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NMRC makes mortgage market accessible for housing affordability

mortgage market

For the country to attain housing sufficiency, there is the need for the construction of affordable houses and access to adequate funding that will make cheaper mortgages possible. This is because affordability is critical in the quest of citizens to own personal homes with mortgage market. The difficulty in housing affordability, which boils down to financial capacity, has been further ...

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Road accident in Niger claims five lives

Road accident in Niger claims five lives - Nigeria Real Estate

The Federal Road Safety Commission (FRSC) in Niger said on Wednesday that five people were killed in an accident on Bida-Sabon Gida-Minna Road. FRSC Sector Commander, Yusuf Garba, disclosed this in an interview with the News Agency of Nigeria (NAN) in Minna. He said 19 persons, who were critically injured in the accident, were receiving treatment at the Bida General ...

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Ibadan-railway line – Ameachi discloses reason for delay

Ibadan-railway line - Ameachi discloses reason for delay

Minister of Transportation, Rotimi Amaechi, has explained why the Lagos-Ibadan-railway project has not been completed. He revealed that the relocation of the oil and gas, water and sewage pipes on the road was responsible for the delay. Amaechi disclosed this in Ibadan, at the monthly meeting of the Lagos-Ibadan-Railway line Project Steering Committee. He said the Federal Government was carefully ...

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Couple granted bail of 40,000 after defrauding Landlady of N490,000

Couple granted bail of 40,000 after defrauding Landlady of N490,000

A couple, Ademola Kafaru and Mojisola, who allegedly defrauded their landlady of N490, 000, were on Wednesday released on a N20, 000 bail each, an Ogudu Magistrates’ Court ruled in Lagos on Wednesday. The Magistrate, Mrs O. Sule-Amza, who gave the ruling, also ordered them to produce two sureties who must show evidence of gainful employment. The couple who lives ...

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Industry experts bemoan Nigeria’s low investment in infrastructure

Industry experts bemoan Nigeria’s low investment in infrastructure

Low tax revenues, huge obligatory spending and higher local currency debt amounting to 350 per cent have been adduced among reasons Nigeria has low investment in infrastructure development. Decrying the situation, renowned Chartered Accountant and current Chairman of the Lagos State Economic Advisory Committee Mr. Bode Agusto, pointed out that years ended 2016, Nigeria only invested 2.1 per cent of ...

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MBAN to surmount land title restrictions through “Formula 131”

MBAN to surmount land title restrictions through “Formula 131”

Lagos   –    Mortgage Banking Association of Nigeria (MBAN) on Wednesday expressed readiness to surmount the bottlenecks associated with land title processes through the introduction of “Formula 131’’. The MBAN’s President, Mr Adeniyi Akinlusi, made the disclosure in an interview with the News Agency of Nigeria (NAN) in Lagos. He said that formula 131 stipulates that the cost of obtaining land ...

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Dangote, Flour mills commences completion of Apapa-Wharf road project

Dangote, Flour mills commences completion of Apapa-Wharf road project

The Memorandum of Understanding signed between Dangote Industries, Flour Mills Nigeria and the Federal Government last year, on the rehabilitation and reconstruction of the Apapa Port Wharf Access road through Corporate Social Responsibility, is on course to meet the July, 2018 completion deadline. On Wednesday February 14, 2018, the President of Dangote Industries, Alh Aliko Dangote and GMD Flour Mills ...

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Property agent bags six months jail term for theft

woman bags six months

Property agent-An Ogun State High Court, Abeokuta, has convicted and sentenced a woman, Folashade Adeleke as she bags six months imprisonment without an option of fine on a two-count charge bordering on stealing. The convict who was arraigned by the Ibadan zonal office of the Economic and Financial Crimes Commission in 2016, pleaded not guilty to the two charges against ...

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NNPC set to recover N100bn landed property

NNPC

A subsidiary of the Nigerian National Petroleum Corporation, the NNPC Properties Limited (NPL), which manages the real estates of the NNPC on Tuesday said it has commenced the recovery of some NNPC’s landed property worth about N100 billion across Nigeria. According to a statement from the Group General Manager, Public Affairs of the NNPC, Mr. Ndu Ughamadu, the asset recovery ...

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Court forfeit properties linked to Diezani Alison-Madueke

Diezani Alison-Madueke

A Federal High Court in Lagos has adjourned until February14, a suit seeking final forfeiture of two penthouse structures, allegedly linked to a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke. The suit was adjourned to a further date following the absence of Justice Mojisola Olatoregun, who was said to be attending a workshop. Olatoregun had on December 5, 2017, ...

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