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Monthly Archives: August 2018

Property Maintenance: 5 Proactive Ways To Prevent Your Property From Losing Value

Property Maintenance: 5 Proactive Ways To Prevent Your Property From Losing Value

  If you’re a first-time homeowner, congratulations! Welcome to a world without landlords, co-tenants, roommates, or rents. Now that you’ve made a huge life decision and have acquired a home for yourself, it’s important to make sure that your investment is protected and its value preserved through time. Many a time, when people buy properties, after a couple of years, ...

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Presidential panel moves to recover N87b debts for FMBN

FMBN

Moves are presently being made by the Special Presidential Investigation Panel for the Recovery of Public Property to recover about N87 billion bad debts owed the Federal Mortgage Bank of Nigeria (FMBN) by developers. It was gathered that the debts arose from loans obtained by estate developers and primary mortgage institutions between 2009 and 2016. Preliminary investigations showed that some ...

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Federal Government defends $823M spent on Abuja light rail project

Abuja

The Federal Government on Thursday said that the 823 million dollars spent on 45.245 km Abuja light rail mass transit, inaugurated by President Muhammadu Buhari on July 22, was justifiable. The Minister of Information and Culture, Alhaji Lai Mohammed, who took journalists on a tour of the rail project in Abuja, said contrary to misconception by critics, the project was ...

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APBN decries bureaucracy in getting Building approvals, Land titles

land titles

President/ chairman of Association of Professional Bodies of Nigeria (APBN), Dr. Idris Omede has decried the delays on issuance of land titles, with a call that the ease of doing business through the Economic Recovery and Growth Plan (ERGP) should address the challenges. This is even as he disclosed that genuine government action to reactivate and reinvigorate Ajaokuta steel company ...

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Use qualified engineers to avoid dilapidated structures – NSE

Engineers

The Nigerian Society of Engineers (NSE) has advised governments at various levels in the country to make use of qualified engineers to avoid decayed and sub-standard infrastructures. While lamenting the dearth of excellence in sustainable engineering infrastructure in the country, they wondered why some state capital development agencies would not create or allow a desk office for engineers whose primary ...

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FG explains challenges with Lagos-Ibadan rail construction

Terminus market

The federal government Thursday explained the different challenges that slowed down the pace of the Lagos-Ibadan rail construction awarded at a whopping sum of $1.5 billion, saying a lot of gas and water installations in Lagos axis constituted a major challenge. Despite the challenges, the federal government equally directed the contractor handling it, China Civil Engineering Construction Corporation (CCECC) to ...

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FEC approves N72.9 Billion for apapa road reconstruction

Apapa

The Federal Executive Council on Wednesday approved N72.9 billion for the reconstruction of the road from Apapa to the toll gate on Lagos-Ibadan expressway in Lagos state. Minister of Works, Power and Housing, Babatunde Fashola, made this known to State house Correspondents in Abuja after the weekly cabinet meeting presided over by President Muhammadu Buhari. Fashola said the decision was ...

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Ten of 15 African countries seek to improve real estate and transparency index

African countries

CAPE TOWN – The latest Global Real Estate and Transparency Index (GRETI) has shown an improvement for 10 of 15 African countries, led by Nigeria and Kenya, an industry expert has said. The index by financial and professional services firm JLL has over the past two decades become established as the leading industry benchmark for assessing market transparency. London-based JLL ...

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