by Shikenan Staff Writer   on Fri, April 6, 2012 
online nigeria| weekly round up by April 6

 We skip the Nigerian political scene & gossip. We go straight to finding opportunities, innovative , informative , and good to know articles that matter to Nigerians in Diaspora happening each week around the internet. Weekly Roundup | The best of Nigeria Online April 6

Investments in Nigeria:

  • Nigeria set to earn $100bn annually from local software content -
    Chris Uwaje, Chairman of the Institute of Software Practitioners of Nigeria, (ISPON) has disclosed that Nigeria can earn $100 billion annually if its software local content is properly harnessed.

  • Gas Supply - World Bank to Increase Gas Guarantee to $600m -
    The World Bank plans to increase its aggregate guarantee on gas purchase and supply by an additional $200 million, bringing to $600 million its current portfolio on the gas supply project.

  • Bill Gates gives $12m grant to boost yam production -
    The Bill and Melinda Gates Foundation gave a $12-million (nine-million-euro) grant Monday to a project aimed at boosting yam production and doubling the income of west African farmers of the crop.

  • ECOWAS Bank expends $45.5m on programme in Nigeria -
    The Economic Community of West African States (ECOWAS) Bank for Investment and Development (EBID) has so far invested US$45.5 million as intervention fund in various projects in private and public sectors of the Nigerian economy, the President of the bank, Mr. Bashir M Ifo, has disclosed.

  • Nigeria set to qualify as Investment Grade Sovereigns -
    Even with the current total national debt of N6.5 tn and the possible increase to N11.4 tn Nigeria has been considered as one of the Emerging Markets (EM) that can proceed to the next sovereign grade; the Investment Grade a precursor to Nigeria joining the BRIC'sif she successfully sustain her economic indices and maintain her fiscal regime with little adjustments.



Nigerian Real-estate News:

  • Are Prices of Houses Over-valued in Nigeria? -
    Over the years, Nigerian property market observers have watched alarmingly as the cost of buying houses soared astronomically beyond the reach of many. In Lagos, Port-Harcourt and Abuja for example, the prices of land and houses in prime locations has climbed up to two hundred per cent higher than their initial worth back in the early ’80s.

  • Surveyors Harp on Provision of Mortgage -
    Members of the  Nigerian Institute of Quantity Surveyors have called on stakeholders in the nation’s real estate sector to provide 1 million Nigerians with mortgages to acquire their own houses every year, at an interest rate of about 10 per cent and tenure of not less than 15 years.

  • Actis foresees bright future for Nigerian retail real estate -
    Actis, a private equity investor, has revealed that a bright future awaits the Nigerian retail real estate. This was made known at a meeting of senior business leaders organised by Actis in Lagos at the weekend to discuss Nigeria’s retail revolution.

  • N654m YABATECH tallest building to be launched -
    The first tallest building in Nigeria's first higher Institution, Yaba College of Technology, YABATECH, has reached its completion stage after 65 years of its existence.

Only in Nigeria:  

Innovations to kep any eye on in Africa/Nigeria:

Good to know happenings around Nigeria & Africa:



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