Real Estate

ESVARBON plans to establish offices in regions of the country. The offices will be situated at Kano, Ibadan, Port-Harcourt, Yola, Enugu and the corporate headquarters of ESVARBON would eventually be relocated to Federal Capital Territory. The steps, according to the body were necessary to enhance its performance and repositioning the regulation of estate surveying practice in Nigeria. This came to ...

Unable to take possession of their homes, more than 15 months after they subscribed and won their flats under the Lagos State government’s housing programme – LagosHoms in Mushin area, the allottees are calling on Governor Akinwunmi Ambode to intervene in their plight. In a letter dated November 30, 2015, a copy of which was acknowledged by the office of ...

The Nigerian Institution of Estate Surveyors and Valuers (NIESV), Lagos State branch, has lent its support on the planned reintroduction of toll gates. Its Chairman, Samuel Ukpong said it was a right decision but noted that for it to be successful, stakeholders must be carried along. Ukpong, who spoke on the sideline of the Annual General Meeting (AGM) of the Institution ...

The merger of three key ministries of Power, Works and Housing into one, is a disservice to the nation. This view was canvassed by Lagos-based estate surveyors and valuers who also faulted the non-appointment of one of their own as the Minister of Housing in view of the fact that they are best qualified and positioned to man the ministry. ...

The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has vowed to deal with members found engaging on unethical practices in the country. Delivering a charge on 342 newly registered associates in Abuja, a past president of NIESV, Mr. Emeka Eleh urged them to ensure that they comply with the Code of Ethics and Practice and other international standards. Eleh ...

The Nigerian Stock Exchange (NSE) over the weekend listed an N8 billion Nigeria Mortgage Refinance Company (NMRC) bond on its platform. According to the NSE, the NMRC’s N8 billion listed on the exchange carry a 14.9 per cent fixed rate bond will be due in 2030 under the N140 billion medium term note programme. It has been gathered that the ...

Rapper 50 Cent has lowered the asking price for his Connecticut mansion again after filing for bankruptcy in the state this past summer. The Hartford Courant reports the new listing for 50 Cent’s 21-bedroom, 25-bathroom home in Farmington is now $8.5 million. The rapper bought the 50,000-square-foot mansion for $4.1 million in 2003, but reports say he invested between $6 ...

Are you at a loss as to where to be this Christmas? Wonder no more! Your confusion just took a nosedive. This article gives us three options of possible destinations in this yuletide season. The Yuletide season is a time of the year that most humans on this planet look forward to with aplomb and upbeat expectations even when your ...

The National Insurance Commission (NAICOM) and the Federal Mortgage Bank of Nigeria (FMBN) have agreed to collaborate to insure all mortgages in the country. The partnership, if implemented, is expected to deepen insurance penetration and provide the much needed funds required by the National Housing Fund (NHF) to enable it bridge the country’s housing deficit. To achieve this, both regulatory ...

One of the daunting challenges facing African countries in the wake of unprecedented urbanization during the last few decades is the planning and management of physical infrastructure and the urban environment. As urbanization gathered pace in most countries in the region, the problem of inadequacy of infrastructure services and deteriorating urban environment became enormous. The appalling conditions of infrastructure in ...