Real Estate

Flood victims in Adamawa State have appealed to the Federal Government to come to their aid to ease their hardship. Reports show that between July and September this year, thousands of people were affected by floods in 18 out of the 21 local government areas of the state. Findings reveal that the majority of those that were affected by the ...

The Managing Director/Chief Executive of The Infrastructure Bank, Mr. Adekunle Oyinloye, has put the amount spent on infrastructure in the country between 2014 and 2017 at N5.5 trillion ($11.5 billion). Oyinloye, made the disclosure in Lagos at the annual dinner of the Association of Professional Women Bankers (APWB), with the theme: “Funding Infrastructure Development in an Emerging Economy,” that took ...

Although quite rare, patience is a crucial ingredient in the secret sauce of in successful real estate moguls. If you are to become successful in your real estate transactions, then patience is a virtue you have to painstakingly teach yourself. We all know that get-rich-quick schemes rarely pan out, but somehow, we still hope that we’re the exception to the ...

The Central Bank of Nigeria (CBN) has set the minimum capital requirement of N6 billion for the operation of Mortgage Guarantee Companies (MGC) in the country. In an exposure draft posted on its website, it pointed out that the licencing of MGC would deepen the mortgage banking sub-sector, through increased market access to mortgage finance and sharing of credit risk ...

The construction industry is in a critical situation and requires urgent reforms to make it function optimally andmore profitably, the President, Nigerian Institute of Quantity Surveyors, Mr. Obafemi Onashile, has said. Onashile said after agriculture, construction was the next biggest employer of labour, engaging at least five per cent of the workforce and about two per cent of the nation’s ...

In an effort to reduce housing deficit in the country, the Federal Mortgage Bank of Nigeria (FMBN) has inaugurated a housing programme in Nasarawa State to serve as a pilot scheme towards providing 1,400 units across the nation. The Managing Director/Chief Executive, FMBN, Ahmed Dangiwa, disclosed this at the ground-breaking of the FMBN, Nigeria Labour Congress, Trade Union Congress and ...

One time Big Brother Naija housemate, Alex Asogwa is counting her blessings as she recently inked an endorsement deal with real estate company, Jenesis Colony. Alex Asogwa The third runner-up of the widely acclaimed reality show took to Instagram to make the big announcement. She wrote: “Naomad Agency @naomadagency proudly announces the endorsement deal between Jenesis Colony @jenesiscolony1 and Alex ...

A federal High Court in Lagos has dismissed an application by Safetrust Mortgage Bank to regain its high-rise property, Safetower Estate, located in Ikate Lekki, Lagos. In an application filed before Justice Sule Hassan, the developer had urged the court to vacate its earlier order of forfeiture of Safetower to EFCC, pending the completion of investigation by the Economic and ...

You may find yourself asking if there can be other ways of buying property apart from the conventional way we all know. As is common, I would usually lace a lot of presentations and approaches with practical experiences that we’ve had as a company or that I know that other people, associates, or friends that we know in the industry ...

Gov. Udom Emmanuel of Akwa Ibom has commended the Federal Mortgage Bank of Nigeria (FMBN) for the 100 affordable housing units projects for civil servants in Akwa Ibom. Emmanuel expressed the state government’s gratitude while performing the groundbreaking ceremony of the housing project in Nsit Ibom on Thursday. The governor said the state was glad to witness the fulfillment of ...