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Nigerian govt provides N500 billion to FMBN for mortgage facilities

Nigerian govt provides N500 billion to FMBN for mortgage facilities

Premium Times reports that the Federal Government says it has provided N500 billion to resuscitate the Federal Mortgage Bank of Nigeria, FMBN, to make mortgage facilities easily available to Nigerians. Mustapha Baba-Shehuri, the Minister of State for Power, Works and Housing, announced this in Lafia on Monday when he called on the Nasarawa State Deputy Governor, Silas Agara. The News ...

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Based On Logistics, Efe can spend his 25 million naira in a week…

Efe

Based on Logistics, you may be one to believe winning the just concluded #BBNaija 2017 came quite easy for arguably the most popular Warri boy at the moment, Efe Ejeba, looking at the votes he amassed on the final day. Spending the Twenty-five million naira judiciously may not come as easy as winning it. In this piece, we take a critical ...

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2 Turkish construction workers kidnapped in Nigeria

2 Turkish construction workers kidnapped in Nigeria

“Two Turkish construction workers were abducted from their hotel rooms in Nigeria’s oil-rich Akwa Ibom state on Sunday, according to a police spokesman Tuesday. Police officer Chukwu Okechukwu told the country’s official news agency, NAN, the workers were abducted from Eket, an oil-rich town that is dozens of kilometers (miles) away from the Akwa Ibom capital city, Uyo. “The state ...

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Suspected thugs destroy proposed Dangote-affiliated Onitsha depot

Suspected thugs destroy proposed Dangote-affiliated Onitsha depot

“Thugs suspected to be agents of an Anambra-born business mogul (names withheld), have been fingered in the wanton destruction of the property belonging to an Onitsha –based company, Bontus Oil and Gas Ltd. Bontus Oil and Gas is currently working out an arrangement with Dangote Group to be its main agent in Onitsha and its environs.”- Vanguard Officials of Dangote Group ...

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Why the value of land increased in Osun

Why the value of land increased in Osun

“For many who have seen Osun as a state where cheap or almost free land is easily available in the urban centers, they may need to have a rethink, as check around various areas in the state reveals the value of land has increased to around 1000% and 2000% in some cases in the past few years.” – Vanguard In ...

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House Price Index to attract funds to Nigeria’s N56trn housing market

increasing housing supply

According to Business Day, the Pison Housing Company has launched the Roland Igbinoba House Price Index (RI), a statistic designed to capture changes in the movement of residential property prices in major cities in Nigeria. Kehinde Ogundimu, executive director/chief financial officer, Nigeria Mortgage Refinance Company (NMRC), told participants yesterday at the launch of the RI in the main auditorium of ...

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Builders tasked on best practices

Builders tasked on best practices

“To ensure quality service delivery by professionals in the built environment, builders have been challenged to inculcate best practices on their clients, and ensure sound house keeping records to avoid hazards on projects. Participants at a two-day workshop on Mandatory Continuous Professional Development Programme organized by Nigerian Institute of Building (NIOB gave the advice in a communiqué on the theme: ...

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‘New Lagos environmental law mortgages state to foreigners’

New Lagos environmental law mortgages state to foreigners

The Guardian reports that a Lagos group, Concerned Citizens Forum, has given a fresh insight into the state’s new environmental law, describing it as not only draconian, unprogressive and anti-people but designed to mortgage it to foreign interests. In a statement issued in Lagos and signed by its convener, Michael Olayiwola, the group called on the State Government to immediately ...

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