Real Estate News

History of some sort will be made this month, following plans by the Nigerian Mortgage Refinancing Company (NMRC) to provide its first tranche of refinancing for existing mortgage loans in the market, totaling about N10 billion, which will deepen affordable housing processes, especially for first time buyers. The new deal is coming as part of the bargain by NMRC to ...

The Nigerian Mortgage Refinancing Company and the Nigerian Insurers Association are jointly working to integrate title insurance as a mandatory condition to get mortgage loans. Sunday Thomas, the Director-General of NIA, disclosed this to a punchng correspondent in an exclusive interview, saying that the NMRC was working with the indigenous underwriters to introduce insurance as a condition for getting mortgage ...

The Nigerian Institute of Quantity Surveyors (NIQS) has called on the government to evolve policies that would boost local building materials in the country. According to NIQS presidents and former Minister of state for Power, Mallam Murtala Aliyu, this is the way to significantly bridge the housing gap in Nigeria. NIQS’ president spoke last week at the sod turning of ...

The government of the northeastern Borno state has intensified efforts in catering to the internally displaced persons across the state. On Saturday, 21 camps were set up for internally displaced persons (IDPs) across the state. One of the camps was dedicated to refugees recently brought back from the Republic of Niger. According to the chairman of the Borno state Emergency ...

When you see a heading such as this “Buhari’s Ministers, Senators & Reps to Share N9bn Allowance” considering the fact that Nigeria is said to be broke then we cant just take our eyes off it. According to a report by punch, Housing allowance for the political office holders is 200 per cent of their annual salaries; furniture is 300 ...

Gathering at the residence of the British High commissioner in Lagos for a networking event organized by Ecotrends Nigeria Limited in collaboration with UK trade and investment in preparation for its premier trade show, Home and Property Expo, the chief executive officer of Ecotrends, Efe Utomudo told the audience that Nigeria needs 700,000 houses annually to meet the housing needs ...

Some residents of Lagos on Friday called on the State Government to provide public toilets on the highways and other strategic locations in the metropolis, for the convenience of the people. Those who spoke with the News Agency of Nigeria (NAN) identified such strategic locations and highways to include the Apapa/Oshodi/Oworonshoki expressway, the Lagos/Ibadan expressway, the Ikorodu road, the Lagos/Abeokuta ...

The State Commissioner for Health, Dr. Jide Idris has asserted that the objective of the state government’s large scale infrastructural development in the health sector was necessitated essentially by the need to enhance the efficiency of the health workforce as well as increasing the scope and quality of service delivery in the health facilities. Idris who spoke Wednesday in Lagos ...

Nigeria, with a population of over 170 million people, is facing a national housing deficit of about 17.5 million units, and requires a minimum of additional one million housing units each year to reduce that deficit. With high interest rates on mortgages, high cost of construction material and land, many Nigerians cannot afford a brick and mortar house in the ...

Mrs. Funke Olaitan, wife of the slain Principal Private Secretary to Governor Adams Oshiomole of Edo state, Olaitan Oyerinde, has urged civil activists in the state to prevail on the Executive Director of African Network for Environment and Economic Justice, ANEEJ, Rev. David Ugolor, to release documents relating to her husband’s property. She also called on Nigeria’s president-elect, General Muhammadu ...