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Olumo Rock is a popular tourist attraction in the city of Abeokuta, the Ogun state capital in Nigeria. It was used as a fortress by the Egba people in the early 19th century. Olumo rock, one of the most popular tourist destinations in Nigeria, West Africa, sits in the ancient city center of Abeokuta – a name which means “Under the rock”. Abeokuta was originally inhabited by the egba people who found refuge at the Olumo rock during inter-tribal wars in the 19th century. The rock provided sanctuary to the people as well as a vantage point to monitor the enemy’s advance leading to eventual triumph in war. The town of Abeokuta eventually grew as these new settlers spread out from this location. Abeokuta is just about an hours drive from the bustling metropolitan city of Lagos providing convenient access to an array of hotels, restaurants, clubs, casinos and various nightlife activities. Lagos is also home to the closest airport to Abeokuta, the Murtal

BARRING any last minute hitches, the Owerri Mall located at the old Somachi Park near the Imo State University will open in November. ​ Coming as a joint venture involving Resilient Africa, Somachi Investments, Terrestrial Real Estate and Median Infrastructure Development Company Limited. The gross lettable area is 9,800 square metres and marketed by Broll Nigeria, the sole letting agent. The shop sizes range between 20-450 square meters and under a minimum two years lease period.      Speaking during a tenants’ forum and a press briefing at the Oriental Hotel in Lagos last week, senior officials of Resilient Africa disclosed that 65 per cent of the mall has been leased out and initial opening day is slated for November.      As part of its commitment to ensure tenants adapt to the environment, the first set of tenants have been offered ‘beneficial occupation’ from end of this month, which is the rent free period allowed the tenants to fit-out their shops is between 30-6

THE African Union for Housing Finance (AUHF), a member-based association of mortgage banks, building societies, housing corporations and other organisations involved in the mobilisation of funds for shelter and housing on the African continent will hold its conference and annual general meeting in October at the Safari Hotel & Conference Centre, Windhoek, Namibia.     AUH is grounded on developing the institutional capacity of its members to enable them to effectively participate in addressing housing finance challenges on the continent; engaging with governments through member institutions; and developing partnerships with other regional and continental bodies on the African continent.     There is clearly room for growth. The World Bank estimates that if only the top 3per cent of Africa’s population were to access mortgages, the continent’s mortgage debt to GDP ratio could rise to 18 per cent (12 per cent, excluding South Africa). This activity could contribute as muc

Pipeline vandals at the Arepo area of Ogun State, yesterday allegedly killed ten operatives of the Department of State Services (DSS) in what was described as a ‘bloody encounter. The Guardian gathered that vandals, numbering over 20 and clad in black shirts and trousers, with red bands tied around their heads stormed Arepo creeks where they broke a pipeline belonging to the Nigerian National Petroleum Corporation, NNPC. They reportedly loaded over eight trucks with the siphoned petroleum product, while their members drove the trucks through Konu. There were however different versions as to how the DSS operatives were killed. Another report had it that the miscreants had already vandalized one of the Nigerian National Petroleum Corporation (NNPC) pipelines in the area and were siphoning fuel, when the DSS operatives arrived the scene and engaged them in a shoot-out. According to the report, the incident on Ishawo road happened at about 8.00pm. On August 30, 2015, four

The country has been recording daily average power generation of 4,196.11 megawatt/hour since last week, while energy sent out was put at 4,112.06 megawatts/hour (MWH) during the same period under review, according to the generation report by the Presidential Taskforce on Power. The agency put the total daily energy generated as at September 12 at 100,705.53 mwh, while the energy sent out was put at 98,689.54 mwh. The country had earlier recorded a peak energy generation of 101,839.37mwh and supply of 100,162.92mwh. This new generation and supply level however fell short of the highest peak generation of 4,729.30mw, which the country attained on August 25, 2015. The country’s energy generation has continued to fluctuate around 3,000mw to 4,500mw. Besides, the Permanent Secretary, Power, Dr. Godknows Igali, said that the recent increase in power supply is not as a result of rain, as speculated in some quarters, but it is as a result of increase in gas supply to the thermal

