The National Pension Commission (PenCom) has approved 34 primary mortgage banks to participate in the use of the Retirement Savings Accounts (RSAs) for residential mortgage financing in the country. The approved 34 mortgage banks comprised 18 from Lagos, 8 from Abuja and the remaining 8 are from other states. According to the approved list, the […]
The Managing Director of Federal Mortgage Bank of Nigeria (FMBN) Mr. Hamman Madu, has commended Nigerians in diaspora over foreign currencies remittances to the country, saying the monies have continued to help in boosting the nation’s economy over the years. The mortgage banker gave the commendation at the opening session of the 3-Day 5th Nigeria […]
The Securities and Exchange Commission (SEC) Nigeria has said that the non-interest segment of the capital market is capable of financing the housing sector and by so doing lead to better well-being of the citizenry as well as improved performance of other sectors of the nation’s economy. Director-General of the SEC, Mr. Lamido Yuguda, who made […]
Lagos State Governor, Babajide Sanwo-Olu, on Thursday disclosed that his administration had inaugurated more than 15 housing projects and 3,526 housing units since he assumed office in 2019. Sanwo-Olu, who gave these figures at the 2nd Stakeholders’ Summit of the Real Estate Developers Association of Nigeria (REDAN), Lagos State Chapter, held in Lagos said that […]
The FCT Police Commissioner, Mr Babaji Sunday on Thursday September 29 sent 20 policemen to enforce the Court of Appeal judgement that reinstated members of the ‘’Incorporated Trustees of Apo XK Extension Residents Association’’ titles to over 400 plots of land. The policemen accompanied about seven bailiffs from the FCT High Court to serve the […]
Lagos State Waste Management Authority (LAWMA) has increased the tariff charges for waste disposal by 100% in the state, attributing the hike to increase in diesel price and devaluation of the Nigerian currency. The latest hike in waste disposal was conveyed in letters sent to residents of the states on Monday by the third-party company […]
…as balance sheet grows to N110bn TAJBank Limited, one of Nigeria’s leading financial institutions and the second non-interest bank, recorded more milestones in its second year of operations with its profit before tax (PBT) surging to N1.6 billion in FY2021, representing 433% improvement over the preceding year’s profit. This is even as the multiple award-winning […]
The Nigerian Institute of Town Planners (NITP) on Friday decried the poor awareness of urban planning regulations with the attendant negative implications for well-planned and standardized urban structures in the country. The professional body’s National President, Mr. Toyin Ayinde, who spoke in Bauchi when he led a delegation of the Institute on an advocacy visit […]
Gallagher Re, one of the world’s leading reinsurance brokerage firms, has reported that insured losses from major catastrophes in 2021 have so far reached $116 billion, the third largest in 10 years. The reinsurance broker also reported that the figure was about 63% higher than the average annual loss since 2011. For instance, it recalled […]
House of Representatives Ad-Hoc Committee on Investigation of Operations of Real Estate Developers in the Federal Capital Territory (FCT), has threatened to sanction real estate developers for alleged violation of laid down rules and procedures guiding real estate business in the FCT. The threat was made after the members of the Committee had conducted oversight […]