Real Estate

Amid concerns that some contributors to the National Housing Fund (NHF) have not been able to access loans, the Federal Mortgage Bank of Nigeria (FMBN) has assured Nigerians that the amendment of the enabling legislations in the scheme would make it more robust and beneficial. Accordingly, the bank explains that the objective is to expand its coverage to capture the ...

Fifteen persons have been killed and four communities completely burnt down after a suspected herdsmen attack on Wednesday in a community called Numan, Local Government Area of Adamawa State. The herdsmen attack came barely three days after Boko Haram suicide bombers attacked two mosques in Mubi, killing dozens and injuring many more. The villages affected were Bang, Nyanga, Bonki and ...

A Federal High Court, Lagos, has ordered final forfeiture of N11.040 million and some property belonging to former Guard Commanders of the Nigerian Maritime Administration and Safety Agency (NIMASA), Captains Olotu Olumuyiwa Morakinyo and Ebony Emmanuel Aneke, to the Federal Government. Also affected is a company, Lakewood Garden Ventures Limited. The trial judge, Justice Sule Hassan, gave the order of ...

Women in Nigeria real estate sector are beginning to pitch their tent towards becoming more successful than their male counterparts. Of a truth, the sector is wide and growing very fast. Yet, these set of women have shown true passion and diligence in what they do. They are the true definition of Successful women in West Africa we should celebrate. ...

The African Development Bank (AfDB) says Africa needs about one hundred and seventy billion dollars annually to meet its infrastructure requirement. Prof. Vincent Nmehielle, Secretary General of the bank disclosed this at a media briefing to announce the bank’s annual meeting, on Thursday in Abidjan. “In 2016, the bank approved 7.8 billion dollars to finance investment in African continent and ...

Lagos State Government on Thursday said the phase six of the Eko Atlantic City, in Victoria Island will be completed in October 2019. Commissioner for Waterfront Infrastructure Development, Dr. Babatunde Adejare disclosed this at a ministerial press conference in Alausa, Lagos, Southwest Nigeria. Adejare stated that the flagship project designed to stand on 10 million square metres of land reclaimed ...

The Lagos State government (LASG) has disclosed that it will continue to strengthen the infrastructural system along the State waterways to meet the emerging challenges of the coastal region and harness its full potentials for socio-economic development. The State Commissioner for Waterfront, Dr. Babatunde Adejare stated this at the at the ongoing Y2018 Ministerial Press Briefing held at Bagauda Kaltho, ...

The Lagos State Traffic Management Authority (LASTMA) has urged the compliance of motorists plying routes where major construction works are ongoing to bear with the State Government and comply with traffic directive, saying concerted efforts have been put in place to deliver the projects on schedule. LASTMA’s General Manager, Olawale Musa, said this after monitoring flow of traffic along Lagos-Abeokuta ...

The system of owning a house through a housing cooperative society in Nigeria has its own perks and advantages on a good day, but it also has its disadvantages. Right now, one of the surest routes to owning a home in Nigeria is to go the cooperative society way. However, it is one that is less traveled by many, despite ...

The Kaduna State Government and Sterling Bank have agreed to jointly fund a N5bn mortgage scheme to facilitate home ownership in the state. The fund will provide mortgages at single-digit interest rate. Umma Aboki, Special Adviser on Economic Matters to governor Nasiru El-Rufai said at a press conference on Wednesday in Kaduna that the partnership was to facilitate mass housing ...