Lagos State Aims to Generate N375 Billion Annually from Land Use Charge
The Lagos State government has announced plans to generate N375 billion annually from Land Use Charge (LUC) payments from residents. This initiative was detailed in the synopsis document for the…
BUA Announces Potential Price Reduction for Cement
Prices of cement may likely be reduced, the founder and chairman of the BUA Group, Abdul Samad Rabiu has said. Rabiu who said the prevailing price of cement in the country is…
UK Housing Market Shows Signs of Recovery Amid Potential Interest Rate Cuts
The UK housing market is showing signs of a rebound from last year’s slump, with a possible interest-rate reduction by the Bank of England potentially boosting confidence among prospective buyers,…
Reasons Behind Lagos’ Revocation of Building Permits on New Projects
The Lagos State government has announced the revocation of permits for ongoing building projects across the state, citing the need to enforce stringent safety standards in construction. This decision follows…
NNPC to Sell Crude Oil to Dangote Refinery in Naira, Says Tinubu
In a significant policy shift, President Bola Tinubu has instructed the Nigerian National Petroleum Company Limited (NNPC) to sell crude oil in Naira to Dangote Refinery and other upcoming refineries.…
LASG Refutes Claims of Revoking Existing Building Permits
The Lagos State Government (LASG) has refuted claims circulating in some online media that it has revoked all existing building permits. Mr. Olaoye Olusegun, Director of Public Affairs at the…
Pst Ashimolowo Champions Housing Finance Reform at the Africa International Housing Show
Real estate mogul and esteemed clergyman Pastor Matthew Ashimolowo has called for reform in housing finance. Pastor Ashimolowo, serving as chairman of the opening ceremony at the 18th Africa International…
Blackout Threatens Abuja and Three States as TCN Suspends AEDC
The Transmission Company of Nigeria (TCN) has issued a suspension order to the Abuja Electricity Distribution Company (AEDC) for failing to comply with the conditions of the market rules and…
Nine-Hour Rainstorm Causes Severe Flooding in Makurdi
A nine-hour torrential rainfall on Friday left many houses submerged and property worth millions of naira destroyed in Makurdi, the Benue State capital. Mattresses and other personal belongings were seen…
FG and Labour Unions Agree on ₦70,000 Minimum Wage
The Minister of Information, Mohammed Idris, announced that the Federal Government and the leadership of Organised Labour have agreed on a new minimum wage of ₦70,000 for Nigerian workers. Idris…