Okorocha built modern twin duplexes – The activities of the Imo State government have finally transferred to the private resident of the State governor, Chief Rochas Okorocha at Spibat Estate. The multi-million Naira Estate of the governor expands from Amakohia Uratta [...]
Company plans 1,000 housing units every year – An estate company, Gran Imperio Group (GIG), intends to provide about 1,000 upscale housing units every year. The developer has delivered Jacob Mews, NorthPointe I, II III and SouthPointe Phase I, consisting of [...]
Lagos Lowers Land Acquisition Cost – Mr. Babatunde Fashola, Lagos State Governor, has signed into law an Executive Order lowering the cost of land transactions throughout the state. He said the order is to ensure that land transactions are carried [...]
The Fed Government has directed primary mortgage inistitutions (PMIs) to process the applications of more than 66,000 Nigerians that requested for the 10,000 Nigerian Mortgage Refinancing Company (NMRC) housing programme. Addressing journalists in Abuja yesterday, the Coordinating Minister for the [...]
According to the media report on Monday, the Federal Mortgage Bank of Nigeria has got disbursed $630 million for constructing projects under the National Housing Fund (NHF).The Fund had been set up by the Federal Government Act 3 1992 in [...]
In highly developed economies in which pension continues to be adjudged profitable, cash earned from pension is definitely an excellent source of long-term financing for primary mortgage purchases. In this kind of jurisdictions, there is often little or without housing [...]
The Federal Government has got released the very first 10,000 Affordable Housing Mortgage Scheme under the Nigerian Housing Finance Programme in order to help connect the real estate shortage throughout the country. The launching, which is expected to alleviate constraints [...]
After increasing demand for commercial space as well as housing for middle-income and also young professionals throughout Nigeria, the nation’s housing market continues to grow together with the sector now valued at N6.4 trillion ($41.2 billion). According to a report [...]
Considering that the Lagos State Government one-year rent policy will not only favour tenants but additionally attract good agent’s return, the Association of Estate Rent Commission Agents of Nigeria (ERCAN), has placed its weight behind the policy. ERCAN in a [...]
In attempts to control the incidence of building collapse in the nation, especially in Lagos State, specialists in the constructed surroundings as well as others have taken towards the streets to sensitise individuals to the necessity of secure housing structure. [...]
The Federal Government with the Ministry of Lands, Housing and Urban Development as well as its parastatal, the Federal Mortgage Bank of Nigeria, will bring 5,000 units towards the current housing stock in the nation within the next 27 months. [...]
Mr. Ayodapo Shoderu, President of Nigerian Council of Registered Insurance Brokers, has told the Chartered Insurance Institute of Nigeria to provide additional assistance to the development of the broking business. He said this when he led a delegation of the [...]
Nigerians were listed among the leading foreign buyers of properties all over South Africa, having specific target on developing places rather than highbrow regions of Cape Town, Pretoria, Durban and also Johannesburg. For instance, Nigerians and other foreign buyers purchased about [...]
There are 102 new home owners appeared on Wednesday as being the 5th within the series of the general public draws for Lagos Home Ownership Mortgage Scheme held throughout Lagos. The series of draws began on March 4, this year. [...]
NIGERIA is set to join the league of countries exploring alternative technologies to achieve a reduction in costs of constriction of houses and infrastructure. The Ministry of Science and Technology announced yesterday that Nigeria’s pilot plant for [...]
Statistics has shown that the present housing for the populace is grossly inadequate and millions of citizens live in substandard environments or slums which lack basic amenities. The world over, urban population is on the increase and Nigeria is not [...]
Infinity Trust Mortgage Bank plc, a company that deals in lending lines of credit, started the year on an impressive note with growth spurt buoyed by rapid urbanisation and increased demand for housing. The company was also able to translate [...]
Worried by the incessant gridlock rocking Apapa metropolis, which houses the nation’s economic gateways, Apapa and Tin-Can Island ports, the Federal Government on Wednesday said that it is perfecting plans to move the controversial tank farms away from Apapa to [...]
Abeokuta Private Nature Park welcomes you to experience the ambiance and serenity of Nature. Abeokuta is a Heritage, Health and Eco-Tourist Attraction located in Dean’s Valley Westmoreland. The Park was officially opened on January 5th, 2003 by the Nigerian High [...]
Residents of Asaba and environs have complained about the increase in house rents in the Delta capital, saying that the situation had become unbearable. The residents laid the complaint on Sunday in Asaba, in separate interviews with the News Agency [...]
President Goodluck Jonathan on Thursday vowed to ensure that all Nigerians lived in decent houses. The President spoke at the inauguration of the Federal Mortgage Bank of Nigeria’s Aviation Village and the National Housing Fund electronic card in Abuja. According [...]
Over 500 houses illegally built on a land owned by the Police at Atipolome community in Mowo area of Badagry, Lagos State, have been demolished. The land covering over 64 hectares was acquired by the Police in 2006 and a [...]
GOVERNOR, Central Bank of Nigeria (CBN), Mallam Lamido Sanusi has called on the board of the Financial Market Dealers Quote to revive the market for commercial papers in Nigeria. Commercial papers are unsecured promissory notes with a fixed maturity of [...]
Governor Babatunde Fashola of Lagos State, yesterday, unveiled the tallest hotel in West Africa, the Intercontinental Lagos built at a cost of N30 billion. The hotel located at Kofo Abayomi Street, Victoria Island, Lagos, is a 23-storey building with 358 [...]
Nigeria’s Minister of Communication Technology, Omobola Johnson, has revealed that the Federal Government has put plans in place to speed up the delivery of much-needed infrastructure and will be working closely with Federal Ministry of Works to streamline and standardize the processes. [...]
BY MONSUR OLOWOOPEJO No fewer than 100 prospective tenants, Monday, stormed Office of the Lagos State Governor, Mr Babatunde Fashola, demanding the governor’s intervention as they claimed that they were duped by the landlord of the building at 59 Oriola [...]
The Lagos State Government has marked 30 defective buildings for demolition at Ebute-Metta area of Lagos, Southwest Nigeria. The action follows the collapse of a building in the area last week in which eight people died. General Manager, [...]
Dr. Jogun Onabanjo is the Chief Executive Officer of a real estate consulting firm, Onabanjo & Onabanjo & Co. He tells SIMON EJEMBI why people have challenges building their homes and how they can avoid pitfalls. Why people find it difficult to become [...]
Determined to develop the ailing Nigerian shipping business and create jobs for the unemployed youths, the President Goodluck Jonathan’s government is perfecting plans to establish a shipbuilding yard in the country. The ship building yard, when completed, is expected to help [...]
Home ownership options – Most working class people desire to own a house but have no means of doing so, MAUREEN AZUH writes on alternatives for such people Everyone desires to have a house of their own. But like everything else under [...]
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