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The Limestone Brouhaha of Ewekoro Community

Lafarge to invests in 300,000 low cost housing units by 2020

Limestone deposits exist throughout the world. In Nigeria, Ewekoro community is the ancestral home of this component of cement. These alkaline, sedimentary rocks were laid down mostly as deposits on the beds of ancient seas. A valuable natural resource, limestone has many uses in construction, agriculture and industry. Limestone quarries can be above ground or underground, and can cover large ...

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A Brief of Land Ownership In Nigeria

Land Ownership in Nigeria

Land Ownership in Nigeria is regulated by the Lands Use Act Cap 202 Volume 11 Laws of the Federation, 1990. The law vests ownership of all land within a state (except those vested in the Federal Government or its agent) in the Governor of the state who holds land in trust for the people and allocate same as far as ...

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The Federal Mortgage Bank of Nigeria: An Overview

Federal Mortgage Bank of Nigeria

Housing sector plays a critical role in the development of an economy. It not only affects the welfare of the citizens but also the performance of other sectors of the economy. It is one of the three most important basic needs of man, the others being food and clothing. Consequently, greater attention is being given by governments in the delivery ...

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Who truly owns Lagos?

Every man has a history so does a place. There has been various claims by some notable tribes as to who really owns Lagos, prominent amongst them are the Igbos who are the biggest investors in the largest city in sub-saharan Africa just like they are in the FCT. That would have been the same story in Calabar, Port Harcourt ...

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Essential tips for first time home buyers

home buyers

It has eventually come to that point where you feel you’ve grown out of your tiny, rented apartment and have built a career that provides a stable income. It looks like you’re ready to buy your first home! Buying your first home can be a daunting task, so we’ve provided some tips for first-time home buyers to help you enjoy ...

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Commission sharing among estate agents

commission

In selling, buying or leasing a property, you usually require the services of an agent or broker and a lawyer. Although some people conduct real estate transactions without the services of these people because of the fees usually attached, industry experts believe it is better to engage them rather than not since they make the job easier, know the going ...

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Property value and its agents

Property is a multidimensional product. Property value is dependent upon many characteristics associated with that property such as physical characteristics of property; location of the site in relation to employment centers and other recreational facilities (accessibility). In addition, the social and economic characteristics of neighborhood, including the presence of such amenities as parks, schools and community services affect value. Those ...

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Let’s talk Mortgage

A Mortgage is described by the Lagos State Mortgage and Property Law to be the transfer of any interest in a specific movable or immovable property, for the purpose of securing the repayment of a loan against an existing or future debt, or the performance of an engagement which may give rise to pecuniary liability. A Mortgage also includes any ...

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Is ‘FESTAC’ a lost cause?

What is today known as ‘FESTAC’ sprang from the 2nd Festival of Black Arts and Culture hosted by Lagos in 1977. The Festival which was under the grand patronage of former President of the Federal Republic of Nigeria, Chief Olusegun Aremu Obasanjo who was then a Lt. General of the Nigerian Armed Forces and the Head of the Federal Military ...

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An Overview Of The National Housing Policy

Challenges of housing in terms of quality and quantity appear to be the same all over the world. The needy have less access to housing while the less needy have greater chances of accessing housing. In Nigeria, housing is generally inadequate in the rural areas in terms of quality, while the major problem in urban areas is more of quantity, ...

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