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Housing gaps fuelling exploitation by developers – LASG

03.02.2025
The Lagos State Government has noted that urbanisation and housing gaps, among others, are being used as a tool of exploitation by developers and property owners. This was disclosed in Alausa recently by the Commissioner for Physical Planning and Urban Development, Dr. Oluyinka Olumide, during a weekly briefing of senior management staff of the ministry....
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FG plans 12% interest on low-cost homes

03.02.2025
The Minister of Housing and Urban Development, Ahmed Dangiwa, in a recent statement revealed that the government is targeting a 12 per cent mortgage interest rate as part of its broader efforts to make homeownership more accessible to Nigerians. Speaking to an international audience at the Saudi Arabia real estate forum, Dangiwa underscored the immense...
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Megamound disclaims collapsed Ikota building

03.02.2025
Megamound Investment Limited has denied claims circulating on some social media platforms that a two-storey building, which collapsed on Tuesday, January 29, 2025, at Mobile Road, Inikpa, in the Ikota area of Ajah, is located within its estate. The company made the rebuttal via a press statement signed by its Managing Director/Chief Executive Officer, Olumide...
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Housing deficit opportunity for transformation – Minister

03.02.2025
Nigeria’s housing deficit, estimated at over 28 million units, presents not just a challenge but a significant opportunity for transformative change, according to the Minister of Housing and Urban Development, Ahmed Dangiwa. Speaking recently at the 4th edition of the Real Estate Future Forum in Riyadh, Saudi Arabia, Dangiwa outlined the Nigerian government’s plans to...
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FRC offers scholarships to boost actuarial science

03.02.2025
The Financial Reporting Council of Nigeria has launched an initiative to address the critical shortage of actuarial professionals in the country by offering scholarships to outstanding students. This was revealed at the University of Lagos during a career advocacy session with newly admitted postgraduate students of the Department of Actuarial Science and Insurance. The Head...
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IEI tells operators to incentivise motorists

03.02.2025
International Energy Insurance has urged operators to make the third-party motor insurance more attractive to motorists following its enforcement on February 1, 2025. According to a statement made available to The PUNCH recently, IEI said it is important to ensure motorists have a valid policy to avoid running afoul of the law. Earlier in January,...
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12,241 informal sector RSA holders save N967m – PenCom

03.02.2025
The National Pension Commission has revealed that 12,241 Retirement Savings Account holders from the informal sector have contributed about N967.19m between 2020 and the third quarter of 2024 under the Micro Pension Plan. This was disclosed in its newly introduced Pension Industry Performance Dashboard, which offers a comprehensive, user-friendly overview of historical vital pension statistics....
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Building collapse deaths rise to 1,595 – Report – Punch Newspapers

03.02.2025
The Building Collapse Prevention Guild has said that Nigeria witnessed 1,595 deaths in 640 reported incidents of building collapse between October 1974 and January 9, 2025. According to the Guide, the first recorded building collapse in Nigeria occurred in October 1974 in Oyo State, where a multi-story building collapsed due to excessive loading, killing 27...
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ADVAN decries lack of governing council for advertising sector

02.02.2025
The Advertisers Association of Nigeria has raised concerns over the continued absence of a governing council for the advertising profession, arguing that the lack of an independent council separate from the regulatory body is detrimental to the industry. President of ADVAN, Osamede Uwubanmwen, in a telephone interview, expressed dissatisfaction with the structure of the Advertisers...
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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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