take effect from May 2014 and that KMPG Advisory Services had been mandated by Odu’a Investment to shop for a qualified person... Read more »
President Goodluck Jonathan has approved the concession of the National Stadium in Lagos. The approval was granted last week according to Ministry of Sports officials. The Minister of Sports, Mallam Bolaji Abdullahi is now expected constitute the Project Steering Committee and the Project Delivery Committee, which will liaise with the Infrastructure Concession Regulatory Commission to draw up modalities for the... Read more »
His excellency the vice president, excellency the governors and deputy governors here with us for this launch ceremony, members of the national assembly, the coordinating minister of the economy and honorable minister of finance and other members of the federal executive council here with us. Sectors of governments and other senate government functionaries, members of the diplomatic corps, government partners,... Read more »
The Nigeria Infrastructure Fund, one of the sovereign funds under the Nigeria Sovereign Investment Authority (NSIA) has received board approval to invest 1.6 Billion NGN (US$9.92 Million) in Nigeria Mortgage Refinance Company PLC (NMRC). Uche Orji, the Managing Director and CEO of the NSIA, will join the board of the NMRC. In a press release, Uche Orji states, “Our Investment... Read more »
Frequently Asked Questions 1. What is NMRC? The Nigeria Mortgage Refinance Company(“NMRC”) is a Public Private Partnership arrangement between the Federal Government of Nigeria and private sector. It is being implemented as a component of the Nigeria Housing Finance Programme initiated by the Federal Ministry of Finance in collaboration with the Central Bank of Nigeria (“CBN”), Federal Ministry of Lands,... Read more »
NMRC was officially launched by His Excellence Dr, Goodluck Ebele Jonathan on January 16th, 2014 in Abuja. Thank you very much your Excellency Mr. President; your Excellency, Mr. Vice President; Excellency Executive Governors and deputy Governors, members of the National Assembly, members of the Federal Executive Council, general partners, members of the diplomatic corps, members of the professions that relate... Read more »