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Hilton Reaches 100 Hotel Milestone in Africa

Hilton (http://www.Hilton.com) today announced at the African Hotel Investment Forum (AHIF) the signing of Hampton by Hilton Sandton Grayston, a deal which marks the first for the brand in Africa and a milestone of 100 hotels trading or under development on the African continent for Hilton in its centenary year.

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What led to fire outbreak – Unity Bank

Unity Bank has disclosed that the fire incident that broke at its head office was caused by one of its tenants. In a statement issued to notify its investing public through the Nigerian Stock Exchange, signed by the Company Secretary of the bank, Mohammed Shehu, the financial institution stated that the fire broke from the […]

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Experts want crowd funding for real estate financing

Finance experts and stakeholders have called for the use of crowd funding in the nation’s real estate sector, as a means of increasing the financial capacity of Nigerians and unlocking the dead capital in the industry. For them, it is another clear path to reducing the huge housing shortages in the country.

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CBN’s cap removal on mortgage interest rate means higher loan cost—industry sources

Players in Nigerian mortgage industry are optimistic that the recent action by the Central Bank of Nigeria’s (CBN) that saw the removal of 5 percent cap on interest rates for mortgage finance will give room for rate increment.

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Marriott International Expects to Add 40 New Properties Across Africa by 2023

From the Africa Hotel Investment Forum in Addis, Marriott International (http://www.Marriott.com) reinforced its commitment to Africa by announcing it expects to add 40 properties and over 8,000 rooms across the continent by the end of 2023. The company also announced signed agreements to open its first property in Cape Verde and further expand its presence […]

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First Generation Bags West Africa’s Best Mortgage Finance Bank

First Generation Mortgage Bank Ltd, one of Nigeria’s foremost mortgage bank has recently been awarded as the Best Mortgage Finance Bank in West Africa for the year 2019. The honour was bestowed on the organization at the 2019 edition of the prestigious West African Innovation Awards, which took place September 12, 2019 at the Lagos […]

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Lekki-Epe corridors’ estate investments delight property developers

With the near completion of Dangote Refinery and projects like multi billion Alaro city , Sea port as well as a relative cheaper land, Lekki- Epe axis is heralding a robust real estate development in Nigeria. Notwithstanding the lull in Nigeria’s real estate sector, the Lekki-Epe area of Lagos has continued to offer a ray […]

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Nigeria to construct 2,500 affordable housing units in Bauchi State

The government of Nigeria has announced plans to finance construction of 2500 affordable housing units in Bauchi State. Federal Ministry of Finance signed a memorandum of understanding with the Family Home Fund (FHF), the corporate handing the development.

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Sujimoto Construction Marks 5 Years Anniversary

As part of the efforts to mark its five years anniversary, the Sujimoto construction company is set to celebrate its 5th anniversary which according to the Company’s CEO, Sijibomi Ogundele, is the celebration of womanhood and the appreciation of the outstanding works the mother.

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Loans To Real Estate Drop By 24% To N596bn

Credit allocation from commercial banks to real estate industry has maintained a steady drop in over one year. Loans from commercial banks to the real estate industry, which began to drop over a year ago, have maintained the downward trend.

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