Business
NSE Capitalisation Drops N43bn
As Nigerian Stock Market struggles to take shape after the petrol subsidy crisis, the market capitalisation of the traded equities at the end of transactions on Wednesday dropped N43 billion to close lower at N6.5 trillion, compared to N6.6 trillion traded by investors on Friday.
All shares market index also closed lower at 20,683.46 points as against 20,820.32 points traded by investors on Friday shedding 136.86 points or 0.7 per cent.
The volume of traded shares however, appreciated by 15,593,047 shares or 9.1 per cent, closing positively at 187, 084,595 shares, compared to 171,491,548 shares traded on Friday by investors.
Equity value declined by 15.6 per cent of N214.7 million to close at N1.2 billion as against N1.4 billion traded by investors on Friday on the floor of the exchange.
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FG Fixes Uniform Prices for Housing Units Nationwide, Approves N12.5m For 3-bedroom Bungalow ……..Says Move To Enhance Affordability, Ensures Fairness
“The approved selling prices are as follows: One-bedroom semi-detached bungalow, N8.5 million; two-bedroom semi-detached bungalow: N11.5 million and three-bedroom semi-detached bungalow, N12.5 million,” the statement added.
Minister of Housing and Urban Development, Ahmed Dangiwa, stated that priority in the allocation of the housing units would be given to low and middle-income earners, civil servants at all levels of government, employees in the organised private sector with verifiable sources of income, and Nigerians in the Diaspora who wish to own homes in the country.
The Permanent Secretary in the ministry, Dr. Shuaib Belgore, explained that several payment options have been provided to make the houses affordable and flexible. These include outright (full) payment, mortgage, rent-to-own scheme, and installment payment plans.
The ministry further announced that the sale of the completed housing units across the northern and southern regions will soon commence.
“Applications can be made through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.
The ministry, however, clarified that the approved prices apply strictly to the Renewed Hope Housing Estates which are funded through the ministry’s budgetary allocation, as against the Renewed Hope Cities in Karsana Abuja, Janguza Kano, Ibeju Lekki, Lagos which are being funded through a Public Private Partnership (PPP).
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