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Tag Archives: nigeria-real-estate

What you must know about MORTGAGE in Nigeria Real Estate

National Housing Fund

For most Nigerians that have served the government or being into civil service for donkey years it is almost impossible that they save enough to own a piece of land talk-less having money to build their own houses. Therefore, many Nigerians do require one form of assistance or the other to become landlords. This assistance normally should come in form of mortgage, ...

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Nigeria’s real estate to learn from Dubai’s real estate sector global appeal

Nigeria’s real estate

The quest for diversification of the economy and attract foreign investment in Nigeria’s real estate is set for a boost with promoters of The Oceanna unveiling investment options for part-ownership, similar to what earned the Dubai real estate sector global appeal – The Nation The Group Managing Director, Palton Morgan Holdings, Adeyinka Adesope, said the hotel segment of the iconic project ...

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Nigeria Real Estate Experiencing Growth Despite Biting Economy

Nigeria Real Estate Experiencing Growth Despite Biting Economy

Despite biting economic situation in Nigeria, the National President, Real Estate Developers Association of Nigeria (REDAN), Rev Ugochukwu Obiora Chime confirmed last week in Abuja that the real estate sector is experiencing growth. He explained, “There is still housing development because many manufacturers in this country are operating at below 20 percent capacity utilisation of their factories so some of ...

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Nigeria Real Estate To Benefit From $200bn Foreign Investment

Nigeria Real Estate To Benefit From $200bn Foreign Investment

A group of international investors, under the aegis of Greenstone Capital International Africa and Tacnero Global, have disclosed plans to invest $200bn in five African countries, including Nigeria. According to the group’s legal adviser, Greg Anumenechi, in a statement on Thursday, the investment plan tagged: AMPLE, will also be extended into real estate, industrial, Information Technology, parks, education and the ...

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How oil prices could affect Nigerian Real Estate.

real estate

In an article originally posted on huffingtonpost.com, Kian Mioni, co-founder at Lamudi – an online real estate marketplace with operations in 32 countries, has expressed his fear in the real estate business in Nigeria considering the changes in oil prices. He stated that Changes in oil prices and the devaluation of the Naira have had a significant impact on the ...

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FG to commission Kashimbila multi-purpose dam in February

In its efforts to maximise opportunities such as potable water supply, agriculture, power, tourism, aviation, transport as well as trade & investment in the Kashimbila Multipurpose Dam for the benefit of the host communities and the country at large, the federal government is set to commission the Dam next month. The Minister of Water Resources, Mrs. Sarah Ochekpe made the ...

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Professionals predict tough 2015 for Nigeria’s real estate market

Nigeria’s real estate industry may not perform well in this current year, if the nation’s fiscal policy and the present regime of naira devaluation persist, professionals within the built environment have said, predicting low activities of the market in 2015. This is coming at a time the Central Bank of Nigeria (CBN) says it is working to beef up the ...

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Impact of Nigeria’s Rebasing on the Real Estate Sector

After Nigeria’s Gross Domestic Product (GDP) was recently rebased by measuring GDP estimates with a current base year price structure, Nigeria took over from South Africa as the largest economy in the African continent. This can be attributed to significant contribution by various sectors such as the real estate industry, which is estimated to be 8.01 percent and pegged at ...

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Interview with Jide Odelola; Vice President APICAN pt 2

NREH: Yes! Are you not taking money? NREH: Currently, our paper is online and we are more interested in the stories than in collecting money. Okay, but I need you to understand me. If somebody comes in here now and says he’s looking for a house and I get him a house, he’s supposed to give me whatever is due ...

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Interview with Jide Odelola; Vice President APICAN

NREH: So tell us about yourself sir? My name is Jide Odelola, born some years ago NREH: (Smiling) some years ago can be 2010 so when exactly? Well, I was born some years ago. At least I’m an adult. (Smiling) Anybody above 18 is an adult, isn’t it? Then I attended some schools. NREH: Like? (Laughing) And I taught in ...

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