Affordable Housing

The post Affordable Housing appeared first on BusinessDay : News you can trust.

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Bank stocks rally on offshore, PFA buying

Nigerian Bank stocks are rallying, as money flows into the sector from domestic pension and offshore funds attracted by low valuations and prospects of rising profits from a rebound in economic growth forecast this year. The Nigerian Banking Index has risen by 31 percent year to date, outperforming the broad All Share Index, which is……

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Microfinance and social protection programmes in conflict areas

Microfinancing and social protection programmes have a commonality of purpose – the amelioration of the difficulties facing the most vulnerable in society, particularly women and children. They also have strong differences. One is more resilient being funded by government while the other is more fragile being dependent mostly on private capital. And there lies the…

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5 ways the new PIBG will reform Nigeria’s oil sector

Nigeria’s upper legislative chambers, the Senate has passed the Petroleum Industry Governance Bill (PIGB) following its third and final reading on May 25, almost a decade after it was first initiated. A harmonised version is yet to be passed in the House of Representatives. Here are five ways it will impact the sector: Petroleum minister……

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Dangote Group, NCDMB collaborate on refinery project

Dangote Industries Limited and the Nigerian Content Development and Monitoring Board (NCDMB) are collaborating towards ensuring maximum utilization of local capacities and capabilities in the construction of the company’s 650,000 barrels per day petroleum refinery plant. In addition, the two organisations will hold technical meetings and undertake a tour of the project site to examine……

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New Fiat sets benchmark against rivals

Weststar Associates Limited last week in Lagos started another evolutionary journey in the history of Nigeria’s automotive business with the unveiling of the all-new, freshened up Fiat luxury sedan as a precursor to what car freaks are to expect in the coming year there-by sending strong signals to competitors from the Fiat family. The latest……

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Law Union & Rock grows PBT by 100% to N658m

Underwriting firm, Law Union and Rock Insurance plc has grown its profit before tax by 100 percent at the end of 2016 financial year, from N328 million in 2015 to N658 million. This is as the Company also ended the year with N3.935 billion Gross Premium Written compared to N3.858 billion recorded in 2015. Remi……

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Osinbajo signs two new laws to ease access to credit for MSMEs

Acting President Yemi Osinbajo, on Tuesday assented to two bills from  the National Assembly that will ultimately facilitate access to more affordable credit for Nigerians. The bills which have now become ‘Acts’ are the Secured Transactions in Movable Assets Act, 2017 (otherwise known as Collateral Registry Act) and the Credit Reporting Act, 2017. According to……

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Trading defies month end pressure on NSE, index up by 0.73%

Transactions on the Nigerian Stock Exchange  (NSE)  resumed on Tuesday after the holiday to mark the Democracy Day on a positive note, with the index improving by 0.73 per cent. The All-Share Index rose by 212.07 points or 0.73 per cent to close at 29,276.59 compared with 29,064.52 achieved on Friday. Similarly,  the market capitalisation……

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Why Ambode can sack chaplain, says CAN 

Christian Association of Nigeria (CAN) said on Tuesdays that the termination of the appointment of Femi Taiwo, the former chaplain of Chapel of Christ The Light, by the governing council of the church, was within the ambit of the Chapel’s constitution. However, the Christian umbrella body, refused to comment on the eviction of Taiwo from…

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Ex-presidential candidates bomb Buhari, APC

Like it was when Muhammadu Buhari administration marked its one year anniversary in Aso Rock, it is still lamentation time for Nigerians, including some former presidential candidates who contested the 2015 election with the President as the regime marks its second year in office tomorrow. According to official results announced by the Independent National Electoral…

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G7 Summit focuses attention on Africa

The 43rd Group of Seven (G7) Summit in Italy focused attention on Africa over the opportunities and challenges in the continent as well as implications for the international community. On Saturday, five African leaders – Nigeria’s Acting President Yemi Osinbajo, Uhuru Kenyatta of Kenya, Beji Essebsi of Tunisia, Mahamadou Issoufou of Niger and Prime Minister……

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Institute of Directors tasks members on nation building

The Institute of Directors Nigeria recently celebrated its 34th anniversary with a call on members and fellows of the institute to be more committed to nation building as industry leaders amidst the dedication of its new national secretariat located at in Ikoyi, Lagos. Samuel Yemi Akeju, president/chairman of Council, Institute of Directors, in his opening…

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There’s more of politics today than governance in Nigeria – Helen Esuene

Senator Helen Esuene, wife of the first governor of the then South–Eastern State and now Cross River, in this interview with MIKE ABANG, spoke on her experience as the First Lady at that time; governance at then and now, among other national issues: Excerpts:     Could you please tell us about South Eastern State……

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I’ll miss Nigerian pounded yam and egusi soup – Ugandan AUN graduate

Conrad Bukenya Mulindwa, a Bachelor of Science graduate in Information Systems of the American University of Nigeria (AUN), hails from Uganda. He is the son of a former vice president of the country, Gilbert Bukenya. Sharing his experience with BDSUNDAY on his graduation day, he said: “I am from Uganda. I joined AUN in the…

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Alumni point the way to quality education in Nigeria

Abdulganiyu Abdul-Razaq, founder of Ilorin College, now Government High School, Ilorin, and Old Students of the school have called for a total overhaul of the Nigerian education sector if the aim of education in the country must be realised. The observation was made at a reception hosted in honour of old and current students by……

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