Tag Archives: Housing

The nation reports that after  posting N2.7 billion as its operating surplus at the close of last year, the Federal Mortgage Bank of Nigeria (FMBN) has secured the Federal Government’s nod to boost affordable housing financing. The Acting Managing Director, Richard Esin highlighted the bank’s business performance  at a review session on FMBN’s operations last year. He said the bank ...

The Guardian reports that a consortium of firms has floated N20 billion Real Estate Investment Trust (REIT). The newly berth REIT, promoted by Top Services Limited, a close-ended Real Estate Investment Trust company would be managed by a firm, Messrs First Ally Asset Management. According to The Guardian, the Chairman, Top Services Limited, Chief Tokunbo Omisore, while speaking during the ...

Anambra State government has made it known that it is collaborating with the Federal Mortgage Bank of Nigeria (FMBN) to complete its housing scheme for civil servants in the state. According to New Telegraph, Mr Frank Offor, the state Commissioner for Housing and Urban Development, said in Onitsha that the collaboration was in government’s bid to provide affordable houses for ...

Despite the economic downturn in the country, Tobykemsworth, a real estate developer has launched Honeywells Garden in Maryland, Lagos. According to The Guardian, Honeywell’s Garden is conceived as an estate for medium and high-income earners and choice prototypes and building design. Future house owners in the estate backed with the Governor’s consent and Certificate of Conveyance are left with different ...

The Federal Mortgage Bank of Nigeria (FMBN), Shelter Afrique and Real Estate Developers Association of Nigeria (REDAN), have signed a $2 billion Memorandum of  Understanding to provide affordable housing for Nigerians. New Telegraph reports that Mr. Richard Esin, the Acting Managing Director of FMBN, said the  MoU was the first critical journey aimed at providing affordable housing for Nigerians. The ...

Personally, I am of the opinion that if a young married man is nursing thoughts of building his own house, and hopes to do it at an age when youthfulness is still visible on him and not when he is old, he will need to meaningfully sell his wife the dream. It is worthy to note that a wife is ...

As a result of the present economic recessing facing the country, some house-owners in the Federal Capital Territory (FCT) have reduced their house rents so that people can afford the houses. NAN reports Many houses in the FCT have remained unoccupied as many people can no longer afford to pay rents due to the harsh economic situation. NAN checks revealed ...

The Guardian reports that the Federal Government through the office of the Head of Service (HOS) has entered into an agreement with a housing developer, Brains and Hammers to build at least 3,000 housing units in 72 hectares of land located in Bwari, Abuja. The housing units which are to be completed within 6 months is to enable the civil ...

New Telegraph reports that the monthly inflation rate commonly referred to as Consumer Price Index (CPI) has risen by 0.15 per cent from 18.33 per cent to 18.48 per cent in the month of November, according to the monthly inflation data released by the National Bureau of Statistics (NBS). NBS cited increases in costs of water, housing, electricity, gas and clothing ...

Lagos State Governor, Akinwunmi Ambode, on Thursday, urged residents to take advantage of the state’s Rent-To-Own and Rental Housing policy to become house owners and address housing problems in the state. Vanguard reports that Ambode, represented by his Deputy, Dr Idiat Adebule, made the call at the flag-off of the Rent-To-Own and Rental Housing policy in Sir Michael Otedola Estate, ...