Criticism of Nigeria as a place to do business is widespread but misplaced. The scaremongers say the country is unstable, with a crumbling economy and threats from terrorist groups. They point to oil shortages, collapsing crude prices , the ferocity of the Boko Haram terrorist group and rampant corruption. But these snapshots do not paint a fair portrait of sub-Saharan ...

Nonprofit lender Community Investment Corp. has raised $200 million from three dozen banks to finance the acquisition and rehabilitation of apartments in low- to moderate-income areas in Chicago. CIC plans to use the money to fill a hole in lending created during the housing crisis that has been slower to close in some neighborhoods than others. Lenders that pulled out ...

The Inspector-General of Police (IG), Solomon Arase, on Wednesday mandated the Police Works Department of the Force to build 6000 units of modern houses for the rank and file personnel. Arase gave the mandate at a one-day workshop held for officers of the works department in Abuja. The IG, however, said that corrupt officers would not benefit from the project. ...

More revelations have been made at the ongoing trial of bankers involved in the re-circulation of mutilated currency notes meant for briquetting running into over N8 billion, as the court Tuesday was told how some of the suspects allegedly purchased properties in South Africa, invested in several housing estates and fuel stations in Nigeria, and operated fat accounts domiciled in ...

Many of the places with the hottest markets in May will come as no surprise to consumers — most are in California. Realtor.com determines “hot” markets based on two factors: the median inventory age in the market and the number of views per listing on Realtor.com, and the 20 hottest markets rank in the top 50 in both metrics. Nationwide, a ...

Defects liability period is a common feature of construction contracts. The defects liability period is the period of time within which the contractor is contractually obliged to return to the construction site to repair defects which have appeared in the contractor’s works. In addition, a certificate of practical completion is usually issued by the architect upon completion of the building ...

The study entitled: ‘The Lamudi Quarterly Barometer for Lagos,’ which was for the period between January and March, 2015, was based entirely on data on properties listed on the Lamudi platform by a network of real estate agents and property developers as well as data on search inquiries carried out by property seekers. The report showed that in terms of ...

UAC of Nigeria plc (UACN) may need to fortify its strategy in the remaining two quarters of this year if it remains committed to actualizing 2015 revenue target and improve profitability level. UACN, which is one of the largely capitalized companies on the Nigerian Stock Exchange (NSE) is a diversified business with activities in the following principal sectors: manufacturing and ...

The Veteran actress and wife of the late Nigerian playwright, Hubert Ogunde, Idowu Philips, popularly known as ‘ Iya Rainbow ’, in a recent interview with Punch has revealed how she got involved in Real Estate business. Excerpts from the interview below: “Q- Not many people know that you are into real estate. How did you get involved in the ...

Canadian investment giant Brookfield Property Partners has bought Center Parcs, trumping rivals bids for the holiday business and scotching a potential stock market float. The commercial property group won the auction for the UK holiday parks operator with an offer believed to have been just below the £2.5bn asking price that private equity owner Blackstone had sought for the business. ...