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NIESV Express Displeasure With State of Housing Delivery

BuildOptions unveils new housing estate project in Abuja

The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has expressed displeasure at the low rate of housing development in the country, urging government to make deliberate efforts to house Nigerians because of its socio-economic advantages. Members of the various faculties of the institution discussed areas the built environment that they want the administration of President Muhammadu Buhari to intervene ...

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Ambode Inaugurates Festival Mall

ambode and law against street begging & hawking

Festival Mall built at Amuwo Odofin in Lagos has been officially inaugurated by the Lagos State Governor, Mr. Akinwunmi Ambode. The mall was built by First Festival Mall Limited, a JV company between UPDC Plc., and Africa Capital Alliance and UPDC Real Estate Investment Trust. The mall, which construction works began in May 2013 and concluded in November this year, ...

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‘A New Garden City Will Emerge Soon’ – Wike

'A New Garden City Will Emerge Soon' - Wike

Rivers State Governor Barr Nyesom Wike has emphasized that a New Garden City of Port Harcourt will emerge at the end of the urban renewal programme of his administration. Wike stated this while speaking at the Inauguration Dinner of the 26th President of the Nigerian Institute of Architects. The governor who was represented by his Deputy Dr. Ipalibo Harry Banigo ...

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Nigeria Mortgage Refinance Company Lists Shares On NASD

Nigeria Mortgage Refinance Company Lists Shares On NASD

Investors interested in the ordinary shares of Nigeria Mortgage Refinance Company (NMRC) Plc now have opportunity to buy into Nigeria’s first and only mortgage refinancing company with the listing of the company on the NASD OTC Plc. The NASD is an over-the-counter (OTC) platform that trades on unlisted securities. It is licensed by Securities and Exchange Commission (SEC). The NASD ...

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Estate Surveyors Lament Abandoned Projects, Offer Solution To Quick Delivery

Lagos only has 500 registered estate agents – ERCAAN

Lamenting over the rate of abandoned projects’ throughout the federation, surveyors, under the aegis of Nigerian Institution of Estate surveyors and Valuers (NIESV) Board of Faculty, at its meeting last week, said the government of Mohammadu Buhari should make a difference and ensure delivery of all major projects. In their opinion, proper valuation of projects is sine-qua-non to effective implementation. ...

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Lagos Approves Flyover Bridge For Ajah, Abule Egba

Lagos State diverts traffic at Ojota loop

The Lagos State Government has approved the construction of flyover bridge for two of the State’s high-density traffic zones, Ajah round about and Abule Egba junction. The two major projects were approved by the State’s Executive Council and have been duly awarded to contractors for a speedy commencement of work. In a press release issued yesterday December 13th by the ...

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Nasarawa Governor Lays Foundation For N17.5bn Airport

Nasarawa Signs MoU To Construct Lafia Airport

The Nasarawa State governor, Umaru Al-Makura, on Friday inaugurated the construction of an international cargo airport worth N17.5 billion in Lafia. The governor laid the foundation stone for the project at Kwandere village, about 10 kilometres from Lafia metropolis. He said the conception of the airport was informed by the desire of his administration to create a formidable platform for ...

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Slowdown In Nigeria’s Property Market Damaging Bank’s Asset Value – AMCON

Slowdown In Nigeria’s Property Market Damaging Bank’s Asset Value - AMCON

Strong indications emerged last week that the slowdown in Nigeria’s property market for four successive quarters (from Q4. 2014 –Q3.2015) may have begun to take its tolls on the value of assets held by banks for the various facilities granted different classes of borrowers. Banking industry watchers believed the erosion of values of some of the assets acquired by banks ...

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Africa Needs $100billion Annually To Close Infrastructure Financing Gap – AfDB President

Africa Needs $100billion Annually To Close Infrastructure Financing Gap – AfDB President

The President of African Development Bank (AfDB), Akinwumi Adesina, says African countries need $100 billion annually to close infrastructure financing gap. Mr. Adesina disclosed this in an interview with the News Agency of Nigeria on Sunday in Abuja. He said that the bank had invested a lot in infrastructure, adding that the aim of the bank was to connect African ...

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