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Yearly Archives: 2015

U.S. to trace Nigeria’s stolen asset

The United States has said it will help Buhari  track down Nigeria’s stolen asset in billions of dollars and increase U.S. military assistance to fight Boko Haram militants. President Muhammadu Buhari’s visit to Washington on Monday is viewed by the U.S. administration as a chance to set the seal on improving ties since he won the 2015 March election. It ...

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Gov. Ugwuanyi of Enugu State Keeping faith with his campaign on social housing delivery

social housing delivery

Just recently, Gov. Ifeanyi Ugwuanyi of Enugu State in keeping faith with his campaign promises on social housing delivery, investment promotion and agricultural development, embarked on an investment assessment visit to the proposed East-Gate Enugu Airport City Development project being anchored by a private sector investor, NECI Land Development Corporation Limited. The proposed project which has 142 hectares of virgin ...

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A tour inside the world’s most luxurious hotel

World’s Most Luxurious Hotel

What makes the hotel thick or tick? Why is it acclaimed the only 7 star hotel in the world? Lets take a tour and find out. Thanks to the Financial Post we can give you a quick tour, in case you are thinking of visiting. You can also seize the opportunity to daydream! Let’s start here! The Burj Al Arab calls itself ...

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Dubai housing market slumps with 51% plunge in transaction volume

dubai housing market

Dubai housing market slumps with 51% plunge in transaction volume. Once again, the hitherto sizzling Dubai housing market has slumped, leading to as high as 51.8 percent plunge in the volume of transaction and 37.1 percent drop in the value of transaction. For close watchers of the global housing development, this development has significant impact on the world economy as ...

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‘Policy inconsistency a major problem in the housing sector’ – Architect

policy inconsistency

An architect, Mr. Lewis Ali has identified policy inconsistency in the housing industry as the major problem of development in the sector in Nigeria. He said that successive administrations have come up with one policy or the other for the development of the housing sector, but that such administration that formulates the policy never accomplishes it. Ali who disclosed this ...

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China’s fiscal revenue rises 13.9% due to property tax

China’s fiscal revenue

The Ministry of Finance said in a report last Thursday that China’s fiscal revenue rose 13.9 percent year on year in June, posting its biggest gain this year as property tax payments increased. Government revenue reached 1.53 trillion yuan (US$246 billion) in June, lifting the first-half revenue by 6.6 percent to 7.96 trillion yuan. The revenue gain last month was ...

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Lafarge Group and Holcim completes $40b merger

Lafarge Group and Holcim

Lafarge Group and Holcim have successfully completed its $40 billion merger following the successful completion of the merger between Lafarge Group of France and Swiss Company Holcim. The new group to be known as LafargeHolcim will now work towards creating one of the highest performing companies in the building materials industry. The company said in a statement in Lagos on ...

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Land Acquisition Policy in Nigeria

land acquisition in Nigeria

Since 1978, the major legislation regulating land acquisition within the country has been the Land Use Act of 1978 which states that all land in a State is to be held in trust by the State Governor for the benefit of all Nigerians. By law, foreigners may also acquire land wherever it is located in the country from either the ...

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Google slows down on real estate in first half of 2015

Google slows down on real estate

As the region’s real estate world reflects on the year’s midpoint mark, the Mountain View search giant, Google, occupies an unfamiliar position: That of bit player. Google slows down on real estate in first half of 2015 Google, which has driven so much real estate activity in recent years, has signed no significant leases and made few sizable property acquisition ...

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