Real Estate News

Lagos, developer launch N650m Imperial Homes - Guardian Monday, September 26, 2005 A DEVELOPER is joining forces with the Lagos State government to build a set of houses in an exclusive neighbourhood in the metropolis. more...

Abuja Stallion Garden Court gets December date - Guardian, August 22, 2005 LAGOS-based property developer, Stallion Property and Development Company (SPDC) Limited has set a December completion date for its Stallion Garden Court project in the Federal Capital Territory (FCT). more...

Investors jostle for N1b UPDC commercial properties - Guardian, August 22, 2005 The firm is throwing up some of its prime properties in some business centres into the real estate market, and some of the properties, which have already aroused investors' interest, may have recently changed hands more...

Demolition: Senate panel indicts el-Rufai - The PUNCH, Thursday, August 18, 2005 The Senate was on Wednesday told that the revocation of titles and demolition of houses in the Federal Capital Territory did not follow the procedure outlined in the Urban and Regional Planning Act of 1992. more...

Developers complete N4bn Lekki Carlton Gate Estate - The PUNCH, Monday, August 15, 2005 “Most things (infrastructure) are in place. You can buy now and start work right away. We are in a state of readiness.” more...

Nigeria News

Police hunt for group over claim on mishap - Guardian, Monday October 31, 2005 A MAN-HUNT for members of the Coalition of Militant Action in the Niger Delta (COMA) has been initiated by the Police. The group had last week claimed responsibility for the Bellview plane crash at Lisa Village in Ifo Local Council of Ogun State on Saturday, October 22. more...

Why excavation of crashed plane is delayed, by govt - Guardian, Monday October 31, 2005 EXCAVATION work begins today at the site of penultimate Saturday's air-crash disaster in Lisa Village in Ifo Local Council of Ogun State, amid mounting criticism over the failure of concerned authorities to retrieve human bodies trapped in the fuselage, nine days after the incident. more...

Nigeria pays $6bn to Paris Club - THE PUNCH, Monday October 31, 2005 The Federal Government will on Monday (today) pay the $6.4billion arrears owed the Paris Club, according to the Minister of Finance, Dr. Ngozi Okonjo-Iweala. more...

Intercontinental Bank group takes off today - Guardian Monday, October 10, 2005 THE Intercontinental Bank group merger will today take off as a single entity today, marking a definitive turn in the nation's search for mega financial institutions. more...

Ministry, BPE disagree over sale of NITEL submarine cable - Guardian Monday, October 10, 2005 A TRANS-CONTINENTAL cable -SAT 3- is now threatening the ongoing privatization of the Nigerian Telecommunications Limited (NITEL). more...

Business and Financial news

Nigerian computer firm gets Microsoft award - Guardian Monday, September 12, 2005 HONOUR came home to a Nigerian computer production initiative at the weekend with a "Systems Builder Partner" award bestowed on Omatek Computers Limited by software giant Microsoft Corporation. more...

UBA set to sell telecoms subsidiary - The PUNCH, Friday, September 9, 2005 United Bank for Africa has initiated moves to sell XS Broadband Limited, the telecommunications subsidiary it floated in 2003. more...

Mergers’ll be difficult in insurance industry’ - The PUNCH, Wednesday, September 7, 2005 Operators in the insurance industry on Tuesday reacted differently to the new minimum capital base announced by the Federal Government, just as Industrial and General Insurance Company Limited said it had become the first to hit N5billion shareholders’ fund. more...

Hekio Consortium to acquire FSFC for N500 million - Guardian, Wednesday, September 7, 2005 HEKIO Consortium Limited has been declared the preferred bidder for the Federal Superphosphate Fertiliser Company (FSFC) Limited, Kaduna. more...

First Bank, Ecobank Transnational to merge - The PUNCH, Wednesday, September 7, 2005 The First Bank of Nigeria Plc, and Ecobank Transnational Incorporated (parent company of the Ecobank Group), have entered into merger discussions to create what might be one of the largest and most diversified pan-African banking institutions. more...