Online Marketing And Personal Finance

The National Housing Fund (NHF) scheme was established by Act 3 of 1992 to enable Nigerians in all sectors of the economy, particularly those within the low and medium income levels who cannot afford commercial housing loans, such as civil servants, traders, artisans, and commercial drivers etc., to own houses.   The Act stipulates that funding of the scheme will come from mandatory contribution of 2.5 percent of monthly income of Nigerians earning N3000 and above per annum, in both public and private sectors; commercial and merchant banks to invest 10 percent of their loans and advances portfolio; insurance companies to invest 20 percent of non-life and 40 percent life funds in the housing sector, with 50 percent of these directly in NHF and; financial contributions of the Federal Government. The pool of funds created by these becomes available to any contributor to borrow from, after contributing for a minimum of six months. Purpose The aims and objectives ...

Gwagwalada (FCT) -  The Academic Staff Union of Universities (ASUU) University of Abuja Chapter has begun an indefinite strike to draw attention to developments in the institution since after the work of the visitation panel. The union announced its decision on Monday after a meeting held at the mini campus of the institution. The Chairman of the branch, Mr Ben Ugheoke, told newsmen in Gwagwalada that the union had resolved to embark on an indefinite strike beginning from Monday. He said that the Federal Government on July 16, 2012 constituted a visitation panel to resolve issues affecting the institution but the white paper of the report had yet to be released. Ugheoke alleged that facts available to the union showed that funds allocated to the institution were being misappropriated, the Vice-Chancellor, Prof James Adelabu, was misusing power. He alleged that the vice-chancellor deliberately refused to pay their teaching, marking, supervision and professiona...