Real Estate

Dams are barriers across flowing water that obstructs, directs or slows down the flow, often creating a reservoir, lake or impediments. Water is a critical natural resource. Without it, life could not exist and people could not survive. For more than 5000 years, dams have provided people with reliable sources of water for their survival. Most dams have a section ...

The frequency and severity of “Urban Market Fire” incidents in Nigeria is becoming worrisome.  This article attempt to analyse the market fire disaster that has occurred this year and the measures that could be taken to forestall future occurrence. Frequent fire disasters in crowded urban business and market structures have become a major concern to Nigerian urban planners. Urban renewal ...

Mövenpick Hotels & Resorts will debut in three new African markets over the next four years as its plans to establish a presence in key cities across the continent’s thriving Sub-Saharan region come to fruition. In a move that will take its Africa portfolio to 28 properties strong, the expansionist Swiss hospitality brand will open three upscale hotels across Kenya ...

Adenuga’s In-law killed yesterday during a Land tussle. The Managing Director of Lekki Worldwide Investment Company, Mr. Tajudeen Disu, who was in charge of the Lekki Free Trade Zone, was killed Monday morning in Lagos during a community uprising. Disu was the father of Jameel Disu who is married to Bella, the second daughter of business mogul and Chairman of ...

The Borno State Government on Sunday said it would partner the Federal Housing Authority, FHA, to rebuild communities ravaged by Boko Haram insurgency. The state governor, Kashim Shettima, made the disclosure while receiving FHA Managing Director, Muhammad Al Amin, who visited him in Maiduguri. “There is no better time than now for this kind of partnership towards rebuilding structures destroyed ...

Mr. Gimba Kumo, Managing Director, Federal Mortgage Bank of Nigeria (FMBN), said 17 to 20 million housing units were needed to address the housing deficit in the country. Kumo said this in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja. He also listed ways of addressing the housing deficit in the country. “We are all ...

A recent BBC Africa Debate saw a number of Ghanaian entrepreneurs, leaders and members of the public discuss the definition of the middle class in the country. How do you define an African Middle Class? According to the African Development Bank (AfDB), 46% of Ghanaians are now classified as middle class compared to a continent-wide average of 34.3%. The debate, ...

The Kogi State Government, on Wednesday, ejected people it described as illegal occupants of the post-flood housing estate in Lokoja, while it also seal off the premises. You would recall that Victims of the Kogi flood disaster had lamented on their inability to secure accommodation at the Post Flood Housing estate The Deputy Governor, Mr. Yomi Awoniyi, said the decision ...

The Federal Mortgage Bank of Nigeria (FMBN) said  it would commence “ Rent-to-Own ” scheme to ease the housing challenges in the country. Mr Gimba Ya’u Kumo, the Managing Director of the bank, told newsmen in Abuja that the “Rent to Own’’ scheme was mainly for Nigerians who could not afford mortgages. “For Nigerians that cannot afford mortgages, the way ...

The Managing Director of Federal Housing Authority (FHA), Prof. Mohammed Al-Amin, has decried the sanitary and living conditions in Internally Displaced Persons (IDPs) camps in Maiduguri. He described the conditions at the camps in the Borno State capital as deplorable and unhealthy. Al-Amin, who slept in one of the camps as part of activities marking the just-commemorated World Habitat Day, ...