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Real Estate Firm Sees Revenue Soar To ₦554M: International Edition
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SFS Real Estate Investment Trust has announced an expansion for the fiscal year 2024, showing a significant rise of 50.26 percent in net income, amounting to N477.09 million. On Tuesday, the company released a statement attributing this performance to consistent rental revenue, well-executed asset sales, and earnings from interests. The REIT’s gross income rose…
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Pwan Rejects Sec’S Ponzi Scheme Allegations
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The management of PWAN Group has denied allegations by the Securities and Exchange Commission that its real estate buy-back transactions bear the characteristics of a Ponzi scheme. In a statement provided to our correspondent by the firm on Thursday, PWAN characterized the SEC’s stance as “incorrect and deceptive,” underscoring that their project constitutes a…
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Imf Addresses Nigeria’S Covid-19 Loan Repayment And Unpaid Balances
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The American billionaire stated that his Gates Foundation will cease operations following the distribution of his fortune. On Thursday, the International Monetary Fund (IMF) announced that Nigeria has completely settled its $3.4 billion loan, which was borrowed in April 2020. The funds were released through the Rapid Financing Instrument, aimed at assisting with the…
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Lagos Targets 39 Structures For Demolition: Eviction Notices Issued
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The Lagos State Government has identified at least 39 structures situated within two upscale neighborhoods for teardown due to Right of Way requirements along the Ikota Riverbank in the Eti-OsaLocalGovernmentArea. The Ikota area falls under theMarokoOkunAlfaward,intheLekkisectorofthecity. This follows the issuance of indefinite eviction notices by the state government to those impacted, allowing them time…
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Gates Foundation Unveils $200B Pledge By 2045: A Landmark 25Th Anniversary Commitment With A Sunset Clause
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To commemorate its 25th year, the Bill & Melinda Gates Foundation has declared a historic pledge to allocate $200 billion over the coming two decades, with plans to extend operations until 2045. This landmark promise, which stands as the biggest charitable contribution in contemporary times, was disclosed through an announcement made by Foundation Chairman…
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Investors Demand Mentorship To Boost Kenya’S Startup Growth
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Participants in the startup community are urging seasoned business owners to share their accumulated wisdom and expertise with emerging entrepreneurs, aiming to foster the long-term development of the nation’s startups. Data from the Kenya National Bureau of Statistics indicates that almost 500,000 new businesses cease operations within their initial year, largely because of factors…
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