The Pan-African finance institution exclusively supporting the development of affordable housing and real estate sector in Africa, Afrique has signed a Memorandum of Understanding with the Customs Coop of Nigeria. The MoU was signed during a working visit by senior Customs officials to Nairobi, Kenya. The MoU will see the two organisations come together to ensure the successful delivery of 5000 ...

Amid haphazard development, continued uncontrolled growth of cities and towns, architects are demanding to be included among town planners in matters of physical development, especially city planning activities in the country. The Nigerian Institute of Architects (NIA) made the call at the 2015 Colloquium of the institute with the theme, “Architecture and the National Development Agenda, and also called for the development of a national integrated physical development ...

Investors piled into Pakistan’s first real-estate investment trust, which was launched last week with a public offer that was heavily over-subscribed, the REIT’s lead manager and analysts said on Thursday. The Dolmen City REIT offered investors a 25% stake in a 22.24 billion rupee ($218.5 million) shopping mall and an office complex at Dolmen City, one of the most prominent real ...

Contrary to pre-veiling economic head-winds across sectors of the economy, experts project that the Nigerian real estate sector will experience a gradual growth. Adekunle Oyinloye, managing director, The Infrastructure Bank (TIB), says the real estate sector is projected to grow by 10 percent annually in the next 10 years. Oyinloye said this while delivering a paper on “The Infrastructure Banker’s ...

Who really should be responsible for the refurbishment of a previously occupied apartment? Welcome to another episode of shelter matters on your number 1 hub for real estate matters in Nigeria. The matter arising today might be perceived in a very concerned and harsh tone as I am experiencing today’s topic first hand and not close to being imagined. Shelter ...

Immediate past Minister of Lands, Housing and Urban Development, Mrs. Akon Eyakenyi took a critical look at her one-year stewardship and posited that she had laid an enduring foundation for her successors to build upon. Eyakenyi who was emotional when she received board members of the parastatals in the ministry who came to bid her farewell, noted that although she ...

According to the estimates of stakeholders in the real estate financing sector, more than 50% of Nigerians need social housing Stakeholders state that about 85 % of Nigerians still live in rented apartments and pay more than 40 % of their annual income as rents. Lead Capital Plc Chief Executive Officer Lead, Prince Bimbo Olashore said that the real estate sector, ...

Dangote Cement Plc., owned by Africa’s richest man, Aliko Dangote, has commissioned $500 million cement plant in Ethiopia. The inauguration of the cement plant which was held last Thursday, had in attendance, several Nigerian business leaders and government officials from Ethiopia led by the Ethiopia Prime Minister, Haile Mariam Desalegne. The cement plant has an installed capacity of 2.5 million ...

Buoyed by the seeming success being achieved in housing delivery in the state, Lagos Homs board management has set to introduce different products that would attract more ownership in the metropolis. Speaking on the backdrop of the last draw where 42 beneficiaries took possession of their homes, Chief Executive Officer (CEO) of LagosHoms board, Mr. Akinola Kojo Sagoe, said the ...

Estate Surveyors and valuers are not so well perceived in the public’s eye, that’s if they are even known. Albeit, a distinguishing feature of a profession is its acceptance of its responsibility to the public. The clients of Estate Surveyors and Valuers consist of the three arms of government; private investors, the business and financial community, and others who rely ...