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Monthly Archives: February 2017

Groups urge ECOWAS to secure communities’ land rights

ECOWAS to wade into communities’ land rights

“If plans being made by the Civil Society Organisations (CSOs) in sub-Saharan Africa sail through, the long wait by communities to secure land rights may end soon. The groups gathered in Abuja to present to the Department of agriculture and Rural Development of Economic Community of West Africa States, the Land Policy Initiative of the African Union, African Development Bank ...

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Developers and firms in dilemma over rising cost of building materials

Building materials

“Efforts at improving the nation’s construction industry for the past few years may have suffered a setback, as property developers have recently seen an increase in the cost of building materials shoot up projects prices. Building firms and professionals currently witnessing slow transactions in the real estate sector are now grappling with a 150 per cent rise in material prices ...

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Fire guts Edo NYSC office

Edo NYSC ofice

The News reports that valuable properties worth millions of naira were destroyed in an inferno that razed the Edo NYSC office in Benin, Edo state, over the weekend. The News also states that the incident which was said to have occurred at about 3 pm on Saturday, completely destroyed a store containing hundreds of unused mattresses and chairs. Also consumed ...

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Investors beholding red signals for UAC Property, Nigerian Breweries

UAC Property, Nigerian Breweries

Vanguard reports that investors may be bracing up for another scorch-earth returns terrain in equities as companies begin to sound another round of profit warnings for full year 2016 results more of which are expected to be coming out from this week. UAC Property Development Company Plc, UPDC, fired the first salvo last Thursday when it announced it was expecting ...

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Delivering value in facility management in Nigeria

Samuel Ukpong on facility management

“1004 Estates Limited is a wholly indigenous real estate firm that was established by a group of investors to acquire 1004 Estates in Victoria Island, Lagos from the Federal government of Nigeria. The Managing Partner of the organisation, ESV Samuel Ukpong is a seasoned and unassuming professional who is focused on delivering value in the industry with emphasis on living, ...

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Rivers State Governor, Wike unveils land ship

Land ship unveiled

Vanguard reports that Rivers State governor, Chief Nyesom Wike, has formally unveiled Nigeria’s first ever land ship, MV Rivers Pride. The land ship was built by an indigenous maritime training institution, Charkin Maritime and Offshore Safety Centre. He also approved a certificate of occupancy for the land on which the land ship is situated at Ozuoba, on the East-West Road, ...

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FMBN’s N9b lifeline for 1,244 credit facilities

FMBN’s N9b lifeline

The nation reports that after  posting N2.7 billion as its operating surplus at the close of last year, the Federal Mortgage Bank of Nigeria (FMBN) has secured the Federal Government’s nod to boost affordable housing financing. The Acting Managing Director, Richard Esin highlighted the bank’s business performance  at a review session on FMBN’s operations last year. He said the bank ...

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Importance of DUE DILIGENCE for a Real Estate Investor

due diligence

Over the years, I have met several people who have gone into real estate investment without doing proper DUE DILIGENCE. Today I will be sharing with you the importance of DUE DILIGENCE for a real estate investor I am sure a number of people reading this have had a fair share of real estate investments that did not go well. ...

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FEC approves N126bn For reconstruction of 12 roads

FEC

“The Federal Government has approved N126 billion for the reconstruction of 12 roads across the country. The approval was formally made by the Federal Executive Council, FEC, meeting presided over by the Acting President, Prof. Yemi Osinbajo, at the Presidential Villa, Abuja, yesterday. The council also approved a new National Health Policy for the country. Briefing State House correspondents at ...

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A Brief History of Urbanisation In Nigeria

urbanisation

Urbanisation is an unavoidable global trend that has held sway since time immemorial. The situation is so intimidating that many governments are usually in a fix as to how to tackle its excesses. This article goes down memory lane in an attempt to explain how urbanisation started in Nigeria to the point we are now. Available data on urbanisation in ...

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