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Author Archives: NREH

Expert seeks new valuation standard in Nigeria

Mr. Jimmy Olayinka Omotosho, a portfolio executive at Broll Nigeria has stated that valuations are widely used and relied upon in financial and other markets, whether for inclusion in financial statements, for regulatory compliance or to support secured lending and transactional activity. This he said at the training forum of the Nigerian Institution of Estate Surveyors and Valuers, NIESV Lagos ...

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The BROUHAHA of OGA MARTINS – Episode 5

Welcome to another issue of the first ever Real Estate Fiction Series in Nigeria – The BROUHAHA of OGA MARTINS. If you have been following the story since the first episode, you will realize that Oga Martins has gone through a lot both at home with his co-tenants and at his new job. His life is not all gloom and ...

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The Nigerian Institute of Architects (NIA)

Inaugurated on the 1st of April 1960, the Nigerian Institute of Architects (NIA) was established after a detailed planning of its structures and systems by an 8-member study group two years earlier. However, the idea for the formation of an autonomous organization for professional architects was first conceived by three Nigerians living and training in England in the early fifties. ...

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NMRC resurgence sparks expectations of Market Boom

Mortgage In Nigeria

Expectations are high that Nigeria’s mortgage market which has, for too long, suffered slow growth, will experience a boom when the Nigerian Mortgage Refinance Company (NMRC), a private sector-led secondary mortgage market, starts refinancing more mortgages. The company, which launched 10,000 mortgages last year with an initial target of creating 200,000 mortgages, disclosed recently its plan to refinance one million ...

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China-Nigeria trade volume now up to N38trn

China Partners Nigeria on Housing, Infrastructure, Others - NREH

The consul-general of the People’s Republic of China, Liu Kan, has said that the volume of trade between Nigeria and China in 2014 was about N38.01 trillion ($18.1 billion). Liu said that there was relative increase in the exchange of goods and services in the year over the 2013 transactions. “Today, Nigeria is China’s third major export destination in Africa ...

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Delta embark on completing 150 houses for civil servants.

Civil servants in Delta State are up for good times as the government is making plans to look into housing for its workers with plans to complete about 150 housing units along Ibusa road, Asaba. The State Governor, Emmanuel Uduaghan gave the assurance to civil servants in the state last week during an inspection tour of the government owned 150 ...

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Rights activist, Henry Omoregie inducted by NIESV

Henry Enotiemwonmwan Omoregie, a popular social, political, environmental and human rights activist, has been inducted as a Fellow of the Nigerian Institution of Estate Surveyors and Valuers (NIESV). He was inducted among many others at a ceremony in Abuja. Omoregie, FNIVS, RSV, MNIM, is the Managing Partner, Henry Omoregie and Company, a firm of Estate Surveyors and Valuers, Real Estate ...

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FG declares 9,667 people eligible for housing scheme

The Minister of Finance, Dr. Ngozi Okonjo-Iweala, recently revealed that 33 Nigerians have benefited from the Federal Government’s housing programme under the mortgage refinancing scheme. The Minister also added that 9,667 people had also been cleared as eligible to benefit from the scheme. The minister said this while presenting a speech at the Caritas Nigeria Forumon Tuesday in Abuja. In ...

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Nigerite launches new decorative ceiling

Regardless of the competitive nature of the Nigerian building market, Nigerite Limited has further introduced a new product which they believe will add a new dimension to roofing for Nigerians. The building solutions company has launched a new product called Unique Ceil, an embossed ceiling which comes with a tastefully finished pattern. The new product unveiled at the company’s premises ...

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Failed Housing: We will return monies with interest and apology – NLC VP

The Vice President of the Nigeria Labour Congress, NLC, Issa Aremu on Monday assured aggrieved workers who subscribed to a failed NLC housing scheme, that their monies would be refunded with interest and an apology. Aremu said this while on Sunrise Daily on Channels Television, noting that the NLC had the responsibility to do so and also prosecute those culpable ...

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