EFCC arraigns land racketeer over N7m fraud

The Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned one Alhaji Ibrahim Kamba at an FCT High Court in Jabi over alleged N7 million fraud. The Commission’s Prosecutor, Mrs Eunice Dalyop, told the court that the defendant was reported to EFCC through a written petition by one Mr Al... [More]

Housing: FMBN expends N2.3b in Oyo, commissions ministerial pilot estate

The Federal Mortgage Bank of Nigeria (FMBN), says it has invested a total of N2.303 billion to finance the construction of 624 housing units in Oyo State.   Richard Esin, Acting Managing Director of FMBN, at the weekend disclosed this in his address at the commissioning of the FMBN/VIVA Housing Esta... [More]

Why Monetary Policy Committee kept rates unchanged

Last week, 9 out or 10 members of the Monetary Policy Committee (MPC) voted for the retention of monetary policy rate at 14 percent, Cash Reserve Ratio (CRR) at 22.5 percent, liquidity ratio at 30 percent and asymmetric corridor of +200/-500. Moses Tule, director of monetary policy department, Centr... [More]

Elegushi, British envoy endorse Imperial Business City

The infrastructural investment of the Lagos state government along the Lekki/ Ajah corridor has been applauded by the Elegushi of Ikate Land and Environ, Oba Saheed Ademola Elegushi, the Kunsenla III. The Monarch, who spoke while receiving the Director, Department of International Trade, British Hig... [More]

Oyo ‎assures property owners of compensation, embarks on roads expansion

Oyo State Government has assured residents whose property will be demolished as a result of the current road construction and expansion across the state that they will be adequately compensated. The new project is an addition to the ongoing dualisation of Idi-Ape-Akobo-Odogbo Barracks Road; dualisat... [More]

Monarch endorses Imperial City as British envoy pledges collaboration with developer

Though it is still in early stages of development, the Imperial International Business City (IIBC), which is one of the upcoming urban communities in Lagos, has received royal blessing as Elegushi of Ikate Land and Environ, Oba Saheed Ademola Elegushi, the Kunsenla III, has endorse  the ambitious pr... [More]

Eko Atlantic City in new milestone with ‘Great Wall of Lagos’

It is yet another milestone at Eko Atlantic City as the Great Wall of Lagos extends beyond 6 kilometres in length. The wall, which is expected to reach 8.5 kilometers upon completion, is a large sea revetment aimed to protect the emerging new city, Victoria Island, and parts of Lekki from the threat... [More]

Property transactions looking up across prime central London

Despite ongoing political and economic uncertainty, there has been a major improvement in sales volumes throughout prime central London as purchasers seek to take advantage of lower asking prices, according to new research. JLL’s prime central London report shows that the volume of transactions in t... [More]

Rising vacancy, falling prices are challenges offering opportunities in recession’

The global financial crisis caused by the crash in the price of crude oil has caused an economic recession in many countries around the world and in Nigeria, the impact is on every sector of the economy including real estate which appears to have taken the worst hit. The sector has seen rising vacan... [More]

Housing for All: How to apply for the NHF loans (1)

The last three editions were particularly tasking. I tried to aptly capture the feelings and mindsets of my various readers who daily inundated me with calls, mails and chats all to find out a thing or the other about the National Housing Funds scheme and by extension, the Federal Mortgage Bank of N... [More]

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