Tag Archives: NREH

The UACN Property Development Company Plc says it is readjusting its business towards the retail segment. It also said it had put in place strategies to enable it to take advantage of emerging opportunities in the segment. The company explained that the challenges being faced by the market in terms of issues with titles, high cost of funding, inadequate mortgage ...

A prosecution witness in the ongoing trial of the Senate President, Dr. Bukola Saraki, Mr. Michael Wetkas, told the Code of Conduct Tribunal on Tuesday that Saraki bought a London property worth N375m in 2010 which he did not declare. Saraki is being prosecuted on 16 counts, including false and anticipatory asset declaration which he allegedly made when he was ...

The Commissioner for Energy and Mineral Resources, Mr. Olawale Oluwo, has said that no fewer than 54 private firms will be engaged by the Lagos State Government to manage streetlights in the state. Oluwo, spoke on Tuesday during a briefing on the activities of the Ministry of Energy and Mineral Resources in the state. He also added that the government ...

Federal Government Staff Housing Loans Board (FGSHLB) has partnered with the Nigeria Mortgage Refinance Company (NMRC) to enable civil servants have access to affordable homes. Speaking during a meeting between the two organisations last week, FGSHLB Executive Secretary, Dr. (Mrs.) Hannatu Adamu Fika, said they entered into a partnership to ease the difficulty in accessing mortgages by staff of MDAs ...

The President, Nigerian Institution of Estate Surveyors and Valuers, Dr. Joshua Patunola-Ajayi, has said that in order to reduce the country’s housing deficit and provide accommodation for low-income earners, the government needs to engage more in social and investment housing. He said the NIESV had sent out proposals to the Federal Government to look at housing as a total programme ...

The Lagos State Government has reaffirmed its commitment to ensure zero tolerance for building collapse in the state, just as it revealed that about 500 buildings that are either defective or abandoned have been discovered, threatening to take appropriate actions on the building if the owners refuse to take ownership of their structures. Commissioner for Physical Planning and Urban Development, ...

The Nigeria Mortgage Refinance Company (NMRC) has announced the appointment of Prof. Charles Okeahalam as the Chairman of the Board of Directors. He takes over from Mr. Herbert Wigwe who has been serving as Interim Chairman since May 2015, following the resignation of Dr. Ngozi Okonjo-Iweala the former Minister for Finance. Okeahalam has substantial experience in banking, finance and fixed ...

Ogun State Government has drawn the curtains on 160 units of two and three bedroom detached and semi-detached bungalows for its employees. The feat was part of the efforts by the State Government towards providing affordable housing for its workforce. Hajia Aisha Muhammadu Buhari, Wife of President Buhari, while commissioning the phase 1 of the estate, named after the first ...

The Chief Executive Officer of BHS International, the concessionaire of Tafawa Balewa Square in Lagos, Mr. Olu Adenodi, has urged the Federal Government to ensure it protects all its property across the country. Adenodi was quoted in a statement as urging the government to help it secure the “no objection approval” on TBS, “not only to ensure the success of ...

The Federal Capital Territory (FCT) Minister, Muhammad Musa Bello has charged Nigerian architects to design implementable housing template that would lead the FCT and the nation out of the housing challenge. Bello said out of the 8000 square kilometers Abuja is composed of, the total built-up space is still less than 20 percent, noting that the city needs affordable, livable ...