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COREN Vows To Tackle Unethical Practices In Construction Industry

The leadership of the Council of the Regulation of Engineering in Nigeria (COREN) at the weekend hinted of its plans to invoke the powers provided in its amended Act to investigate licensed engineers and non-engineers who engage in unprofessional practices leading to infrastructure collapses nationwide. The National President of the Council, Engr. Ali Rabiu, who […]

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OPS Group Flaws FG On Revised Electricity Tariff

The leadership of the Organized Private Sector under the aegis of Organized Private Sector of Nigeria (OPSN) has sought the Presidency’ explanation on the need for electricity tariff increase, particularly now at a time when the nation’s economic performance is receding and millions of poor Nigerians are trapped in poverty cycle. The OPSN comprises the […]

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FMDQ Securities Approves Mixta Real Estate, CardinalStone Partners’ Commercial Papers

FMDQ Securities Exchange Limited (“FMDQ Exchange” or “the Exchange”), has approved the quotation of the Mixta Real Estate PLC N2.39bn Series 28 Commercial Paper under its N20.00bn Commercial Paper Issuance Programme and the CardinalStone Partners Limited N5.00bn Series 1 Commercial Paper under its N10.00bn Commercial Paper Issuance Programme on its platform. The approval of the […]

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CBN Issues New Regulatory, Supervisory Guidelines For MGCs

The Central Bank of Nigeria (CBN) on Thursday issued a new for the regulatory and supervisory oversight of mortgage guarantee companies (MGCs). The apex bank stated in the guideline titled ‘Regulations For the Operations of Mortgage Guarantee Companies (MGCs in Nigeria’ that  the guideline was issued pursuant to the provisions of the Central Bank of […]

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NMRC, KDSG, FHA Mortgage Bank Sign N3Bn Mortgage Finance Deal

The Nigeria Mortgage Refinance Company Plc (NMRC) has signed a N3 billion mortgage financing agreement with the Kaduna State Government and Federal Housing Authority (FHA) Mortgage Bank to provide affordable housing for people in the state. The initiative is described as first of its kind in mortgage financing in the country designed to provide mortgage […]

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Senator Lawan Advocates Improved Local Contents In Public Projects

President of the Senate, Senator Ahmad Lawan has canvassed the need for improved local contents in all engineering projects undertaken in the country. The lawmaker, who made the remarks late Thursday spoke in Abuja at a book launch on ‘Engineering and Sustainable Rural Development In Nigeria’ authored by Engineer Ahmed Amshi, expressed his belief in the […]

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AfDB, ICR, Aisha Buhari Seek Gender Disparity Gap Closure In PPP Projects

The African Development Bank (AfDB), Infrastructure Concession Regulatory Commission (ICRC) and Nigeria’s First Lady, Mrs Aisha Buhari, on Wednesday jointly canvassed the need for the Federal Government to frontally address the problem of gender disparity in the conceptualization, design and delivery of Public Private Partnership (PPP) projects in the country. The Senior Country Director, African […]

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Nigeria’s Housing Demand Surges Despite Sluggish Economic Growth

The latest report on Nigerians searching to buy or rent apartments that meet their needs by Reuters indicated that the number of the potential housing buyers and tenants was surging by the day, in spite of the sluggish growth of the nation’s economy. According to the latest news sourced from the online medium on Friday, […]