New Zealand approves work rights for migrant workers’ partners
Starting December 2, 2024, New Zealand will implement new immigration rules that will allow more partners of migrant workers to work without restrictions, aiming to address labor shortages and enhance…
IFC, CBN partner to boost local currency financing
The International Finance Corporation has partnered with the Central Bank of Nigeria to enhance local currency financing, supporting the growth of private businesses in Nigeria. This agreement, signed by IFC’s…
Leverage tech for building safety, experts urge Lagos
The Building Collapse Prevention Guild has urged the Lagos State Government to utilize technology for monitoring building performance and preventing structural failures. This was disclosed by the BCPG Ikeja Cell…
High production cost affecting local goods’ competitiveness – MAN
The Manufacturers Association of Nigeria has identified the high cost of production as a significant barrier to the competitiveness of locally made goods. The Director General of MAN, Segun Ajayi-Kadir,…
Lagos pledges technical support to distressed building owners, developers
The Lagos State Government has unveiled plans to assist developers and property owners in tackling the increasing problem of distressed buildings. The Commissioner for Physical Planning and Urban Development, Dr.…
Kenyan CBK fines UBA, others for regulatory breaches
The Central Bank of Kenya has imposed a fine on UBA Kenya for failing to meet the minimum core capital-to-deposit ratio, which is set at 8%. This violation is attributed…
Oil prices fall by over $3
Oil prices fell by more than $3 a barrel on Monday following Israel's retaliatory strikes against Iran over the weekend, which did not target Tehran's oil and nuclear facilities and…
Farmers earn N1bn annually through sugar master plan – FG
The Federal Government, through the National Sugar Development Council, has announced that the out-grower scheme under the Nigeria Sugar Master Plan pays approximately N1 billion annually to around 535 farmers…
Operators peg untitled lands revenue loss to N36tn annually
Operators in the built environment estimate that Nigeria loses approximately N36 trillion annually due to untitled lands. The cost of land registration varies by location, with operators averaging the registration…
Dangote invests $280m in CNG conversion tech, infrastructures
The Dangote Group has announced an investment exceeding $280 million in Compressed Natural Gas technology and infrastructure. This move underscores the company's commitment to supporting President Bola Tinubu's CNG initiative…
FG to phase out wooden boats
The Federal Government, through the National Inland Waterways Authority is planning to phase out wooden boats on inland waterways. This was disclosed by NIWA Managing Director, Bola Oyebamiji, during a…
Over 100 Airlines shut down operations in 40 years — Keyamo
The Minister of Aviation and Aerospace Development, Festus Keyamo, has disclosed that the aviation industry has a high mortality rate, leading to the closure of over 100 airlines in the…
