Real Estate News

“Stakeholders in the housing finance industry have inaugurated the Mortgage Warehouse Funding Limited, a special purpose company set up to provide short-term local currency and competitively priced funding to mortgage banks.”- Punch The MWFL, a private-sector driven initiative to enhance mortgage banks’ origination capacity, was incorporated in December 2014 and initially sponsored by a group of eight-member mortgage banks. The ...

Architect Ahmed Musa Dangiwa is the Managing Director and Chief Executive Officer (MD/CEO) of the Federal Mortgage Bank of Nigeria (FMBN). In this interview he expounds on the mortgage sub-sector and happenings in the bank in the nearly six months he has been on the saddle. When you came on board in April you said you wanted  to develop a ...

“The Edo State Government has concluded plans to reform its real estate sector with a new roadmap that provides for recertification of estate owners, repossession of abandoned properties and development of new estates across the state.”- This Day The new Executive Chairman of the Edo Development and Property Authority, (EDPA) Isoken Omo, disclosed this at the Government House, Benin City, on ...

TVC reports that Ogun state government has justified the reason for the rejection of more than 60,000 C of O illegal Applications under the Home Owners scheme. The Governor, Senator Ibikunle Amosun who was represented by the Commissioner for Urban and Physical Planning, Ronke Sokefun made this known in Abeokuta while presenting title documents to another set of beneficiaries of the ...

“The Acting Chairman, Economic and Financial Crimes Commission, EFCC, Ibrahim Magu has called on Estate Surveyors and Valuers to see their professional calling as strategic in nation building and avoid corruption that could tarnish their reputation.”- World Stage He gave the charge on Thursday, October 12, 2017 during the first joint Mandatory Continuing Professional Development (MCPD), for Nigerian Institute of ...

The increase in Nigeria’s population is at an explosive rate and as such housing delivery is at a dreadful shortage in the country. The lowest class of Nigerian residents are however the most disadvantaged as housing is not as affordable for them. Unfortunately, we do not have accurate housing data and the political will to get these lowest income groups ...

“Scores of traders on Wednesday marched to the office of the Minister of the Federal Capital Territory, Muhammed Bello, to protest an alleged attempt to demolish the Utako Ultra-Modern Market in Abuja.”- Premium Times The traders said that the Abuja Municipal Area Council, AMAC, had moved in equipment to demolish the market to pave way for a private firm, M.N. ...

“The Ogun State Housing Corporation (OGSHC) has begun the re-development of a 3,130 square metre (sqm) site on Ibara GRA-Onikolobo link road in Abeokuta, the state capital.”- The Nation Its General Manager and Special Adviser to the Governor on Housing Development, Olajumoke Akinwunmi, spoke yesterday in Abeokuta. Akinwunmi said the project is among initiatives of the Ibikunle Amosun administration to ...

“Niger Government on Wednesday announced the allocation of 30 hectares of land to Zungeru Polytechnic for the construction of games village through public private partnership.”- NTA The Rector of the Polytechnic, Dr Umar Ahmed, made the disclosure in a telephone interview with News Agency of Nigeria (NAN) in Minna on Wednesday. “ We have a master plan designed for construction ...

“Irrespective of the recent recession, the domestic property market has continued to attract investment opportunities. Stakeholders in the property sector at several times have attested to this, explaining that the real estate market has become a point of convergence for players from different sectors.”- The Nation The effect of this, experts say, is the steadily increasing investment in real  estate, ...