British universities have slipped down the latest international rankings, with only Cambridge making it into the top five institutions in the world – taking joint third place in a list dominated by big American universities. According to the QS World University Rankings, regarded as the most authoritative of its kind, Massachusetts Institute of Technology (MIT) is once again named the best university in the world, with Harvard climbing to second place from fourth last year. The UK still has four universities in the top 10 in the world. One of the biggest casualties, however, was London’s Imperial College, which in 2014 was ranked equal second with Cambridge but this year dropped to eighth position because of a change in the methodology used to rate universities. Oxford University and University College London (UCL) have both slipped down the tables; having been ranked equal fifth last year, Oxford slipped to sixth and UCL to seventh. Kings College London, ranked 16th in 20

The deadly Saudi crane collapse that killed more than 100 people in Mecca at the weekend has exposed a shoddy breakneck construction boom that some Saudis complain is ruining the holy city. For years, Mecca’s residents have lived with rampant building and development work as Saudi leaders seek to expand not just a holy site that received more than 2 million visitors during hajj last year, but the surrounding metropolis too. “Every two years they have a new plan that is nothing to do with the previous plan,” said one activist, who like many Saudis was nervous of giving his name. “So they have to destroy a bit of the past. That is why the people of Mecca and hajjees have been suffering for the last 15 years.” Frenetic building work is evident everywhere in Mecca, above all at the Grand Mosque, the vast complex of religious buildings spread over 356,800 square metres at the heart of the city, where Friday’s accident took place. The country’s monarch, King Salman, has pr

At least 107 people were killed and 238 more were injured when a crane collapsed on to the Grand Mosque during storms in the Muslim holy city of Mecca on Friday, the Saudi Arabian government has said. Mecca crane collapse: 87 dead at Grand Mosque Saudi Arabia’s civil defence authority says more than 200 people injured in preparations for annual hajj pilgrimage  Read more The country’s civil defence authority said on its Twitter account that rescue teams had been sent to the scene. It said stormy weather was to blame for the tragedy and offered its “sincere condolences” over the deaths and its prayers for speedy recoveries for those injured. In a tweet, the authority added that its authority’s director general Suleiman al-Amr attended the scene of the disaster. Pictures circulating on social media, which the Guardian could not independently verify and which were too graphic to reproduce, showed what appeared to be numerous bodies on the ground - as well as blood

Invest in the future, invest wisely! Real estate remains the best means of investment with higher % of returns on investment(ROI) all over the world.  Join the wise today by investing in "OAKWOOD PHASE 2"(A secured investment by the Free Trade Zone). Lagos-Ikorodu Road in 1947.No Obanikoro, Onipanu, Anthony etc then NEIGHBOURHOOD : New International Airport, Proposed 4th Mainland bridge, Lekki Free Trade Zone, Lagos Business School , New Seaport, Eleganza New Factory and Numerous Estates. TITLE:  Registered Survey Plan and Deed of Assignment. LAND SIZE :   60 X 120 FT  PRICE :    Outright Payment Plan: N4.5m per plot.  Instalmental Payment Plan:   N5m (initial deposit: N2m + N200,000 x12months ). OWNER/DEVELOPER:   PROPERTY WORLD AFRICA NETWORK { PWAN LTD} FOR MORE DETAILS AND SITE INSPECTION PLEASE CONTACT Us on  08126232402, 08029920225, 08038071737 - IBEJU LEKKI AXIS IS BOOMING It takes more than a wish to own a

