Dangote Cement Plc has revealed its plans to expand the output from its Douala, Cameroon plant from the current 1.5 million metric tonnes per annum to three million metric tonnes by investing in a similar plant in Yaoundé. This is according to a report from PUNCH news. The President, Dangote Group, Alhaji Aliko Dangote, stated this during a recent visit ...
Read More »Monthly Archives: July 2015
850 churches have been destroyed by Boko Haram – PFN
The terrorism of Boko Haram in the north eastern part of Nigeria has taken many lives since the sect broke out about 6 years ago. Properties have also been destroyed, and in taking stock, one will realize how much work will need to be done in putting the north east back in shape, in terms of real estate. The President, ...
Read More »‘Atlanta in top 10 for commercial real estate demand’ – DTZ
According to a prominent real estate firm, Atlanta experiences a sizable boon in tenant demand for commercial real estate, which corresponded with the ascension of renting throughout the country. DTZ said the demand for real estate space rebounding in more than 70 percent of the country during the second quarter of 2015. The city of Atlanta was named in the top ...
Read More »UKTI & Ecotrends to organise exhibition on homes and property
The United Kingdom (UK) Trade and Investments (UKTI), Lagos, in collaboration with Ecotrends Limited, is to organise an exhibition on homes and property. Slated to hold between July 31 and August 1, at KFA Events Place Lekki, Lagos, the premier trade show will provide its exhibitors the platform to showcase and promote their products and services, giving them the opportunity ...
Read More »RMB Westport to unveil new mall along Lekki corridor December 2015.
The retail sector of the real estate industry in Nigeria is set to receive a boost, as an investor, RMB Westport, has concluded plans to unveil a new mall along Lekki corridor in Lagos State, December 2015. Called, Lekki Circle Mall, the initiative is coming after a successful completion of the popular Ikeja City Mall, also owned by the same ...
Read More »Al-Amin reassures commitment to FHA’s transformation drive
Determined to follow through on his vision to transform the Federal Housing Authority (FHA), its Managing Director, Professor Mohammed Al-Amin has said that FHA’s management will not be distracted on its mandate to turn around the Authority. Al-min, who said this in Abuja at the weekend during a ceremony to mark his investiture as an ambassador of ethics and conscience, ...
Read More »Enugu Govt. partners with BTG to deliver 1000 housing units
Believed in its capacity to deliver, the Enugu State Government has struck a deal with a local real estate development firm, BTG Group Nig. Ltd., to deliver 1000 housing units with a new mass housing solution. This came to the fore last week, even as BTG Group has concluded on a partnership agreement with WEILER GMBH Germany, to set up ...
Read More »What you should know about Ikoyi
Ikoyi is the most affluent neighborhood of Lagos, Nigeria located on Lagos Island. It is an up-market residential island separated by a narrow waterway from Lagos Island to the west inhabited by expatriates, Nigerian military rulers or you can say it is popular with the upper class residents of Nigerian high society. It lies to the northeast of Obalende at ...
Read More »Qatar: Barwa Real Estate unveils five-year business plan
Barwa Real Estate, one of Qatar’s largest listed real estate companies, announced a five-year business plan on Monday which targets a return on equity of no less than 15 per cent to the end of 2020. Under the 2016-2020 plan, Barwa is looking at QR15 billion ($4.1 billion) of capital expenditure for the next five years, according to a bourse ...
Read More »Nigeria-USA Chamber to raise $1bn diaspora fund to help plug infrastructural gap
The Nigeria-USA Chamber of Commerce (NUSACC) has concluded plans to hold a summit where at least $1 billion Diaspora funds will be mobilised to help plug infrastructure gap in Nigeria. The 5th International Summit will take place between August 27 and 29, 2015, at Mayflower Renaissance Hotel in Washington DC, the United States. A statement by Primus Igboaka, secretary, NUSACC, ...
Read More »