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Ministry pledges support for architects

10.02.2025
The Federal Ministry of Housing and Urban Development has reaffirmed its commitment to supporting Nigerian architects in shaping the country’s built environment. The Permanent Secretary of the ministry, Dr. Shuaib Belgore, made this pledge during a meeting with the leadership of the Architect Registration Council of Nigeria in Abuja recently. Belgore acknowledged the vital role...
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Conservation foundation appoints new director

10.02.2025
The Nigerian Conservation Foundation has announced the appointment of Adedamola Ogunsesan as the new Director of Technical Programmes, effective January 1, 2025. In a statement, the Foundation noted that Ogunsesan would lead NCF’s strategic conservation initiatives, driving impactful projects that align with the organisation’s mission to preserve Nigeria’s natural heritage and biodiversity. It stated, “Mr....
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Purple Mall unveils N80bn Lekki hub

10.02.2025
A leading retail and real estate developer, Purple Group, has unveiled a mixed-use facility, PurpleLekki, valued at N80bn. The project follows the success of Purple Maryland (formerly Maryland Mall) and other ventures in the company’s expanding portfolio. Located on Freedom Way, Lekki Phase 1, the expansive facility spans 10,000 square meters of land, stretching up...
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Lasaco Assurance assets hit N30bn

10.02.2025
The assets of Lasaco Assurance have risen to N30.47bn, while total liabilities amounted to N18.42bn at the close of the 2024 financial year. This was indicated in its unaudited financial results for the year ending December 31, 2024, filed with Nigerian Exchange Limited. The group also recorded a net investment result of N8.77bn, indicating a...
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FG begins 20-year mortgage financing at 12% interest

10.02.2025
In a bid to address the housing deficit and create a more accessible and sustainable homeownership system, the Ministry of Finance Incorporated Real Estate Investment Fund has launched a 20-year mortgage financing scheme at a 12 per cent interest rate. The fund was designed to provide low-cost mortgage options, particularly for pension account holders, enabling...
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Comercio Partners projects naira drop to 1700/$

10.02.2025
Investment company Comercio Partners has projected that the naira is expected to drop to about 1,700/$ at half-year. This was revealed during the presentation of its 2025 macroeconomic outlook titled ‘Looking Forward to the Future’ at its head office in Lagos on Friday. The naira has been strengthening in recent times, enabling businesses to plan....
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FBN Holdings, others’ profits rise to N222bn

10.02.2025
The profit after tax of FBN Holdings and five other financial institutions rose by about 58.19 per cent to N222.61bn at the end of 2024, The PUNCH can report. This is based on the unaudited financial statements for 2024, which were filed with the Nigerian Exchange Limited. The lenders include FBN Holdings, Wema Bank, Stanbic...
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Govt urged to rethink economic reforms

10.02.2025
The founder and chairman of Proshare LLC, Dr Olufemi Awoyemi, has urged the government to rethink its approach to reforms and policy progression. He gave this advice as the keynote speaker at the 16th Founder’s Day Annual Lecture and Award ceremony of the Bible Society of Nigeria with the theme ‘Diversification and Production: Panacea to...
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Explore blue economy, real estate federation urges members

10.02.2025
As the Federal Government renewed focus on the potential of the blue economy, the International Real Estate Federation, Nigeria chapter, has encouraged its members to take advantage of the opportunities that the sector offers for professionals in the real estate sector. The keynote speaker, former special adviser to the former Director-General of NIMASA on Communication...
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Over 70% of Lagos residents are tenants – REDAN

10.02.2025
The new National President of the Real Estate Developers Association of Nigeria, Akintoye Adeoye, says more than 70 per cent of people living in Lagos State are tenants. Adeoye made this observation during a press briefing for the promotion and institutionalisation of the Environmental, Social, and Governance principles within the real estate sector. He said,...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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