Business
Fendini Group CEO, Prince Laja Adeoye, Honored at 9th City People Real Estate Awards 2024
The Chief Executive Officer of Fendini Group, Prince Laja Adeoye, was recently recognized for his innovative and remarkable contributions and performance to Nigeria’s housing development at the 9th City People Real Estate Awards, 2024 edition.
The event which took place on Sunday, at the ASSO Hall, Maryland in Lagos, had in attendance the la creme of real Estate Industry, including the Pastor Ashimolowo’s Makarios Estate group.
According to Seye Kehinde, the publisher of City People Magazine and convener of the awards, this prestigious recognition honors individuals who have made significant strides in Nigeria’s real estate industry.
Prince Laja Adeoye’s leadership at Fendini Group has been instrumental in developing Rayfield Gardens City Estate, a 400-unit luxury and bespoke housing scheme in partnership with the Oyo State Government, located in Christopher Adebayo Alao Akala GRA Monatan Ibadan, the estate boasts a completed Supermall, duplexes, and ongoing development projects, including an uptown hotel, banking hall, schools, event hall, and hospital.
Upon completion, Rayfield Gardens City Estate promises to be Oyo State’s choicest destination for luxury properties.
Prince Laja Adeoye, while addressing journalists, noted that the Federal Government should create more enabling environment for Real Estate developers, through creation of more infrastructures, easy access to land and title and partnership with building materials manufacturers.
The Federal Government,just as they do for the manufacturing sectors they need to provide funding succour for Real Estate developers as well, because most of the challenges leading to high prices in the real Estate products, has to do with cost of funds, inflation, and regulatory policies.
He dedicated the award to God Almighty, his family, the Oyo State Government led by Governor Seyi Makinde, his team, and loyal subscribers. He encouraged the youth to pursue their passions and never give up, despite daunting challenges.
This recognition solidifies Fendini Group’s position as a leader in Nigeria’s real estate industry, and Prince Laja Adeoye’s commitment to delivering exceptional luxury living experiences.
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Business
WEF could appoint Lagarde as its next chair, sources say
The WEF’s Board of Trustees, which includes Lagarde herself, was due to meet on November 2 and could elect her as its next chair, said the people close to the organisation, who spoke on condition of anonymity due to the sensitivity of the matter.
•European Central Bank President Christine Lagarde
The World Economic Forum could appoint Christine Lagarde as its next chair as soon as next month, four people close to the organisation told Reuters, meaning she would step down early as European Central Bank chief and trigger a wider reshuffle at the top of the ECB.Lagarde’s ECB term is scheduled to end in October 2027.
Leaving early would give European Union leaders a chance to pick a new ECB President before France’s spring presidential election, which opinion polls suggest the far-right could win, and could pave the way for a deal involving two other senior ECB roles.
The WEF’s Board of Trustees, which includes Lagarde herself, was due to meet on November 2 and could elect her as its next chair, said the people close to the organisation, who spoke on condition of anonymity due to the sensitivity of the matter.
No final decision has been taken yet, they said.
A spokesperson for the WEF said the forum could not confirm when the next full Board of Trustees meeting would take place, but that the aim was to hold one before the end of the year.
Business
Germany plans tax on sugary drinks
The tax is expected to generate additional revenue for the federal government of €690 million in 2027 and €925 million in 2028.
The German cabinet has approved draft legislation to tax sugary drinks in Europe’s biggest economy.
If passed by the German Bundestag, the tax will take effect on 1 July 2027.
The coalition aims to raise revenue for the federal budget while encouraging manufacturers to reduce sugar content and offer healthier products.
The levy is intended to ease pressure on the healthcare system, which faces costs of more than €2 billion every year linked to the high consumption of sugary drinks, which contributes to obesity, diabetes and tooth decay.
According to the federal government, Berlin is using the tax to implement “what associations from the fields of health, science, child protection, and consumer protection have long been demanding.”
The tax is expected to generate additional revenue for the federal government of €690 million in 2027 and €925 million in 2028.
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