Business

Investor Moves To End Land Grabbing In Edo

Published

3 years ago

June 6, 2022

The Managing Director of GlobaKey Investment ltd and Diamond Estate, Osazee Edigin, says his venturing into real estate is to nip land grabbing and cushion the effects of housing deficits in Edo State.

He said this while allocating lands to subscribers of the Diamond Estate in Evborohun community in Oredo local government area of the state.

Edigin said issue of land grabbing and sales of a parcel of land to multiple buyers has remained a teething problem for quite a long time adding that this has contributed immensely to housing deficits in the state.

He said with the move of people buying land from a registered body, guarantees its safety.

“We have actually come to open this community by putting an estate here and also encouraging our people to own their property.

“Today, we came for plot allocation to all our subscribers in Evborohun community in Oredo ward 2.

” We want to ensure that people no longer have the issue of land grabbing, the issue of community trouble, the issue of underdevelopment in the state.

” What we have done today is to create that platform for Edo people not to be worried when they buy lands from a reliable company like ours and we have come to partner with Edo people to ensure that we have a mini city here that will give them rest of mind”, he said.

For Mrs Akhimien Martha, one of the subscribers, she said she is fulfilled while calling on other Nigerians to invest in landed property noting that it is a risk worth taking.

Business

NNPCL Increases Fuel Price

Published

5 days ago

August 5, 2025

Editor

The Nigerian National Petroleum Company Limited, NNPCL, has increased the pump price of premium motor spirit across its retail outlets.

It was gathered that NNPCL retail outlets in Abuja have adjusted their fuel pump price to N955 per litre from N890.

This is the case in NNPCL retail outlets along Kubwa Expressway, Wuse and other parts of Abuja.

Similarly, the pump price hike has been implemented at filling stations in Kogi and Nasarawa.

This means that the petrol pump price was increased by N65.

This comes after independent petroleum product marketers and filling station owners in Abuja increased petrol pump prices to between N950 and N971 per litre at the weekend. Their decision followed an upward review of the ex-depot petrol price by Dangote Refinery to N858 per litre, up from N820.

Business

Naira Appreciates Against Dollar As External Reserves Swell

Published

5 days ago

August 5, 2025

Editor

The naira appreciated against the dollar at the official foreign exchange market on Monday to begin the week on a bullish note amid swelling external reserves.

According to the Central Bank of Nigeria’s exchange data, the naira appreciated to N1,531.95 against the dollar on Monday from N1,533.74 traded last week Friday.

This showed that the Naira strengthened by N1.79 when compared to the N1,533.74 exchanged at the close of work last week.

Meanwhile, at the black market, the naira remained stable at N1560 per litre, the same exchange rate traded on Friday.

The development comes as Nigeria’s external reserves had maintained a modest rise to $39.54 billion as of August 1st, 2025, up from $39.36 billion on July 30th.

Business

Naira Continues To Appreciate Against Dollar On Official Market

Published

1 week ago

August 1, 2025

Editor

The naira continued its appreciation against the dollar at the foreign exchange market on Tuesday.

Accordingly, the naira strengthened further to N1,533.18 against the dollar on Tuesday, from N1,534.21 traded the previous day.

This represents a gain of N1.03 against the dollar on a day-to-day basis and marks the second consecutive day of appreciation at the official FX market.

Meanwhile, on the black market, the naira depreciated further to N1,545 per dollar on Tuesday from N1,537 traded on Monday.

Recall that the naira had similarly closed Monday’s trading session with mixed sentiments, recording gains at the official market but depreciating at the parallel market.