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Sage Grey develops Catalyst Fund to boost financing

19.05.2025
Sage Grey Finance Limited has unveiled a series of new impact-driven initiatives, including the launch of its Catalyst Fund, as part of efforts to deepen sustainable development and expand access to financing for underserved communities in Nigeria. The announcement was made at the company’s flagship event themed “Advancing Impact: Sage Grey’s Way Forward”, held recently...
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FG plans 10,000 housing units for health workers

19.05.2025
The Federal Government has announced plans to launch 10,000 housing units under the Renewed Hope Medic City mass housing project for the country’s health professionals to end mass emigration. The announcement was made at a stakeholders’ interactive engagement meeting in collaboration with the Real Estate Developers Association of Nigeria, and representatives of professional health associations...
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LASG recovers N773.6m, 38 properties for residents

19.05.2025
In 2024 and 2025, the Lagos State Real Estate Regulatory Authority recovered a total of N773.6m and 38 properties through mediation on behalf of third parties. This was disclosed in a recent statement issued after the ministerial press briefing marking Governor Babajide Sanwo-Olu’s second year in office for his second term. “In 2024, the agency...
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LASPPPA decries low building approval rate in Lagos

19.05.2025
The Lagos State Physical Planning Permit Authority has expressed concern over the alarmingly low rate of building approvals, despite the existence of over five million structures across the state. The Lagos State Commissioner for Physical Planning and Urban Development, Dr Oluyinka Olumide, disclosed this while speaking at the Ministerial Press Briefing organised by the Ministry...
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Cross River unveils digital C-of-O scheme

19.05.2025
In a major move to improve the ease of doing business and land administration in Cross River State, the Governor of the state, Bassey Otu, has announced the full digitalisation and fast-tracking of the Certificate of Occupancy issuance process. On the state’s website, it was stated that Otu made this public during a courtesy and...
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Odu’a Investment declares N518m dividend

19.05.2025
Odu’a Investment Company Limited has declared a dividend of N518m to its shareholders for the 2024 financial year, representing a 21 per cent increase from the N428m paid in 2023. The Group Chairman, Bimbo Ashiru, disclosed this during the company’s 43rd Annual General Meeting held in Lagos recently. Despite challenges in the macroeconomic environment, including...
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DMO allots N4.3bn FG savings bonds

19.05.2025
The Debt Management Office has allotted N4.3bn worth of Federal Government Savings Bonds in its May 2025 offer. The subscription period for the bonds ran from May 5 to May 9, 2025, with the settlement date scheduled for May 14, 2025. The Federal Government Savings Bond is a secure investment instrument offered by the Federal...
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DBN disburses over N1tn to MSMEs

19.05.2025
The Development Bank of Nigeria Plc has announced that it has disbursed over N1tn to Micro, Small and Medium Enterprises through 79 participating financial institutions across the country. The disclosure was made at a media parley with the Managing Director of the bank, Tony Okpanachi, in Lagos, where DBN also revealed that its support reached...
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Power firm secures N128bn to electrify 4m Nigerians

19.05.2025
Sun King, one of the world’s largest off-grid solar companies, has secured financing from a World Bank-backed programme to boost electrification in Nigeria. According to Bloomberg, the company secured a naira-denominated loan of $80m, about N128bn, from the International Finance Corp. and Stanbic IBTC Bank Ltd. The deal is the largest local-currency facility for energy...
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Customs intercept N1.5bn contraband

19.05.2025
The Nigeria Customs Service, Federal Operations Unit, Zone A, Ikeja, said it intercepted seven 20ft containers of contraband worth N1.5bn between April 23, 2025, and to date. The Customs Area Controller in charge of the unit, Mohammed Shuaibu, announced this on Friday while showcasing some of the seized contrabands to journalists. He added that the...
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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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