Lawmakers fault govt funding MOFI with N150b at FMBN’s expense

The Senate on Wednesday expressed over the Federal Government’s M150billion investment in the real estate fund at the expense of the Federal Mortgage Bank of Nigeria (FMBN’s) capital share. The government through the Ministry of Finance Incorporated (MOFI) had subscribed to the N150 billion series 1 offering under the MOFI Real Estate Investment Fund (MREIF)…

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Nigeria lawmakers back FMBN’s recapitalisation

The National Assembly says its support for the Federal Mortgage Bank of Nigeria (FMBN’s) recapitalisation efforts aims to enhance the bank’s capacity to deliver affordable housing and reduce the nation’s housing deficit.  Chairman of the Senate Committee on Lands, Housing, and Urban Development, Sen. Aminu Tambuwal, stated this in Lagos during a top management housing…

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Global coalition urges IMO to reject biofuels in global shipping

A coalition of 69 international nongovernmental organizations, led by Corporate Accountability and Public Participation Africa (CAPPA), has urged the United Nations International Maritime Organization (IMO) to reject biofuels as a Global Fuel Standard (GFS) for international shipping. The IMO’s GFS is a technical measure aimed at reducing greenhouse gas (GHG) emissions from ships, in line…

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Schneider Electric report: home owners not leveraging tech

Global leader in the digital transformation of energy management and automation, Schneider Electric, has released the third edition of its consumer survey in a white paper showing that home owners are not deploying technology to conserve energy. The new report is titled: Evolving Home Energy Consumption: Intentions, Actions and Hurdles to Greater Home Energy Efficiency….

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How PachiPanda Challenge is empowering youth for sustainable future

As our world evolves, so do the environmental challenges we face. From the impact of climate change to the mismanagement of waste, the consequences of human activity on the environment are becoming more severe and harder to ignore. In Nigeria, issues such as deforestation, flooding, and erratic weather patterns continue to threaten livelihoods, disrupt ecosystems,…

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