Sunday, October 19, 2025
29.4 C
Lagos

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Greater PH, Masta Services to Build Airport City Housing Project

L-R: EMMA OKAS WIKE – CHAIRMAN, BOARD COMMITTEE ON INVESTMENTS REPRESENTING BOARD CHAIRMAN, CHIEF FERDINAND ALABRABA MAKING HIS OPENING ADDRESS WHILE AMB. DESMOND AKAWOR, ADMINISTRATOR, GREATER PORT HARCOURT CITY DEVELOPMENT AUTHORITY WATCHES.

With a strong resolve to ensure that one of the core focus of the Greater Port Harcourt City Development Authority (GPHCDA) of reducing Urban slums by mitigating the housing needs of Port Harcourt residents is realised, the Greater Port Harcourt City Development Authority has signed a Public Private Partnership deal with Masta Services Company Limited, a major wholly indigenous building, construction and engineering company to kick-start the construction of 2000 Units of Modern, Smart Residential Buildings within the proposed PH AIRPORT City.

At a brief signing ceremony at the Authority’s head Office, the Administrator of Greater Port Harcourt City Development Authority, Amb. Desmond Akawor, emphasized that the significance of the signing of the deal will rather be seen as a challenge to ignite the New Rivers vision coming on the heels of a recent award to the governor.

He also reiterated that one of the priorities of the Administration of Governor Nyesom Ezenwo Wike is to provide quality yet affordable shelter for the citizens in line with the United Nations Habitat Agency Charter which recently earned the governor a recognition award in the United States for his outstanding contribution in a category named Sustenable Cities and Human Settlements Awards (SCAHSA) which was given in recognition of Governor Wike’s outstanding achievements in the area of Urban Renewal, Sustenable Cities and provision of basic amenities to the residential areas of low-income earners.

He also promised the Authority will ensure total cooperation in providing enabling environment necessary for the realization of the delivery of the project within its scheduled time-frame.

Similarly, Mr. Emma Okas Wike, Chairman, Board Committee on Investments who represented the GPHCDA Board Chairman, Chief Ferdinand Alabraba also assured the investor that Rivers State in general and particularly the areas already designated as the PH AirportCity located near the International Airport is a safe haven for investors contrary to perceptions of insecurity held about the state.

He therefore lauded Masta Services for its confidence in the vision of Greater Port Harcourt City Development Authority and the Rivers State government while also encouraging other investors to leverage the opportunities for investment across various areas within the Greater Port Harcourt City.

In his response, Managing Director and Chief Executive Officer of  Masta Services Company Ltd, Bldr. Ugo Ohuabunwa, thanked God for this epoch making event and expressed his delight with the formal signing of the deal while assuring that every segment of Residents of Rivers state and the host community in particular irrespective of social and economic status have been factored into the overall project as it will accommodate from the High low- income to High High- income earners to own affordable modern Apartments within the PH AIRPORTCITY which will invariably guarantee a sense of belonging to all stakeholders.

Ohuabunwa also assured that the project targets to provide over 3000 employment opportunities during the construction period and after, thereby boosting and transforming the Economy of the adjoining communities and the State in general.

According to the Director of Communications and Marketing of the Greater Port Harcourt City Development Authority, Adebayo Adeoshun, the deal signed between the Greater Port Harcourt City Development Authority (GPHCDA) and Masta Services Co. Limited is aimed at boosting provision of modern and affordable housing stock in Port Harcourt.

The Project which will be delivered in phases of 500 Units each, shall be Built on 85 hectares of land which has been delineated for this purpose shall comprise of detached duplex 4Bedrooms Duplex and Terraced Houses, 1, 2 and 3-Bedroom Apartment Buildings.

The PH AIRPORTCITY shall also provide logistic Services base to Support the nearby International Airport Businesses including Tourism facilities.

The entire PH AIRPORTCITY is planned to be fully self reliant in Power, Water and Waste Management Facilities serviced with Schools, Medical, Fire Fighting, Police Posts and other Security systems, wide bodied Asphalt roads with sufficient provision for Greens and recreation Parks.

The PH AIRPORTCITY is located near the International Airport and within the PHASE 1A Area of the Greater Port Harcourt Development Area which covers an area of 2, 500 hectares.

Hot this week

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Stanbic IBTC Bank, LOXEA BYD forge alliance for Electric Vehicle Financing

In a strategic move to advance Nigeria’s shift toward...

CBN, Bank of Angola Sign MoU on Technical Co-operation at IMF/World Bank Meeting

In an effort to enhance bilateral cooperation and technical...

NBS: Nigeria’s Inflation Falls to 18.02% in September, Lowest Level in Three Years

Nigeria’s headline inflation rate fell for the sixth consecutive...

NUPEMCO Marks 2025 CSW with Nationwide Pension Awareness Activities, Huawei-Supported National Essay competition

The Nigerian University Pension Management Company (NUPEMCO) celebrated the...

Topics

VFS Global wins Global Visa Contract for The Netherlands

The Ministry of Foreign Affairs of the Kingdom of...

Stanbic IBTC Partners FATE Foundation on COVID-19 Treatment

  Stanbic IBTC Holdings PLC, a member of Standard Bank...

Exploring the global trends in politics & their impact

Elementum nulla turpis cursus. Integer liberos kusto euismod aene pretium faucibus ...

Africa: Smartphone Market Records 14% Growth in Qtr 1, 2021

Newly released data from IDC’s Worldwide Quarterly Mobile Phone Tracker shows...

NCC, SEC, NASENI CEOs to Discuss Business, Economic Recovery at WES 2024

All is set for the annual WorldStage Economic Summit in Lagos...

Stanbic IBTC Insurance Hosts 2nd Annuitant Forum on Life in Retirement

Retirement is often viewed as a new beginning, an...

ALSF Trains African Lawyers on Negotiating Economic Deals

The African Legal Support Facility has completed a two-day...

Insurance Meets Tech Confab 2.0 Set for Sept 28

The second edition of the Insurance Meets Tech (IMT)...
Exit mobile version