Real Estate

“The Federal Government is trying many options to pull the economy out of recession. The Finance ministry believes that mortgage institutions have the wherewithal to fund the housing sector as part of ways to revitalise the troubled economy and create jobs. Stakeholders also believe that stability in the exchange rate and the provision of more funds to the mortgagors will ...

“BON Hotels International West Africa on Friday introduced its tenth property, BON Hotel Grand Pela, to their Nigerian portfolio. The hospitality company that owns, manages and markets hotels throughout Africa, launched the new hotel, at BON Hotel Grand Pela Premises, Durumi District, Abuja. The grand opening was attended by VIP guests, members of the press, dignitaries, politicians, airline executives, hotel ...

The Nation reports that a new real estate portal, propertynews.com.ng, has been launched in Lagos. Its Publisher/Adrant Partners Chief Executive Officer, Mr. Ranti Adedeji, said the portal is a cost-effective platform that provides in-depth reports and analysis of events, activities and developments in the construction and real estate sector. “Practitioners, investors, as well as, individual property owners would find it ...

The officers who arrested Martins just as his weekend was gearing up had finally come back to their duty post. Though at this point Martins was beginning to lose it, still the officers were oblivious to his plight. Martins didn’t understand why he was being kept behind bars without an inkling of what is crime was. Aisha had not been ...

“The Architecture, Engineering, and construction (AEC) industry in any country is responsible for the construction, repair, and alteration of buildings, roads, structures and other properties in the country.”- Techpoint. Techpoint also reports that the alarming cases of collapsed buildings in Nigeria only point to the sub-optimal constructions which fall short of global standards. In the past three years, over 75 buildings ...

Naij.com reports that Onitsha’s mean annual concentration was recorded at 594 micrograms per cubic metre by the World Health Organization – massively exceeding the WHO’s annual guideline limit for PM10s of 20μg/m3. This means that Onitsha is the most polluted city in the world, but the people living in it do not even know it. According to a report by ...

“Mr. Babatunde Fashola, Minister of Works, Power and Housing, Abuja shocked the Senate yesterday with the denial of N2 billion allegedly voted for regional housing scheme by the Ministry of Finance.” Vanguard reports. News from Vanguard relates that the money is part of the N64.991 billion budgetary proposals for the housing sector this year. Speaking, yesterday, in Abuja when he ...

To forestall increasing cases of building collapse in the country, the Senate has promised a speedy passage of all necessary legal frameworks on the revised National Building Code.- The Guardian. The Guardian also reports that Senate President, Bukola Saraki gave the assurance, while declaring open the public hearing by the Senate Committee on Lands, Housing and Urban Development on “The ...

Reverse Mortgage Daily reports that the newly formed Finance of America Commercial will continue to serve real estate investors and operate alongside the holding company’s other lending arms, including Finance of America Reverse of Tulsa, Okla. and Finance of America Mortgage of Horsham, Pa. Sara Sefcovic, a spokesperson for Finance of America Holdings, said the company plans to foster overlap ...

“The fares for Bus Rapid Transit (BRT), LAGBUS and franchise buses have been increased”, reports Independent. “Commuters would also start paying more from March 1 as Governor Akinwunmi Ambode of Lagos state has approved the new fares.” “Addressing newsmen at Bagauda Kaltho Press Centre, Alausa, on Monday, February 13, Engr. Abiodun Dabiri, the managing director of the Lagos Metropolitan Area ...