Business
Firm Nominates Banks To Provide Mortgage
The Lead Consultant
of the Rainbow World Project, Mr. Bode Adedyi, has disclosed that four banks are to provide mortgage to would be subscribers of the housing project.
The Lead Consultant made this known to newsmen in Port Harcourt, stressing that Rainbow World project has joined its peers in offering mortgage loans to prospective buyers for the purchase of the facilities.
Adedyi said the project which consists of 1,181 tastefully designed residential units creatively distributed as terraces, detached homes and 25 high-rise condmnium towers, stressing that the first phase is scheduled for completion in the third quarter of 2015.
He said the four banks nominated include, First bank of Nigeria Plc, and Diamond bank are to provide Mortgage to would be subscribers agents as Knight Frank, Pat Onukwuli and company, Homes and Homes are to provide real estate solutions.
Adedyi said the project is largely a private entity enterprise project with some participation of Rivers State Government by way of Land provision while the project was funded by First Bank of Nigeria Plc.
He said the board and Management Team are composed of most outstanding and successful Nigerians stressing that the Rainbow Town Development Limited Management offers impeccable Leadership to drive the project.
He said the overall objective of the exceptional development was to create an environment where the upper-class can live, work and play.
Adedyi the Lead Consultant of the project, is also the Management Consultant, Bode Adedyi Partnership (BAP) an Estate Consulting firm said he expects the public to key into the project through expression of interest and actual commitment on purchase.
However, Rainbow Town is located within a strategical position of proximity to the Trans Amadi business industrial corridor, sited on 23, 24 hectares of land and features residential, Commercial, recreational and educational property development of various types, designs and sizes.
Philip Okparaji
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.