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Nigerians now prefer to invest in foreign properties

Mr. Godwin Alenkhe, Chairman of the Estate, Rent and Commission Agents Association of Nigeria, Lagos state chapter has expressed that the high cost of land transactions is having a negative impact on the real estate sector as Nigerians now invest in foreign properties. He said this in an interview with MAUREEN IHUA-MADUENYI of PUNCH news. When asked how the devaluation ...

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World’s most expensive apartment to cost $400m

The city-state of Monaco is known for the ceaseless extravagance which exists there. There is more to come as the city which serves as playground for the ultra-wealthy will soon be home to the world’s most expensive apartment, rumored to be valued at $400 million. Currently under construction, the pricey “Sky Penthouse” will be located atop the Odeon Tower, the ...

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‘Beware of imposters’ – Ogun warns Homeowners’ charter subscribers

Ogun State distributes 5000 Cs-of-O

Whilst making effort to combat fraudulent acts trailing the housing scheme over allegation of imposters pretending to be officials of the Ogun state government, saddled with the responsibility of regularising property documents under its Homeowners’ Charter Scheme, the state has called on all property owners to be wary of such fraudsters. The announcement of caution, which came last week at ...

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Expert seeks new valuation standard in Nigeria

Mr. Jimmy Olayinka Omotosho, a portfolio executive at Broll Nigeria has stated that valuations are widely used and relied upon in financial and other markets, whether for inclusion in financial statements, for regulatory compliance or to support secured lending and transactional activity. This he said at the training forum of the Nigerian Institution of Estate Surveyors and Valuers, NIESV Lagos ...

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RCCG commissions N2.2m storm water drainage donated to community

Land dispute

The Redeemed Christian Church of God, RCCG has commissioned a N2.2 million storm-water drainage system the church donated to the Langbasa Community in Eti-Osa Local Government Area of Lagos State. The project represented the response of RCCG to the outcry of the community which has long suffered uncontrolled flooding with the associated health and environmental consequences. The community had solicited ...

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FG signs MoU with BASAP to create 15,000 affordable housing units

Solving The Problem Of Affordable Housing In Nigeria

Improving on efforts to deliver more affordable housing units and reducing the housing deficit in the country, the Federal Government of Nigeria has taken a giant step by collaborating with an estate development agency. The Federal Government of Nigeria and BASAP Ventures International Limited/ JS Neoplans & Artemis Angel Global Limited on Tuesday signed a Memorandum of Understanding for the ...

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Lagos-Badagry expressway completion date shifted till…

The Lagos State government last week, reaffirmed its resolve to complete the massive Lagos-Badagry expressway project despite the delay in completing the second phase of the ongoing N220 billion expressway expansion. But there are indications that the project would not be delivered by the Babatunde Fashola administration which fixed last month for the completion of the second phase of the ...

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NMRC resurgence sparks expectations of Market Boom

Mortgage In Nigeria

Expectations are high that Nigeria’s mortgage market which has, for too long, suffered slow growth, will experience a boom when the Nigerian Mortgage Refinance Company (NMRC), a private sector-led secondary mortgage market, starts refinancing more mortgages. The company, which launched 10,000 mortgages last year with an initial target of creating 200,000 mortgages, disclosed recently its plan to refinance one million ...

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China-Nigeria trade volume now up to N38trn

China Partners Nigeria on Housing, Infrastructure, Others - NREH

The consul-general of the People’s Republic of China, Liu Kan, has said that the volume of trade between Nigeria and China in 2014 was about N38.01 trillion ($18.1 billion). Liu said that there was relative increase in the exchange of goods and services in the year over the 2013 transactions. “Today, Nigeria is China’s third major export destination in Africa ...

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Delta embark on completing 150 houses for civil servants.

Civil servants in Delta State are up for good times as the government is making plans to look into housing for its workers with plans to complete about 150 housing units along Ibusa road, Asaba. The State Governor, Emmanuel Uduaghan gave the assurance to civil servants in the state last week during an inspection tour of the government owned 150 ...

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