Real estate cash flow refers to the net amount of money generated by a real estate investment property over a specific period, typically monthly or annually. It’s calculated by subtracting all the expenses associated with owning and operating the property (such as mortgage payments, property taxes, insurance, maintenance costs,...
Lagos state
Hearing in the plea bargain application filed by the convicted kidnap kingpin, Chukwudumeme Onwuamadike (a.k.a Evans), could not proceed on Thursday due to the absence of the legal advice. Evans and his co-defendant, Joseph Emeka, had filed the application before a Lagos High Court, sitting at Tafawa Balewa...
Vice President Kashim Shettima has called for the maximisation of Africa’s blue economy projected to hit $405 billion by 2030. Shettima made the call during the 2024 International Maritime Conference, Reginal Maritime Exercise and Maritime Exhibition, among other activities held at Naval Dockyard, Victoria Island, Lagos, on...
Gas explosion rocked the Tejuosho NTA 10 axis of Lagos State on Wednesday, sparking a fire that gutted over 300 wooden shanties in the area. The blaze also affected the nearby Saint Heritage Children School on Adedapo Street, off Aralile Street in Surulere. “A gas explosion occurred at Tejuosho...
The police spokesperson in Lagos State, SP Benjamin Hundeyin, said a blogger identified as Stanley, will be prosecuted for allegedly defaming a businessman, Mr Emeka Okonkwo, AKA E-Money, in his online video. Hundeyin disclosed this on Monday, while parading the suspect before newsmen at the command’s headquarters, Ikeja....
No fewer than 3 persons lost their lives and seven persons with various degrees of injuries were rescued at the building collapse incident at Papa Ajao, Mushin, Lagos. Dr Olufemi Oke-Osanyintolu, Permanent Secretary, Lagos State Emergency Management Agency (LASEMA), confirmed the incident in a statement on Sunday in Lagos...
By OLA MODUPE, Lagos – The Federal Ministry of Works has announced closure of the Oworo-bound section of the Third Mainland Bridge, from midnight of Saturday (May 25) until 6.00 p.m. on Sunday (May 26). The Federal Controller of Works in Lagos State, Mrs Olukorede Kesha, announced this in...
Two women have lost their lives after being struck by lightning during the rain in the FESTAC area of Lagos State. Police spokesman in the state, SP Benjamin Hundeyin, made this known in a post he shared on his X handle – @benHundeyin, on Saturday. Hundeyin said that...
The Rapid Response Squad (RRS) of the Police Command in Lagos State have began a 24-hour bike patrol on the Third Mainland Bridge in Lagos. RRS made this known in a post it shared on its official X handle @rrsLagos767 on Monday. It stated that the Commander of...
In Lagos, Nigeria, a Certificate of Occupancy (C of O) is a crucial document for landowners. It proves legal ownership of land under the Land Use Act of 1978. With the rising cases of land fraud, verifying the authenticity of a C of O has become essential. Below...
The convicted billionaire kidnapper, Chukwudumeme Onwuamadike, popularly known as Evans and his co-defendant Joseph Emeka, charged with murder and attempted kidnap have opted for an option of plea bargain. The News Agency of Nigeria (NAN) reports that the state lead counsel, Mr Yusuf Sule, informed the court about...
By OLA MUDOPE, Lagos – No fewer than one hundred and fifty (150) distressed Nigerians have been repatriated back to Nigeria from the Republic of Chad. A post on Wednesday via NEMA X handle, said the Nigerians were assisted back in a voluntary repatriation exercise programme by the...
A Badagry Chief Magistrates’ Court on Tuesday, remanded a 58-year old man, Joseph Gamor in Awarjigoh Correctional centre for allegedly defiling his 13-year old daughter. The Chief Magistrate, Mr Patrick Adekomaiya refused to take his plea. Adekomaiya ordered the defendant to be remanded until July 29, pending legal...
Truck caught with passengers on top The Federal Road Safety Corps (FRSC), Lagos State Sector Command said on Monday that drivers of articulated vehicles having goods, passengers and animals crammed together would be prosecuted promptly. The Sector Commander of FRSC in Lagos, Mr Patrick Davou, said this during...
The Police Command in Lagos State has arrested two suspected kidnappers, Tewase Peter, 25, and Ternugwa Paul, 26, for abducting two teenagers from Benue State. The command’s spokesman, SP Benjamin Hundeyin, confirmed the arrest in a post he shared on his X (formerly Twitter) handle @benHundeyin on Monday....
The Trade Union Congress of Nigeria (TUC), Lagos State Chapter, has criticised the timing of the increase in electricity tariff, given the prevailing economic challenges facing the country. The State Chairman, Mr Gbenga Ekundayo, made this known, on Monday, during the picketing of the National Electricity Regulatory Commission...
By EZEKIEL OBI, Abuja – The National Drug Law Enforcement Agency (NDLEA) on Sunday said its operatives have intercepted three trailer loads of opioids at Abule Ado in Amuwo Odofin Local Government Area of Lagos State. The NDLEA also said three suspects were arrested in connection with the seizure...
In a bid to rid the country of fake and substandard products, the National Agency for Food and Drug Administration and Control (NAFDAC), has dismantled an illegal alcohol factory in Badagry. The agency, in a statement on Sunday in Lagos, by Mr Sayo Akintola, NAFDAC Resident Media Consultant,...
A global Cybersecurity Specialist, Exclusive Networks Africa (EXN) has said that by 2027, the estimated cost of cybercrime globally would hit $23.82 trillion. The Managing Director, Exclusive Networks Africa, Mr Anton Jacobzs, made this known on Saturday in Lagos at the inauguration of its first physical office...
The Murtala Muhammed International Airport (MMIA) Command of the Nigeria Customs Service (NCS) has handed over fake 1.2 million dollar notes and five cryptocurrency machines to the Economic and Financial Crimes Commission (EFCC). The Customs Area Controller (CAC), MMIA, Charles Orbih, said this during the handing over...