Real Estate News

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 ...

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 ...

Henry Enotiemwonmwan Omoregie, a popular social, political, environmental and human rights activist, has been inducted as a Fellow of the Nigerian Institution of Estate Surveyors and Valuers (NIESV). He was inducted among many others at a ceremony in Abuja. Omoregie, FNIVS, RSV, MNIM, is the Managing Partner, Henry Omoregie and Company, a firm of Estate Surveyors and Valuers, Real Estate ...

The Minister of Finance, Dr. Ngozi Okonjo-Iweala, recently revealed that 33 Nigerians have benefited from the Federal Government’s housing programme under the mortgage refinancing scheme. The Minister also added that 9,667 people had also been cleared as eligible to benefit from the scheme. The minister said this while presenting a speech at the Caritas Nigeria Forumon Tuesday in Abuja. In ...

Regardless of the competitive nature of the Nigerian building market, Nigerite Limited has further introduced a new product which they believe will add a new dimension to roofing for Nigerians. The building solutions company has launched a new product called Unique Ceil, an embossed ceiling which comes with a tastefully finished pattern. The new product unveiled at the company’s premises ...

The Vice President of the Nigeria Labour Congress, NLC, Issa Aremu on Monday assured aggrieved workers who subscribed to a failed NLC housing scheme, that their monies would be refunded with interest and an apology. Aremu said this while on Sunrise Daily on Channels Television, noting that the NLC had the responsibility to do so and also prosecute those culpable ...

Home ownership levels are continuing to drop in many countries despite stable or positive outlooks for most mortgage markets, according to a new global report. As a result of market dislocations post economic crisis, home ownership levels face challenges as large foreclosure pipelines are expected to displace owners in some countries such as the US, Spain, and Ireland, whilst new ...

The Federal Ministry of Lands, Housing and Urban Development has said it has reduced housing deficit, improved quality of houses and increased affordability of houses in Nigeria. According to an interview with Daily Trust last week, the Minister of Lands, Housing and Urban Development, Mrs Akon Eyakenyi pointed out that in the last four years, the ministry has provided 61,000 ...

The Federal Government recently re-appointed Mr. Gimba Yaú Kumo as Managing Director of Federal Mortgage Bank of Nigeria (FMBN) for a second tenure of four years. In this interview from Vanguard news, he assesses the mortgage industry in Nigeria and the plan to recapitalize FMBN for better performance. Below are excerpts of the interview. How would you describe the mortgage ...

The Head of the Department of Building, University of Lagos, Prof. Godwin Idoro, has described as multi-dimensional the problems plaguing the housing sector in the country. Idoro, who spoke at the 10th Annual Project Management Lecture organised by the department, said the problem of housing and infrastructure in country affected the low-income earners most. He said, “The situation in Nigeria ...