How construction, real estate can drive growth, by experts

Worried by the decline recorded in their sectors in the last one  and half years, stakeholders in the construction and real estate industry have suggested ways  out of the woods. DAYO AYEYEMI reports While the dust raised by the 2017 third quarter data on Nigerian’s Gross Domestic Product (GDP) published by the National Bureau of Statistics (NBS) is yet to settle, continuous decline in the real estate and construction sectors of the economy has become a source of worry for practitioners in the built environment. Some of them, especially developers,…

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Arbitrators’ institute produces 8,000 experts

Chartered Institute of Arbitrators (CIArb) United Kingdom, (Nigeria branch), has produced over 8,000 professionals in maritime and other sectors of the Nigerian economy in the last 17 years. Chairman of the institute, Mrs Doyin Rhodes-Vivour,  said in Lagos that all practitioners in the sectors to adopt Alternative Dispute Resolution (ADR) to enable Nigerian economy attain the required standard. She explained that ADR was a resolution of disputes by parties through arbitration. A former President, Maritime Arbitration of Nigeria, Dr Omogbai Omo-Eboh, said that the association had the objectives of introducing…

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N’Korea missile launch attempt fails

  North Korea has failed to launch a missile on its east coast, South Korean and US military officials say, a day after Pyongyang warned the US amid rising tension in the region. The US said a ballistic missile exploded within seconds of the launch. Hours earlier, North Korea paraded what appeared to be long-range ballistic missiles at a major military display. It has already conducted five nuclear tests and a series of missile launches in contravention of UN resolutions. The latest development comes as US Vice-President Mike Pence heads…

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Just let Godwin Obaseki be

Edo people escaped the invading and importuning clutches of severe misrule and diabolic maladministration by the whiskers when the spirits of the ancestors and the provisions of the law booted out the Peoples’ Democratic Party (PDP) to usher in good governance under Comrade Adams Oshiomhole. PDP had been in power for 10 excruciating years and had bled the soul of the heartbeat state dry, looted the exchequer, and done enough damage to undo the exemplary works of the late Dr Samuel Osaigbovo Ogbemudia. Again, the desire for good governance and…

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Debt threatens FG’s economic recovery plan

Nigeria’s recently launched Economic Recovery and Growth Plan (ERGP2017-2020) appears to have been generally well received by industry experts. However, the country’s already high debt service ratio in proportion to income, is raising concerns in some quarters about government’s ability to fund the scheme. TONY CHUKWUNYEM writes   Nearly two years after he assumed office, President Muhammadu Buhari last Wednesday, launched what his administration has tagged the Nigeria Economic Recovery and Growth Plan (NERGP2017-2020). Although the event came about a month after the Ministry of Budget and National Planning posted…

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N’Korea ‘ready for nuclear attack’ amid show of force

  North Korea has warned the US not to take provocative action in the region, saying it is “ready to hit back with nuclear attacks”. The comments came as North Korea marked the 105th anniversary of the birth of its founding president, Kim Il-sung. Soldiers, tanks and other military hardware were paraded in Pyongyang in a show of strength on Saturday. It comes amid speculation that the current leader, Kim Jong-un, could order another nuclear test. “We’re prepared to respond to an all-out war with an all-out war,” North Korean…

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Doubt over Islamist link to Dortmund bombs

Investigators in Germany say there is “significant doubt” that Tuesday’s attack on the Borussia Dortmund team bus was the work of radical Islamists. They say letters found at the scene may be an attempt to trick people into thinking there was an Islamist motive. But they said it may have been the work of political extremists – from the left or right – or violent football fans. Two people received medical treatment after three bombs exploded near the team bus, shattering glass. Spanish footballer Marc Bartra underwent wrist surgery and…

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Top 100 Tourism Personalities West Africa to headline Accra Weizo 2017

As preparations peaked for this year’s Accra Weizo, a travel and tourism trade forum holding in Accra, Ghana, the organisers of the yearly event have revealed that their compendium on the Top 100 Tourism Personalities in West Africa would be presented to the public during the event. “Top 100 Tourism Personalities in West Africa is a report of ‘Who is who’ in the travel and tourism industry in West Africa. This is in line with the vision of Accra Weizo, the Economic Community of West Africa States (ECOWAS) travel and…

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