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Lafarge Group and Holcim completes $40b merger

Lafarge Group and Holcim

Lafarge Group and Holcim have successfully completed its $40 billion merger following the successful completion of the merger between Lafarge Group of France and Swiss Company Holcim. The new group to be known as LafargeHolcim will now work towards creating one of the highest performing companies in the building materials industry. The company said in a statement in Lagos on ...

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Jonathan’s Centenary City Project Is ‘Corruption Personified’ – PDP Vice Chair

centenary city

The Peoples Democratic Party’s (PDP) national vice chairman South South, Dr. Cairo Ojougboh has described the centenary city built during President Goodluck Jonathan’s administration as a ‘blueprint for corruption.’ According to WIKI, “Centenary City is an ambitious new project by the Nigerian Government to build a smart city along the same lines of as Dubai, Monaco and Singapore. The city ...

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Dollar-denominated Banana Island property transactions are illegal

Providers of luxury apartments in Nigeria’s high-end neighbourhoods usually advertise the sale or lease of their properties in foreign currencies, especially the US dollar. Banana Island in Lagos is one of such exclusive neighbourhoods where the sale or lease of property is denominated in dollar. The island is the most expensive place in Nigeria and one of the most expensive ...

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OPIC completes phase 1 of residential/industrial roads in Agbara Estates

Agbara estates

The Ogun State Property and Investment Corporation (OPIC) has completed 9.4 kilometres of residential and industrial roads in Agbara Estates aimed at developing industries in the axis; easing haulage of raw-materials and finished goods to and fro scores of manufacturing industries. Speaking on the construction of roads in the estates, Taiwo Aridegbe, OPIC’s general manager, said that government had constructed ...

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Ogun housing corporation partners Shelter Afrique on N2bn housing scheme

Ogun housing corporation

Shelter Africa, a Pan-African Finance institution that offers exclusive support on housing and real estate sector development in Africa, has pledged to support the construction of housing units for hundreds of civil and public servants in Ogun state government’s employ with N2 billion. Shelter Afrique, a partnership of 44 African Governments, the African Development Bank (AfDB) and the African Reinsurance ...

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FCTA assures Private sector investors on serviced land for housing projects

Significant reduction in construction activity in the FCT

The Federal Capital Territory Administration (FCTA) has assured on its commitment to providing serviced land for organized private sector investors in housing so as to make housing delivery easy and accessible. John Chukwu, FCTA Permanent Secretary, gave this assurance at the opening ceremony of the just concluded Abuja Housing Show. He pledged the administration’s readiness to liaise with relevant ministries, ...

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Lekki Gardens projects 1m housing units by 2023

Lekki Gardens projects 1m housing units

With what is, arguably, an impressive outing in the last three years during which it excited the Nigerian housing market with about 15,000 housing units in a total of 48 projects, Lekki Gardens is out again with an ambitious projection that targets one million housing units to be delivered by 2023. This target, according to officials of the company, is ...

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‘We Are Not Discouraged By Anything’ Say SA Retail Developers In Nigeria

Nigerian retail market

Nigeria has a housing deficit of 17million unit, however, despite uncertainties Real estate investors remains confident in economy. South African investors have been visible in most sectors of the Nigerian economy for the last decade. Right now, they’re bullish on development of retail malls. Nigeria and South Africa is the leading countries in Africa for largest real estate investments, according to ...

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