Federal High Court Seizes Millions and Properties Tied to Former CBN Governor Emefiele
A Federal High Court in Lagos has ordered the interim forfeiture of $4.7 million, N830 million, and multiple properties linked to Godwin Emefiele, the former governor of the Central Bank…
Nigeria’s GDP Declines by 2.98% in Q1 2024
The National Bureau of Statistics (NBS) reported on Friday that Nigeria's Gross Domestic Product (GDP) declined by 2.98% in the first quarter (Q1) of 2024. This growth rate is higher…
Landmark Group Plans Investments in Other States and African Countries Following Lagos Beach Demolition
The management of Landmark Beach Resort has announced plans to pursue investment opportunities in states beyond Lagos and other West African nations following the demolition of part of its properties…
Top 10 Banks Offering Lowest Lending Rates for Real Estate Businesses in Nigeria
The Central Bank of Nigeria (CBN), under Governor Yemi Cardoso, has increased the monetary policy rate (MPR) by 750 basis points so far, from 18.75% to 26.25%, with an eye…
Minister Unveils Plans to Demolish 750 Houses for Lagos-Calabar Coastal Highway
David Umahi, the Minister of Works, has announced that 750 houses situated along the path of the Lagos-Calabar Coastal Highway are slated for demolition. Umahi disclosed this information during a…
Trending News: Top 10 stories this Morning
Good Morning. Here’s a recap of top trending news stories this morning. 1. The federal government has announced it is in discussions with investors from Russia, China, and several Arab…
Lagos State Begins Demolition of Partially Collapsed Building in Surulere
The Lagos State government commenced the demolition of a partially collapsed building at No. 70, Adetola Street, Aguda Surulere, Lagos, yesterday. The two-story building, which housed six flats and eight…
FG Begins Construction of 500 Housing Units at Renewed Hope City in Kano
The Federal Government has kicked off the construction of 500 housing units at the Renewed Hope City site in Kano State. The project was officially inaugurated by the Minister of…
FCT Minister to build 10,000 houses for the poor under renewed hope housing program
Federal Capital Territory minister, Nyesom Wike has decried the high cost of accommodation in the territory, lamenting that some business men who got free acres of land in the past…
Senate Sets Up Committee to Investigate Abandoned Projects Nationwide
In a proactive move to address the issue of abandoned projects across Nigeria, the Senate has established a seven-member ad-hoc committee tasked with categorizing and classifying these projects sector-by-sector. The…