Stakeholders in the building industry have called on the government to provide incentives to players within the ecosystem as a way of boosting wealth creation and economic prosperity.
They disclosed this at the Nigerian British Chamber of Commerce and the International Real Estate Federation Real Estate Outlook 2023 themed “Pitching Your Tent Post-2023 Elections” in Lagos.
In a statement, the…
Engineering and infrastructure development firm, PPC Limited, has advised contractors to scale hurdles associated with materials sourcing for their building construction projects by building strong partnerships with global suppliers.
In view of the high cost of building…
Aid groups lift cash limits for mortgage lenders.
March 6, 2023
The Housing Development Advocacy Network has appealed to the Central Bank of Nigeria to give waivers to mortgage banks in the cash withdrawal limit policy.
The report titled “How CBN is underdeveloping the Nigerian mortgage sector” noted that appeals made to the CBN for…
Operators project over 60% rise in housing deficit.
March 6, 2023
Experts in Nigeria’s built industry have predicted an over 60 per cent rise in the housing deficit by 2050, on the back of rising population and urbanisation worsened by economic conditions.
The Treasurer of the Nigerian Institute of Building, Lagos Chapter, Philips Ayotunde, projected that the housing deficit would increase by over 60 per cent because the growing population would double by…
Labour threaten to close ports due to wage negotiations
March 4, 2023
The Nigeria Labour Congress has threatened to shut down the country’s seaports over the government’s refusal to address some of the challenges in the sector.
The President of NLC, Joseph Ajaero, said this on Friday while addressing journalists in Apapa during a courtesy…
The top peer-to-peer (P2P) cryptocurrency network, Oyola, was created to make it simpler for people to trade cryptocurrencies directly with one another without the use of a middleman. You can now communicate directly with buyers and sellers for quick, safe transactions while…
Fintech for Women: HerVest increases its services to promote greater financial inclusion among all types of women.
March 3, 2023
In furtherance of its commitment to bridge the $42bn gender finance gap in Africa, HerVest, a fintech dedicated to providing financial inclusion for women through a Gender Lens Investment (GLI) approach, has launched its revamped digital app to deepen access to financial growth services for underserved and excluded African women through target savings, impact investing and credit…
It’s no secret that unemployment is a major issue in Nigeria. According to the National Bureau of Statistics, the unemployment rate in Nigeria was 27.1% in the second quarter of 2020. That’s over 20 million people who are currently out of work, and looking for ways to…
LifeBank signs partnership to use AI to enhance patient outcomes in African hospitals.
March 3, 2023
In line with its objective of building an agile supply chain for Africa’s healthcare industry, LifeBank has signed an agreement with benshi.ai, a Barcelona-based Artificial Intelligence (AI) organisation to use its AI and Machine Learning (ML) platform to improve the…
Honda releases Unicorn motorcycle.
March 2, 2023
Honda Manufacturing (Nigeria) Limited says the company recently launched a new motorcycle, Honda CB Unicorn, into the Nigerian market to raise the bar of performance in the subsector.
The Managing Director of Honda Nigeria Limited, Hirohide Ichikawa, who made the disclosure, during his keynote address, describe the new product as “very reliable for commercial and private use”.
He added that…