Trading turnover on new I&E FX window hits $1bn

A turnover of $1.075bn was recorded on the recently introduced Investors’ & Exporters’ FX window for the weeks-ended April 28 – May 12, 2017 data from the FMDQ OTC Securities Exchange (FMDQ), show. Still within the week, contracts worth $30.30mm traded in fourteen (14) deals in the Naira-settled... [More]

Adopting IPMS initiative for confidence, consistency in property measurement

The growing sophistication in real estate assets is piling pressure on professionals, especially estate surveyors and valuers also known as land economists, to seek ways of upping their game with a view to benchmarking their practice against global best practice. Measurement and standards are integr... [More]

‘Government needs to promote local industries for affordable housing delivery’

To address concerns around the provision of timely, quality and affordable housing for Nigerians through building technology, the federal government has been advised to look inwards and promote local industries. Festus Adebayo, a lawyer and a foremost advocate for quality and affordable housing deve... [More]

Forum sees need for R&D in local building materials as recession bites, import cost soars

As economic recession in Nigeria lingers with the attendant rising costs, the need for research and development (R&D) of local building materials was top of considerations by participants at a three-day forum organised by the Lagos State chapter of the Nigerian Institute of Architects (NIA) rece... [More]

Fresh hope for economy, hospitality industry as Enugu breathes new life into Hotel Presidential

Baring any change of mind by the managers of Enugu State government, the state’s economy and the hospitality industry are set for big boost as the state government sets to breathe new life into the moribund Hotel Presidential—an iconic hospitality facility in the coal city. Before its present woes, ... [More]

Why millions of city dwellers still live in slums despite rising vacancy rate

Millions of people who live in Nigerian cities find homes in the slum areas of those same cities where, as in the cases of Abuja and Lagos, the rise in the number of unoccupied houses in both public and private estates has increased significantly in the last 12 months. This is possible only in aR... [More]

Ibeju Lekki: The new real estate ‘Bethlehem’

Gradually but steadily, a new Bethlehem is evolving in Lagos, Nigeria known as Ibeju Lekki. Like the Biblical Bethlehem-the tiny, agrarian, sleepy and little known Jewish town where the meek and gentle Baby Jesus was born which later became a historical phenomenon by virtue of Christ’s personality, ... [More]

Shelter Afrique, UN-Habitat collaborate to tackle African housing challenges

Shelter Afrique (SHAF), also an Pan-African housing finance institution and the UN Agency for Human Settlement (UN-Habitat), are collaborating to foster housing delivery and sustainable urban development in Africa. Babatunde Oyateru, SHAF Communication and Marketing Officer, made this known in a sta... [More]

Real estate struggles on sluggish trading numbers, space uptake in Q1

Though the retail segment of the real estate market appears to be doing well with encouraging demand for basic consumer goods and entertainment amid economic downturn, a general view and analysis of the market shows it is still a struggle for the market as trading numbers remain low and space uptake... [More]

CIBN prepares to unveil 2016 financial results

In line with the tradition of organizations to render yearly accounts to their members and other stakeholders, the Chartered Institute of Bankers of Nigeria (CIBN) has concluded all necessary arrangements towards hosting the 2017 Annual General Meeting (AGM) of the Institute, Scheduled for Saturday,... [More]

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