The Managing Director/Chief Executive Officer of Federal Mortgage Bank of Nigeria (FMBN), Mr. Gimba Yau Kumo has unveiled his determination to establish the Nigeria Navy Primary Mortgage Bank (PMB) for efficient processing of Naval National Housing Fund (NHF) loan application. Kumo who disclosed this during a courtesy visit to the Naval Headquarter in Abuja noted that Suntrust S & L ...

Martins could not sleep; he kept rolling from one part of the large upholstered bed to the other in a bedroom that looked like a relaxation station of unbroken dreams, sometimes stealing occasional glances at the brown rug that covered the bed area of an already tiled floor and other times staring hard at a ceiling that had assumed a ...

Despite the cumulative debts by the Federal Government on roads repaired by Ondo State Government, Governor Olusegun Mimiko has promised to put up palliative measures to ease vehicular movement on the traumatic Akure-Ado Ekiti federal road. While commenting on the state of infrastructure in the state at a stakeholders’ meeting in Lagos on Sunday, Mimiko dislosed that contractors had been ...

The Lagos State House of Assembly Adhoc Committee on the recent mudslide in Magodo area of the state says the government needs to do more on the safety of residents. Lanre Ogunyemi (APC-Ojo II), the Chairman of the four-man Adhoc Committee on the incident, made the plea during an inspection of the site on Monday. The News Agency of Nigeria ...

The sale of Ikeja City Mall to South African Real Estate Investment Trust (REIT), Hyprop Investments Limited (Hyprop) and Attacq Limited (Attacq), a JSE-listed real estate capital growth fund has been confirmed. Hyprop acquired a 75% interest in Ikeja City Mall and Attacq has acquired the remaining 25%. Actis, a leading emerging markets investor and local partner Paragon Holdings sourced ...

For a healthy environment and quality standard of living, there is a need to implore strategies to save our built environment from degeneration. The incidence of poor housing quality in Nigeria and the negative effects emanating from it is quite worrisome. Nigeria has a wide range of severely degenerated urban environment resulting from the rapid rate of urbanization. In view ...

In pursuit of making Lagos a live-able city, government has pledged to ensure the sustainability of ongoing urban regeneration programmes. To this end, an initiative known as ‘Metropolitan Park’, designed along the popular Central park in New York, USA, is commencing in 2016. The project is to be sited at Aiyeteju, in Ibeju-Lekki Local Government area of Lagos, with five ...

Dangote Cement is set to reward about 3,783 of its customers in Nigeria for their loyalty and patronage. As a way of compensating its ever-growing customers across the country, Dangote Cement, from yesterday, Monday November 16, 2015 commenced its biggest promo that will benefit 3, 783 customers. The Dangote Mega Million Dash (#DMMD) promo, which was activated across the country ...

Real Estate professionals have called on the newly appointed Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola, to engage all professional bodies within the construction industry to chat a common course on housing delivery. The dialogue, according to them is inevitable, as all the professional bodies within the industry needed to make input in order for the minister ...

A Lagos-based developer, Messrs Grenadines Homes has launched a new luxury business and residential development in the city’s skyline. The project christened Atlantic Resort is to be built on 3.4 hectares of land and will comprise one commercial tower and two residential towers located on Water Corporation Drive, off Ligali Ayorinde Street, Victoria Island, Lagos, and overlooking the Atlantic Ocean. Dubbed as the ...