The Group Managing Director, Nigerian National Petroleum Corporation, Dr. Emmanuel Ibe- Kachikwu, on Wednesday said the Federal Government would consider establishing new refineries for optimal performance of the oil sector. Kachikwu stated this while speaking to journalists in Kaduna shortly after he was conducted round the Kaduna Refining and Petrochemical Company. The GMD, however, said the corporation was working to get the refineries across the country to work to their optimal production with new business modules. He said, “What is obtainable is that most of our refineries are close to 30 to 40 years old; we need to begin to look at building new refineries in the same land space where they can share facilities so that you will have something to lean on when these old ones are beginning to kick out. “Obviously, we need new modules. Three out of the six units of the plants are down. Some of them for a very long period. We need to sit down and see what modules; how

THE Nigerian Electricity Regulatory Commission (NERC) and operators in the electricity power sector, including the distribution companies, generators and the Transmission Company of Nigeria (TCN) have adopted a new model for tariff adjustment considerations in the future. NERC and the operators of the power sector are expected to present the final model to the Presidency to secure government’s s buy-in before it becomes operational. The Multi Year Tariff Order (MYTO) methodology provides that minor review be carried out to incorporate changes in inflation rate, foreign exchange rate, gas pricing and generation capacity. At a consultation on the semi-annual minor review of MYTO-2.1 held in Abuja, yesterday, NERC Chairman, Dr. Sam Amadi stressed that the relevant data had been generated from the Nigerian National Petroleum Corporation (NNPC), the National Bureau of Statistics (NBS), the Central Bank of Nigeria (CBN) and relevant data generating bodies and a model future tariff adj

Lagos State Governor, Mr. Akinwunmi Ambode, on Wednesday gave an assurance that his administration will fast track the development of the Lekki Free Trade Zone, an emerging hub for foreign and local investors in the state. The Governor, who made the pledge while inspecting the LFTZ at Ibeju Lekki area of the state, said his administration would provide the necessary incentives required to hasten the development of the Zone expected to accommodate series of investments. Ambode spent about fours hours inspecting the Free Trade Zone which seats on a 16,000 hectares of land, expected to harbour the $11 billion Dangote Refinery and other multi billion dollars investments driven by consortium of Chinese companies. He expressed optimism that when the Zone commences optimal operations, it would go a long way to boost economic prosperity of not only Lagos state but also Nigeria as a whole. “I came here to see the level of development that is going on here. The Free Trade Zone is a

The Lagos State Government’s rent-to-own policy under the Homeownership Mortgage Scheme will soon commence, the Permanent Secretary, Ministry of Housing, Mr. Olatunji Odunlami, has said. “We are finalising the rent-to-own scheme; it takes some time for the government to bring out a policy or programme because it must be looked at critically,” Odunlami said at a meeting with allotees from the Mushin, Sangotedo and Igando scheme of the Lagos HOMS. The rent-to-own scheme was initiated by the former governor of the state, Mr. Babatunde Fashola, to encourage residents to participate in the state’s housing scheme aimed at reducing shortage of homes. Under the scheme, those who cannot afford the equity for an outright purchase of a house will pay a rent for a specific period, which will go towards offsetting the cost of the house. The permanent secretary said the state government was trying to expand the homeownership schemes as much as possible for people to key into. He a

The Nigerian National Petroleum Cooperation has commenced the process of recovering over $7bn (N1.4tn) in over-deducted tax benefits from joint venture partners on major capital projects. It was learnt on Sunday that the corporation had also engaged an international accounting firm to ascertain the exact amount due to government on the Strategic Alliance Contracts entered by Nigerian Petroleum Development Company, where up to $2.46bn (N484.6bn) of government money would be recovered. In a report submitted to President Muhammadu Buhari by its new management, detailing the corporation’s successes so far, the Group Managing Director of the NNPC, Dr. Ibe Kachikwu, stated that the firm had commenced its performance measurement and benchmarking. He added that the corporation had started what it described as value for money review of the NNPC and the JV companies covering the period of 2008 to 2013. The Senior Special Assistant to President Buhari on Media and Publicity, Mr.