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Lagos Ministry of Environment to combat street trading in the metropolis

ambode and law against street begging & hawking

The Lagos State Government says it is set to combat the menace of street trading and hawking within the metropolis. This, the Ministry of the Environment noted in a statement, was part of efforts to attain a cleaner and healthier environment. The Permanent Secretary in the ministry, Mr. Oluwatoyin Onisarotu, was quoted as saying that traders that failed to abide ...

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“Cement standard is not responsible for building collapse”

Cement standard

LafargeHolcim says it has developed a technical training programme for members of the Nigerian Institute of Building and construction artisans to enable them acquire relevant skills to check the menace of building collapse in the country. The representative of the company, Tope Arowolo, who spoke at the 45th Builders’ Conference and Annual General Meeting of the NIOB held at the ...

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Nigeria mortgage agency seeks approval to raise capital

Nigeria mortgage agency

Nigeria Mortgage Refinance Company (NMRC) will seek approval from members by month-end to raise additional equity capital of 28.5 billion naira ($143 million) through a shelf registration programme, the state-backed mortgage agency said on Monday. NMRC set a price range of 4.50 to 7 naira per share for the first tranche of equity to be raised under the programme worth ...

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‘Ogun now a real estate investment destination’

The Chairman, Sparklight Group, a real estate development group of companies, Chief Toyin Adeyinka, has described Ogun State as investors’ destination of choice. Adeyinka, in an interview with journalists, said the state government had given priority to infrastructural development, the provision of affordable housing and creation of more jobs for the people. He said the development had attracted his company ...

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Stakeholders call for regulation of house prices

Regulation of house prices

Stakeholders in the built environment, who spoke at the recently concluded three-day Abuja Housing Fair, which was organised by FESADEB Communications Limited, said that there is a need for a regulatory framework that will prescribe the prices at which houses should be sold in the country. They noted that the move would eliminate excessive profiteering by landlords and property developers. ...

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Property market anticipates over 70,000sqm retail space in 2015

Malls in Nigeria

The property market in Nigeria will by the turn of this year, when many on-going developments will be completed, take delivery of over 70,000 square metres (sqm) of retail space located in various parts of the country. This number is expected to come from the 13,000sqm Owerri Mall in Imo State, 11,000sqm Circle Mall in Lekki, Lagos State, 13,000sqm Festival ...

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NEMA warns residents living in flood prone areas

IMO STATE: Following the recent prediction by the Nigerian Meteorological Agency (NIMET) on possible flooding later this year, the National Emergency Management Agency (NEMA), Imo State operations office, has warned Imo residents living in flood prone areas to be conscious of their environment and report any overflow of their river to appropriate authorities. The Imo State Coordinator NEMA, Dr Innocent ...

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RIVERS: N853m property destroyed, 94 killed in political violence

Destruction of property

No fewer than 95 cases of killings were reported to the Commission of Inquiry set up to investigate politically motivated killings and damage to property in Rivers before, during and after the 2015 general elections. According to a report by Daily Trust, the final report of the Commission of Inquiry came out with startling revelations which showed the killings occurred ...

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‘Properties are being over priced due to lack of market research’ – Vedelago

Dispute over Lekki land

The group managing Director of Wrothams Windsor, Richard Priye Vedelago in an interview with Paul Obi of ThisDayLive spoke about the potential of Nigerian property markets and public sector investment in properties and housing Read excerpts below: If you take a look at the property sector in Nigeria, there are speculations that the market is saturated and that there are ...

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