2000mw coming on national grid, but next year—Fashola
Indications have emerged that the current sustained supply of electricity nationwide may continue even till next year. This is coming on the heels of an assurance by the Minister of Power, Works and Housing, Mr. Babatunde Fashola who revealed that…
Electricity, food items prices gallop inflation rate to 18.3% from 17.9% – NBS
Key household consumables including housing, electricity and food items have dragged Nigeria’s inflationary trend from rising from 17.9 per cent in September to 18.3 per cent in October. This was the key revelation of the latest report on the Consumer…
Badagry Deep Seaport scheme hangs in balance as community plans resistance
There are palpable fears that the much celebrated Badagry Deep Seaport project may take a longer time than expected; if it will ever be at all, considering revelations by the host community. Two key factors are currently worrying the prospective…
Lafarge Africa wins double at 2016 SERA awards in Lagos
Lafarge Africa Plc, a leading construction solutions company in Nigeria has emerged Best Company in Stakeholder Engagement in Nigeria at the 10th edition of the Social Enterprise Report Awards (SERAs), in recognition of its unflinching commitment to Corporate Social Responsibility…
Obiano deepens ease of doing business, reduces land registration stress
More states are now making issues relating to access to land for investors very simple to attract genuine developers. A clear pointer to this is the recent move by the Anambra State Government, in conjunction with the Presidential Technical Committee…
Banks, CBN moving opposite directions on forex access—-NTMA
Indications have emerged that money deposit banks and the Central Bank of Nigeria (CBN) may not have been on ‘the same page’ on issues bordering on access and availability of foreign exchange, Business Hilights, can authoritatively report. Yesterday, the Nigerian…
FG dumps concession plans, votes N1b for Abuja airport runway repair
If there is anything to get from the recent move by the federal government in approving N1 billion for the repair of the runway at Nnamdi Azikiwe International Airport, Abuja, it may be the fact government has bungled plans for…
Relief as states to get N20b each for infrastructure
The Speaker of the House of Representative, Hon. Yakubu Dogara has hinted that the federal government is concluding plans to refund at least N20 billion to each of the 36 states to deepen infrastructural development. The Speaker was responding to…
FMBN plans 5m housing for middle income class
The Federal Mortgage Bank of Nigeria (FMBN) has announced new plans to deepen the provision of housing for the mass and middle income markets that will provide affordable houses at five million naira and below. The Acting Managing Director of…
