Tuesday, June 28, 2022
• More manufacturers, SMEs shutting down over worsening electricity, N820/litre diesel • Haulage of food items, cooking gas soar • Stakeholders raise fresh concerns over nation’s energy insecurity Stakeholders are in panic mode over the fate of the nation’s...
Laide Agboola, Co-founder and CEO, Purple Group The management of Purple Real Estate Income Limited (PREIL) says it has grown its operating revenue by 112 percent to N2 billion, riding on the expansion of its asset base and sale of...
BUA Cement, Nigeria’s 4th largest company listed on the Stock Exchange has achieved a record 300 percent increase in production capacity in seven years, attributable to government policies Lai Mohammed, minister of information and culture. Data provided by the company...
There is the need for a common regional infrastructure development policy for the Southwest, the Managing Director/Chief Executive Officer, Lagos State Development and Property Corporation (LSPDC), Ayodeji Joseph, has said. In an interview with The Nation in his office, he...
The dollar shortage in Nigeria is hampering the real estate assets sale and the delivery of projects, BusinessDay has learnt. In the real estate sector, input materials are largely imported and some assets are sold in dollars. The volatility of the...
Foreign exchange volatility and inflationary pressure are currently affecting procurement of construction materials as soaring cost of building materials is limiting home construction that is expected to bridge housing deficit in the country. The real estate market is currently underpinned...
The Lagos Chamber of Commerce and Industry (LCCI) and other stakeholders have emphasised the need for the Lagos State Government to develop a comprehensive blueprint to unlock the untapped economic potential needed for the development of Lagos State. According to...
Investors appear to have stronger appetite for corporate bonds as new issuers make successful debuts, raising more than their initial targets. As against the lull in the initial public offering (IPO) segment of the primary equities market, debt issues by...
The Economic and Financial Crimes Commission, EFCC, said it would henceforth, focus its attention on real estate developers, alleging that they provide safe haven for the laundering of proceeds of crime. The Executive Chairman of the EFCC, Mr. Abdulrasheed Bawa,...
The Association of Bureaux de Change Operators of Nigeria (ABCON) has said the continued suspension of foreign exchange (forex) to its members is already taking its toll on the nation’s economy. In July 2021, the Governor of the Central Bank...
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