Real Estate

Prof. Timothy Nubi of the University of Lagos, Akoka on Wednesday, January 10, 2018 urged the Federal Government to evolve polices that would guarantee affordable housing in the country. Nubi, who is the Dean, Faculty of Environmental Sciences, gave this advice while speaking with the News Agency of Nigeria (NAN) in Lagos. He said that the government could formulate a ...

The Federal Mortgage Bank of Nigeria (FMBN) initiated the National Housing Fund (NHF) scheme to facilitate the provision of houses to Nigerians and bridge the housing deficit. NHF is a pool which mobilises long-term funds from Nigerian workers, banks, insurance companies and Federal Government to advance loans at a single-digit interest rate to its contributors. With the NHF scheme, workers ...

Lagos-based real estate development practitioner, Mr Ejike Orabuchi, has appealed to all tiers of government to deal with corruption affecting mass housing delivery initiatives for Nigerians. Orabuchi, Chairman of Mecfot Homes and Properties Ltd., made the call in an interview with the News Agency of Nigeria (NAN) on Sunday, December 24, 2017 at Fagba, Lagos. He spoke during the company’s ...

The Lagos State Government on Tuesday, December 19, 2017 restated its commitment to stamp out fraudulent practices in real estate transactions in the state. Commissioner for Housing, Mr Gbolahan Lawal, made the assertion at the second edition of the 2017 Stakeholders’ Forum in Alausa, Ikeja, the seat of power. Theme of the forum is: “Prevalence of Fraudulent Practices in Real ...

A builder and engineer in private practice, Dr. Samson Opaluwah, has been unanimously elected as the Vice-Chairman of the Council of Registered Builders of Nigeria (CORBON). The election took place during the 107th meeting of the Board on Wednesday, October 11, 2017 in Abuja. The meeting is sequel to the inauguration of the 15-member 6th Council by the Minister of ...

Property developers, suppliers and owners recently got the opportunity to showcase their best projects and services from across sub-Saharan Africa at the Africa Property Investment (API) Awards held on Thursday, August 24, 2017. The awards, which were held at the API Summit and Expo 2017 in Johannesburg, South Africa, recognised innovation and outstanding achievement across the entire property industry in ...

Shifting from the tradition of borrowing with collateral to fund housing, My Own Home scheme of the Federal Government, with a loan of $300 million from the World Bank, plans to make every Nigerian a homeowner. The scheme, which is about home-ownership, was flagged off in Abuja last month. The loan will be repaid in 40 years. In partnership with ...

Grenadines Homes, a member of the Palton Morgan Holdings conglomerate, is poised to boost the Nigerian economy with an ultramodern estate development scheme that is estimated to gulp a whopping N40 billion. Tagged “Atlantic Resort”, the project is expected to attract both local and foreign direct investments, while also providing numerous employment opportunities. At a brief ceremony held on Friday, ...

South Energyx Nigeria Limited, the developers and planners of Eko Atlantic City situated adjacent to Victoria Island, has partnered with Fine and Country West Africa for the Refined Investors Series 2017, scheduled to take place in London, United Kingdom on October 6 and 7, 2017. The event, described as the leading premium real estate forum, is themed: “Taking Nigeria to the ...

The Perfection Real Estate Investors Cooperative Society (PREICS) in Lagos on Sunday, August 6, 2017 unveiled housetypes designated for its Perfection Cooperatives Estates located in Ikorodu and Lekki. The PREICS was also formally launched the housing estates. The PREICS is an independent membership-based real estate club whose sole purpose is wealth creation through real estate investment for the benefit of members. ...