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‘Land use act undermining real estate business’

The 2019 Lagos State Action Democratic Party (ADP) candidate Babatunde Gbadamosi has blamed the dwindling fortune in the real estate on the Land Use Act.

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GPP bags award on Pacific Lagos

The Global Property Partners, a subsidiary of Cavalli Business and Investment Group, says it has been named the best commercial development and consultancy firm for 2019.

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Ghana’s foreign missions unable to pay rent, utilities

Member of Parliament for North Tongu says the country’s foreign missions are playing hide and seek with their landlords because of their inability to pay rent. According to Samuel Okudzeto Ablakwa, this is because the Finance Ministry is starving the foreign missions of funds they need to operate.

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Understanding home buyers advantage in mortgage guarantee programme

Most times when government comes up with programmes or policies that have to do with the mortgage system, the target are generally low income earners who desire to buy and own homes.

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Smoking out slush funds from real estate

Stakeholders in the real estate industry are routing for anti corruption agencies to investigate slush funds channeled into the sector. This is consequent upon the submission by the United Nations Development Programme (UNDP) that developing countries lose funds estimated to be 10 times more than the funding it requires for housing assistance to corruption. OKWY […]

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ONOMO Hotels acquires BON Hotels, creating a powerful pan-African hospitality player

With the announcement, today of the acquisition of BON Hotels by ONOMO Hotels (www.OnomoHotel.com), the hospitality industry on the African continent is set for a major shake-up. ONOMO Hotels has acquired a 60, 1% controlling stake in BON Hotels.

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Insurers recapitalisation bid strengthened as SEC offers to support long-term investments

Insurer’s effort to raise funds in the ongoing recapitalisation exercise initiated by the National Insurance Commission (NAICOM) has received the blessings of the Securities and Exchange Commission (SEC), who have promised to offer assistance to underwriters who will take advantage of long term investment in the capital market.

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FMBN urges mortgage banks to improve on NHF loans processing, disburses N75.5 billion

Following its mandate to boost the provision of affordable housing to Nigerian workers that are registered contributors to the National Housing Fund (NHF) scheme, the Federal Mortgage Bank of Nigeria (FMBN) has re-stated strong commitment to the speedy processing of qualified housing loan applications.

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Finance Bill as Lifeline for Nigeria’s Economic Renaissance

The Finance Bill if passed into law will enhance Ease of Doing Business in Nigeria, strengthen micro, small and medium scale enterprises, as well as address the revenue challenge facing the country, writes Obinna Chima

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Analysts: Stable outlook loss may worsen Nigeria’s FPI

The Central Bank of Nigeria (CBN) may have a tough task on its hands trying to attract capital inflows next year due to Moody’s Investors Service changing of its outlook on the country from stable to negative, analysts at Coronation Research have suggested.

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