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Tag Archives: GDP

The Effect of Recession on Property Management Practice in Nigeria

Recession

Property management is an act of inter-mediation between owners and occupiers on issues affecting the parties arising from ownership and occupation of buildings. It is a conscious process of guiding and tailoring an investment in land into profitable venture. Its main concern is the optimization of the owners’ investment. On the other hand, an economy is said to be recessed ...

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Financial experts endorse movable assets as collateral at CIBN forum

movable assets as collateral

“The signing into law of the bill for using movable assets as collateral, popularly known as Collateral Registry Act has been described as moves in the right direction, by financial experts.”- The Guardian The law, which came on the realization that small business, estimated to have employed over 60 million Nigerians and accounted for 48 per cent of the nation’s ...

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Kano state to grant land and tax incentives to investors

Kano state to grant land and tax incentives to investors

Gov. Abdullahi Ganduje of Kano State on Wednesday says the state is ready to grant land and tax incentives to investors, to revolutionise agriculture and promote investments in various sectors. Ganduje said this at the 2017 Annual General Conference of the Nigerian Bar Association (NBA) in Lagos with the theme “African Business: Penetrating through Institution Building’’. The governor spoke at ...

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Nigeria lures state government with PPP model to take over federal roads

federal roads

“Nigeria Government moves to permit states government to take over federal roads in the country and rebuild them in partnership with the private sector, if necessary. At the Niger Investment Summit, Nigeria’s Acting President Yemi Osinbajo disclosed that, President Buhari has given approval that any state that seeks to construct a vital federal road can do so even it is ...

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Financial Sector loans to housing industry yet to pick up

Dr Okonkwo says real estate industry needs financing like others

“The volume of financial packages in the forms of loans and mortgage finances, which Nigerian banks traditionally provide to the country’s housing industry remain very low and yet to pick up from the country’s decent into an economic recession, the Nigerian Institute of Architects (NIA) has indicated.”- This Day According to NIA, though the federal government had insisted that Nigeria ...

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FG to open 100,000 hectares of irrigable land

landowners

The Nation reports that the Federal Government is planning to open up a minimum of 100,000 hectares of irrigable land through the 12 River Basin Development Authorities by 2020 to achieve food security. The plan is contained in Nigeria Economic Recovery and Growth Plan 2017-2020 (ERGP), a copy of which was obtained from the Federal Ministry of Budget and National ...

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LFTZ: Catalyst for real estate market, urban growth

LFTZ: Catalyst for real estate market, urban growth

The United Nations projects that Nigeria’s population will cross the 250 million mark by 2030. An estimated 10th of this figure will live and work in Lagos in an estimated area of 356,861 hectares of which 75,755 are wetlands. To the Lekki Free Zone (LFTZ), this presents development opportunities for real estate developers. Through the LFTZ, the host communities are ...

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How FMBN can boost housing stock, by professionals

Primary Mortgage Banks

“With Nigerian mortgage industry entering a new era in which efficiency, speed and the customer experience will be more crucial than ever, housing professionals have urged the new helmsman of the Federal Mortgage Bank of Nigeria, (FMBN) Ahmed Dangiwa to focus on cheap and long term funds, with low digit interest rates and longer debentures.”- The Guardian They believe that housing ...

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Top 10 Most Visited Countries In the World

most visited countries

There are many countries in the world that attract visitors to their domain daily; these countries are many foreigners’ delight. In this article, we take a look at the top 10 most visited countries in the world. What makes certain countries so attractive to visit for non-citizens of the countries? Economics, proximity to other affluent countries, and natural and man-made ...

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Expert predicts expansion for real estate market

Expert Predicts Expansion for Real Estate Market

This Day reports that the real estate sector is expected to record significant turnaround in 2018, the Chief Executive Officer of the Financial Derivatives Company Limited (FDC), Mr. Bismarck Rewane has predicted. Vacancy factor for the sector was estimated to remain high through 2017, just as replacement cost for the sector is currently far in excess of market values Rewane ...

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