Real Estate News

The Nigeria Mortgage Refinance Company (NMRC) plans to seek approval from members by the end of the month to triple the size of its debt programme to N440 billion ($1.44 billion), the state-backed mortgage agency said on Monday. Nigeria set up a mortgage-backed guarantee company in 2014, partly with World Bank aid, in an effort to boost lending through the ...

Worried about the lack of access to affordable houses, Vice President Yemi Osibanjo, President of the Senate, Bukola Saraki, Speaker of the House of Representative, State Governors and the private sector, will soon converge on Abuja to brainstorm on how to tackle the housing deficit. Key players from the private sector and the Central Bank of Nigeria (CBN), will also ...

Ace comedian Ali Baba has joined the growing list of celebrities who have reacted to the tragic tanker explosion which happened on Thursday at the Otedola Bridge, Lagos end of the Lagos-Ibadan Expressway. However, unlike his counterparts who took to social media to express their sympathy and extend condolences to families of victims who lost their lives during the tragic ...

Prof. Yemi Osinbajo would be declaring open the 12th edition of the Abuja International Housing Show, aimed at boosting housing investment in Nigeria. Festus Adebayo, Managing Director, FESADEB Communications Ltd., and the convener stated this in an interview with the News Agency of Nigeria on Monday in Abuja. The housing show which is the largest real estate festival in Africa ...

Another tanker explosion happened along Suleja road in Niger state this morning. This accident has occurred barely 24 hours after the petrol tanker explosion on Otedola bridge in Lagos that claimed the lives of 9 persons including a minor. The fire accident occurred at Mallam Karo, along Minna-Suleja Road involving a collision between a truck and a fuel tanker. The ...

Professionals in the housing industry, including other sundry stakeholders in business sector of the economy, are worried that many abandoned properties belonging to the Federal Government in Lagos are rotting away, despite different calls and efforts by individuals and firms to resuscitate the multi-billion naira worth edifices. Concerns emanate from the fact that despite the cry over accommodation deficits in ...

We got news this morning that Nigeria Real Estate hub ranked number 8 on the list of best 25 blogs in Nigeria. We are currently basking in the euphoria of this achievement because to become one of the Best Nigerian blogs from thousands of Nigerian blogs on the web using search and social metrics requires hard work, relentless efforts from our ...

Lekki Coliseum came alive last Sunday, 1st July 2018, when City People Magazine held its 4th City People Real Estate Awards which was attended by a lot of Real Estate companies’ CEOs in the Real Estate industry. Mr. Babatunde Raji Fashola, the Minister for Power, Works and Housing, was the Special Guest of Honour. He could not make it but ...

Imo State – A prosecution witness, Abu Sule, has told a Federal High Court sitting in Abuja that Ikedi Ohakim, a former governor of Imo State, gave him $2.2 million cash, which he used to purchase a property located at No. 60, Kwame Nkrumah Street, Asokoro, Abuja. Mr. Ohakim is being prosecuted by the EFCC on a three-count charge bordering ...

The Plateau State government has said the people protesting the Barkin-ladi killings that claimed over 86 lives invaded the Government House on Wednesday and in the process destroyed public property worth millions of naira. A statement by the director of press and public affairs, Emmanuel Nanle, Wednesday night sent to journalists in Jos and obtained on Thursday morning, said the ...