Tag Archives: mortgage

“For about three decades, housing deficit in the country has caused a lot of Nigerians untold hardship worsened by the inability of government at all the levels to match their words with actions.” –The Sun But the federal and state governments had in the past muted the idea of making tenants pay one year tenancy to landlords. This policy, no matter ...

“The Federal Mortgage Bank of Nigeria (FMBN), has made a total collection of N9.5billion under the National Housing Fund (NHF), and disbursed the sum of N1.12billion to 150 beneficiaries for the second quarter (Q2), 2017.”- The Guardian FMBN made the disclosure in a memo to the National Council on Lands, Housing and Urban Development (NCLHUD), exclusively obtained by The Guardian. ...

“As part of efforts aimed at promoting professionalism in the real estate sector, as well as reducing the deluge of building collapse in the country, Western Atlantic Corporations Limited, the promoters of MOREACADEMY project, in collaboration with the Centre for Management Development (CMD), has concluded plans to hold Mortgage Industry Stakeholders Luncheon and train about 70 real estate practitioners.”- The ...

The Guardian reports that Legal battle over the soul of a landed property situate at 5, Oduduwa Street, GRA Ikeja, Lagos is raging between administrators of the estate of Late Samuel Iyiola Omotoso, and the Asset Management Corporation of Nigeria (AMCON), Ecobank, and Registrar of Titles, Lagos State. The bone of contention in the suit filed at Ikeja division of ...

A Real Estate Investment Trust (REIT) is an organization that engages in financing and investing in real estate directly, either through mortgages or properties thus generating a high level of income, diversification and long-term capital appreciation for investors. This article educates us on the function of REITs. REITs can be public, private and non-listed but most REITs are listed on ...

“A tentative outline of the shape of things to come for Housing and settlements development in Nigeria may have started to emerge, as key stakeholders last week ended it’s talk shop and endorsed a workable guide for the beleaguered sector in Abuja.”- The Guardian The effort, coming at the instance of the 11th Abuja Housing Show organized by Fesadeb Limited yielded ...

“Real Estate Investment Trusts (REITs) and workers cooperative societies were top of considerations as experts gathered in Abuja recently to discuss the way forward for affordable housing delivery in Nigeria.”- Business Day Though the REITs market is still evolving in this country, it is considered a good opportunity for financial intermediation in the housing sector and, according to the experts ...

This article showcases the eight of the world’d weirdest apartments. These apartments come in different size, shape and decor; they are apartments you never knew existed. Some apartments go against the norm in terms of design; these apartments have rooms with strange interior décor and arrangements. Some of these apartments are pretty too small to fit as a home but ...

“The newly inaugurated Chairman of the Radio, Television, Theatre and Arts Workers Union of Nigeria (RATTAWU), APCON chapter, Ahmed Yelwa, has promised members of staff of the Advertising Practitioners Council of Nigeria (APCON), of easy access to the Federal Civil Servants Mortgage Refinancing scheme.”- This Day Yelwa, who spoke during the chapter’s inauguration, emphasised that the struggle for better condition ...

“The Nigeria Mortgage Refinance Company Plc (NMRC) was amongst the 800 participants consisting of government and business leaders that attended the Corporate Council on Africa (CCA) U.S. and Africa Business Summit hosted in Washington DC .”- Guardian As the leading U.S. business association solely focused on the U.S. and Africa trade and investment, the sessions at CCA’s biennial signature event – the ...