Omidyar Network today announced an investment in Hotels.ng, the largest hotel-booking platform in Nigeria. The company provides an online marketplace to connect consumers to more than 14,000 small and medium hotels in the country, most with no prior digital presence. The Series A round investment is part of Omidyar Network’s Consumer Internet & Mobile initiative, which focuses on supporting new ...

Real estate has no value if it has no utility, if it is not scarce and if it is not effectively demanded. Real estate has significance only as it satisfies man’s needs and desires. It is this man’s collective desire for property that gives rise to value. Thus, the ability of a property to satisfy man’s needs and desires together ...

The state of infrastructure is an essential framework in assessing and indicating the status of any urban system. The efficiency of any form of human avocation, including metropolitan area, largely depends on the provision of efficient infrastructure and services. It can therefore be concluded that the significance of infrastructure in the proper functioning of an area cannot be over-emphasised. The ...

Cayan Group has signed an investment-fund deal with Saudi Arabia-based MEFIC Capital for the construction of a commercial property in Riyadh, the Gulf-based real-estate developer said in a statement. The fund will be utilized for a project to be built on King Fahd Road, estimated for completion in the third quarter of 2017. Cayan Group – which has offices in ...

Estate surveyors and valuers have been tasked on the need for diligence, integrity and devotion in the course of their professional duties. According to Fola Aboaba, a professor of Agricultural Engineering, who gave the task,  these values were necessary especially in the professionals’ relationship with their clients, stressing that there was need for integrity for  professionals who want to get ...

The National President of Building Collapse Prevention Guild (BCPG) Bldr. Kunle Awobodu has said that the belief that Nigeria is safe from the seismic zone might not be correct as available data show that Nigeria is susceptible to earthquake. He said that earth tremors the country experienced in 1933, 1939, 1964, 1984, 1990, 1994, 1997, 2000 and 2009 is a ...

Four priests of the Anglican Church, Enugu, and over six other persons, were on Friday reportedly beaten up when members of the task force from the Enugu State Housing Corporation (ESHC), led by its managing director, Vitalis Emeka Onah, clashed with angry youths of the church over land dispute. The victims include Reverends Collins Odoabuchi, Mbaka Peter, Eugene, and Maxwell ...

Prime Minister of the Federal Democratic Republic of Ethiopia, Mr. Haile Mariam Desalegne, is expected to perform the opening ceremony at an event that will be graced by top members of the Nigeria business community. A statement from the Dangote Group indicated that the government and the people of Ethiopia are excited about the timely completion of the project and ...

Talk about home away from home, Pakistanis remained in pursuit of real estate in Dubai in the first quarter of 2015 as third biggest amount of foreign property transactions $379 million came from Pakistani nationals, according to local media sources. Pakistanis purchased properties worth over $4.3 billion (16bn dirhams) in 2013 and 2014 in Dubai, authorities stated. According to data ...

Egypt government is building 200,000 residential units annually as part of the Social Housing Programme, with 46,000 of them located in Cairo, according to the programme’s executive body head, Salah Hassan. In an interview with state television Sunday, Hassan said the cost of the units does not exceed EGP 135,000, “even though the real cost is double this figure, but ...