Real Estate

It is common knowledge that the average Nigerian presently lives in abject poverty, though the ruling class pretend not to be aware. Sadly, poverty and poor housing have direct bloodlines. This article analyses poor housing delivery in Nigeria. A huge percentage of our populace live in inadequate or inappropriate housing, or worse still totally homeless, especially in urban cities. In ...

Due to the rate of building collapse in the country, the Council for the Regulation of Engineering in Nigeria (COREN) has vowed to sanction erring engineering firms and personnel. The Nation reports that a statement by the Registrar, Kamila Maliki, after its 151st council meeting, said: “Considering the report of the Regulation and Control Committee, the council noted the alarming rate ...

Reports show that Niger State government has called on the Federal Government to repair damaged federal roads in the state. Vanguard reports that Niger State government has raised an alarm over the poor state of federal roads in the state. It called for their immediate repairs to save the lives of commuters, who die daily on the roads. The roads ...

The Tropical Wood Exporters Association of Nigerian (TWEAN) in conjunction with thirteen state governments, have commenced moves to regenerate Nigeria’s forests. Vanguard reports that the exporters have adopted a policy of planting seven trees for every tree that is cut, which is higher that the federal government policy of plating two trees for every tree that is. According to Vanguard, TWEAN ...

The Guardian reports that the Nigeria Mortgage Refinance Company (NMRC) has moved to develop a Uniform Underwriting Standards for the informal sector, which will benefit potential borrowers working in the informal sector and enable them to purchase homes from developers at an affordable cost. According to The Guardian, the Managing Director of the company, Prof. Charles Inyangete who disclosed this at ...

Real estate investing may be a big deal, but the rules governing it are simple. Buying a house or a property should be a very wise and calculative step otherwise you can get into procuring an inappropriate and inadequate house that falls short of your housing needs. This article suggests 6 Myths and Facts about real estate investing that can ...

The management of Lekki Gardens Estate Limited has assured its clients and stakeholders that their investment is safe and appreciating in value, despite the current economic downturn. The firm also made it known that it has repositioned to ensure timely delivery of quality and affordable housing in the country. Vanguard reports that the Managing Director/Chief Executive Officer of Lekki Gardens ...

The Nigeria Mortgage Refinance Company (NMRC) recorded a profit of N482 million for its operations in 2015, which is a substantial increase over the N160 million profit it declared in 2014. Also, the company recorded increase in its total assets, rising to N39.01 billion in 2015 from N10.6 billion in 2014. Vanguard reports that this was disclosed at NMRC’s  2nd ...

Owing to the situation of housing deficit in Nigeria, a Lagos-based real estate development company, Sage Homes, has launched a housing project known as The Palms Resort & Residences, a luxurious, resort-cum- residential upmarket development located in the Lekki Free Trade Zone area of Lagos State. Vanguard reports that the development, modeled on the iconic Palms Jumeirah in Dubai, covers five hectares ...

Youth leaders in the Niger Delta on the platform of Niger Delta Ethnic Nationality Youth Leaders, have urged the Federal Government to urgently commence the construction of Gas Revolution Industrial Park, GRIP Project, Ogidigben, Delta State, Export Processing Zone, Cross River State, Brass Fertilizer Project in Bayelsa State and the Nigerian Maritime University, NMU, in Warri South-West Local Government Area in ...