Real Estate News

The Nation reports that the Borno Government on Tuesday said about one million houses and public structures were destroyed by Boko Haram insurgents in the 27 local government areas of the state. The insurgents also destroyed properties worth over N1.9 trillion in the past six years. The Permanent Secretary, Ministry of Rehabilitation, Reconstruction and Resettlement, Alhaji Yerima Saleh, disclosed this ...

“Members of Experiential Marketers Association of Nigeria (EXMAN) have been charged to see innovation, capacity development and solidarity among others as key factors to grow the industry. Outgoing President of the association, Dr. Rotimi Olaniyan, stated this at the inaugural industry awards, when he said these attributes would aid the speedy growth that is anticipated by industry players and practitioners.” ...

“To prevent flooding and make life more meaningful for the people, the Anambra State Government has increased its counterpart fund to about N1billion for execution of Anambra erosion projects under the Nigeria Erosion and Watershed Management project (NEWMAP).”- The GuardianProject Coordinator, NEWMAP, Mr. Michael Ivenso, who disclosed this in Awka, said Governor Willie Obiano-led administration reached the N1billion counterpart fund benchmark ...

According to PM News, the Federal Mortgage Bank of Nigeria (FMBN) on Monday disbursed N643 million loan to 740 federal civil servants who benefited from its Home Renovation Loan (HRL) scheme. The beneficiaries are the fifth batch in the scheme affords National Housing Fund (NHF) contributors opportunity to access mortgage loans of N1 million for renovation of their existing homes. ...

The Nation reports that Minister of the Federal Capital Territory (FCT) Malam Muhammad Bello has commissioned 300 affordable housing units and laid the foundation for the development of another 300 in Kaba District, Abuja. The Minister said the FCT Administration embarked on the project to give teeth to President Muhammadu Buhari’s efforts in tackling housing deficits in the country and ...

“The federal government on Monday released the full list of the 27 key industries and products included in the revised list of ‘pioneer status’ incentives for prospective investors. At the end of the meeting of the Executive Council of the Federation, FEC, last week, the Minister of Industry, Trade and Investment, Okechukwu Enelamah, disclosed the approval given to the 27 industries. Mr. ...

Business Day reports that the Federal Government yesterday, took a bold step to boost investment into the economy by enlisting 27 industries, to enjoy the new Pioneer Status Incentive (PSI). Pioneer Status Incentive is designed to reduce the cost of doing business in Nigeria by providing corporate income tax relief to qualifying companies making investments in industries designated as ‘Pioneer’. ...

“Acting President Yemi Osinbajo on Monday said investors who need to Invest in Nigeria must seize the opportunity now to avoid regrets in 10 years when Nigeria becomes sixth or seventh largest country in the world.” Business Day Osinbajo stated this on Monday when addressed the meeting of delegates from the Nigerian Initiative for Economic Development, NEID, United States, at the Banquet Hall of the Presidential ...

“Four Local Government Caretaker Committee Chairmen were relived of their appointments. Gov. Nyesom Wike of Rivers on Monday in Port Harcourt relieved four Local Government Caretaker Committee Chairmen of their appointments. According to a statement by Mr Simeon Nwakaudu, Special Assistant to the governor on Electronic Media, the affected committee chairmen are those of Gokana, Asari-Toru, Emohua and Ogu-Bolo Local ...

The Guardian reports that Lagos State Commissioner for Housing, Gbolahan Wasiu Lawal, will officially declare open the Real Estate Investment Trust (REITs) seminar scheduled for August 17, 2017 in Lagos. Management of Quant Capital Limited said in a statement that the seminar holds subsequently in Abuja, Port Harcourt and Kaduna. It General Manager, Ken Chiazor, noted that the seminar was ...