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Tag Archives: real estate

Nigeria records $45.7bn investments in six months

Nigeria

Nigeria recorded a total investment commitment of $45.7bn in various sectors of the economy within the first six months of this year. Figures obtained from the Nigerian Investment Promotion Commission showed that the $45.74bn investment commitments were made for 42 projects in nine states and the Federal Capital Territory. The sectoral analysis of the commitments indicates that investors were willing ...

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Ogun government reduces ground rent by 67%

ground rent

The Ogun State Government has slashed by 67 per cent the ground rent for Base Transceiver Stations owned by IHS. The Chairman of the Nigerian Communications Commission, Senator Olabiyi Durojaiye, while speaking at the NigeriaCom conference in Lagos, said this was made possible by the intervention of the commission. As such, he said the Ogun State Government had agreed to ...

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Experts identify Land titles as one of the challenges facing property market

Land titles

Stakeholders in the real estate industry have identified uncertainty over land titles as one of the major factors inhibiting the growth of the industry in the country. Other inhibitors, according to them, are regulatory bottlenecks, difficulties in obtaining permits and approvals, infrastructure deficit and funding constraints. The stakeholders spoke in Lagos at the 7th edition of the Real Estate Unite ...

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Rivers overtakes Lagos as top investment destination, invests in mining, real estate

Rivers

The investment profile report by the Nigeria Investment Promotion Commission (NIPC) shows that Rivers state received the largest investment in the first half of 2018. According to the report, a total of $45.74 billion was invested for 42 projects in nine states and the Federal Capital Territory (FCT). The sectoral analysis of the investment profile showed that mining and quarrying ...

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Property Insurance: Why It Is Important To Insure Your Home In Nigeria

Property Insurance Home Insurance House Insurance

Owning a home with no property insurance can be likened a bit to driving a car without a seat belt in place. An accident could happen anytime. For most Nigerians, acquiring (or building home) is probably the biggest investment they will ever make. Becoming a landlord is the ultimate Nigerian dream. Everyone wants a piece of property to rightfully call ...

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Property experts envision sustainable growth for Real Estate Sector

real estate

The annual West African Property Investment (WAPI) Summit, the region’s most prominent and largest real estate investment and development conference will once again take place in Lagos on 15 & 16 November 2018 at the Eko Hotel and Suites. According to the summit’s host, API Events’ Kfir Rusin, this year’s theme: RE-Calibrating Supply and Demand for Sustainable Growth is a ...

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NIESV addresses issues surrounding real estate agency

NIESV

Foreign firms are taking over real estate agency in the country and something needs to be done about it urgently, the Nigerian Institution of Estate Surveyors and Valuers (NIESV) has said. The professional body said it had been saddled with fighting quackery on the local level but that in recent times, foreign firms had been dominating the practice of estate ...

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Sukuk, others are sources suitable for housing delivery – Report

housing delivery

A report on the real estate sector has highlighted asset-backed bonds and sukuk, among others, as suitable sources of funds for housing delivery in Nigeria. The report, which was launched by the University of Lagos Centre for Housing and Sustainable Development in partnership with the African Research Universities Alliance, stated that real estate investment trust and portfolios could also be ...

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The Buyer Or Seller: Who Really Should Pay Estate Agents Fee?

dark agents

The Real Estate sector has become lucrative and it is contributing in its own way to curbing unemployment in Nigeria. There are different levels of people involved in Real Estate business, but there is a particular set of people in the industry who are not without controversy, as regards who pays them or should pay them. These people are the ...

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