The trial of the two engineers charged over the collapse of a guest house belonging to the Synagogue Church of All Nations, took a new turn on Tuesday when a video of the tragedy was shown in court. The disaster killed 116 people, mostly South Africans. The engineers are Akinbela Fatiregun and Oladele Ogundeji. The video was shown in a ...
Read More »Real Estate
FG To Invests $150m For Affordable Housing in B.C.
CANADA – The federal government has announced it will invest $150 million in affordable housing in British Columbia, as real estate prices in the province continue to skyrocket. The money will be spread out over the next two years and is part of the $2.3 billion the Liberal government pledged to spend on affordable housing in the 2016 budget. Jean-Yves ...
Read More »Rainy Season: A Blessing or a Curse?
The Rainy season is here again and people are apparently becoming aware of their environment. The rains usually come with its merits and demerits. It could get pretty messy on some days while the rain might just be the soothing relief or cooling effect needed on other days. But what does the rainy season really mean to us? What’s the ...
Read More »Mass Housing Plans Unveiled
Minister of Power, Works and Housing, Mr. Babatunde Fashola, has unveiled plans by the Federal Government to deliver mass housing for Nigerians. Speaking at an interactive session with the House of Representatives Committee on Housing, Fashola disclosed plans to build 360 houses in three states through Public Private Partnership (PPP) arrangement in the first phase, develop “Rent to Own” housing ...
Read More »Chinese Mogul Says He Is Leaving Real Estate for Art
Chinese real estate impresario Dai Zhikang had made the “bold” decision to get out of property investment and look to investing in the arts. According to an article in the South China Morning Post, The founder and chairman of Shangahi’s Zendai Group compared the recent property market rise to a “dead cat bounce,” saying he wants to rebuild Zendai “top ...
Read More »IGP Commissions Police Housing Estate in Edo
The Inspector-General of Police Mr Solomon Arase commissioned a police housing estate sited in Egba, Ugua and Oka Communities, near Benin City in Ikpoba-Okha local government area of Edo State. Also commissioned by the IGP were the police Cottage Hospital in G.R.A and a 300-sitter Lecture Hall at Ogida police barracks, both in Benin City. The estate, christened Omo N’ ...
Read More »Ben Bruce Used Union Bank Loan To Purchase $5M Beverly Hills Mansion – SaharaReporters
According to Sahara reporters, an investigation has revealed that Bayelsa Senator, Benjamin Murray-Bruce may have illegally diverted a loan he obtained from Union Bank of Nigeria to purchase a posh property in Beverly Hills, California in 2007. Mr. Murray-Bruce has been in the spotlight lately after the Asset Management Corporation of Nigeria (AMCON) on June 23, 2016 seized several of ...
Read More »Check Out Kylie Jenner’s £2.7m Luxury Mansion For Sale
18-year-old Kylie Jenner who bought a luxury Tuscan-style Calabasas mansion in 2015 for £1.8 million pounds has put the same property back on the market for a whooping £2.7 million. The 4,851 sq ft property is listed as featuring a ‘glam room’, five bedroom pad – complete with six-and-a-half bathrooms with a spacious walk-in closet, seating area and shoe closet ...
Read More »Lagos HOMS Back On Radar 6 years After Conception
In 2010, the Lagos state government established Lagos Home Owners Mortgage Scheme popularly called Lagos HOMS to reduce the housing deficit of a state whose population stands at over 21 million. This article analysis the some of the pains and a whole lot of the gains of the scheme 6 years after the idea was conceived. Housing deficit and challenges ...
Read More »Shelter Afrique’s Equity in Nigeria’s Mortgage Sector Hits N256bn
Shelter Afrique has invested over $16 million; about N315.2 billion in the nation’s equity market in the last three years. Out of these equity investments, $13 million, about 256.1 billion was invested in credit lines for on-lending for mortgage while $3 million, about N591 million was invested in the Nigerian Mortgage Refinance Company, NMRC within the same period under review. ...
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