Tag Archives: NREH

Investors interested in the ordinary shares of Nigeria Mortgage Refinance Company (NMRC) Plc now have opportunity to buy into Nigeria’s first and only mortgage refinancing company with the listing of the company on the NASD OTC Plc. The NASD is an over-the-counter (OTC) platform that trades on unlisted securities. It is licensed by Securities and Exchange Commission (SEC). The NASD ...

Strong indications emerged last week that the slowdown in Nigeria’s property market for four successive quarters (from Q4. 2014 –Q3.2015) may have begun to take its tolls on the value of assets held by banks for the various facilities granted different classes of borrowers. Banking industry watchers believed the erosion of values of some of the assets acquired by banks ...

The President of African Development Bank (AfDB), Akinwumi Adesina, says African countries need $100 billion annually to close infrastructure financing gap. Mr. Adesina disclosed this in an interview with the News Agency of Nigeria on Sunday in Abuja. He said that the bank had invested a lot in infrastructure, adding that the aim of the bank was to connect African ...

Pastor Bassey James, who is the senior pastor of the Royal House of faith, Lekki, is one person that is enthu­siastic to see the Jakande’s magic in mass housing re-created. He opines that doing this would create large number of jobs. In this interview, James, who is also chancellor of the Akpabiosm Centre for Leadership Development, Uyo, bares his mind ...

The owners of the land acquired by the Ekiti State Government to build an airport have sued the state and demanded N650million as damages. The plantation farmers dragged the state government and Governor Ayo Fayose to court for what they described as “unlawful and forcible acquisition” of their land. In a suit number HAD/71/2015 filed before an Ado Ekiti High ...

In their bid to be globally competitive in the plant and machinery valuation practice, estate surveying and valuation practitioners in Nigeria recently went into  partnership with the American Society of Appraisers (ASA), to obtain an international certification. Though, known as valuation in Nigeria, some countries use the term, appraisal to define the act of estimating value for tangible and intangible ...

The House of Representatives has ordered investigation into the activities of the National Drug Law Enforcement Agency (NDLEA) from year 2000 to date vis-a-vis the seizures and disposal and drugs, assets and properties of drug offenders. The House also urge the NDLEA to stop further destruction of seized drugs and the impending auction of the seized assets and properties of ...

  Governor Ambode, who spoke in Lagos at the first annual stakeholders’ forum organised by the Lagos State Waterways Authority, said the water transport mode, which is a critical part of the intermodal transport system of the government, would be developed with international best practices. The Governor, who was represented at the forum by the Commissioner for Waterfront Infrastructure, Engr. ...

ARM Nigeria, an asset management firm with interest in real estate has acquired Mixta Africa, a property development company. Speaking to CNBC Africa on the new acquisition, the Chairman/ CEO of Mixta Africa Deji Alli, says Nigerians can now look forward to affordable housing across the country with the entry of Mixta Nigeria into the housing market. Watch video below:

Lagos state government on Wednesday closed down about 53 Churches, Mosques & Hotels over noise pollution. Engr Rasheed Shabi, who is the General Manager of Lagos State Environmental Protection Agency, LASEPA, stated that they sealed those places because of reports they got from residents around those places. It was that learnt some of the worship centres were sealed because they ...