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Residential, commercial opportunities seen in Nigeria’s wasting public assets

The level of waste and under-utilisation arising from federal government’s abandoned public assets sitting on prime land in the country have become too glaring to be overlooked by many Nigerians especially real estate industry observers. At a time when the government struggles to address huge housing deficit estimated officially at 17 million units, some federal […]


Actis acquires management rights to two Abraaj funds

Private equity firm Actis has acquired the rights to manage two private equity funds previously managed by Abraaj, the firm announced on Monday. In a statement, Actis said it will take over the management rights to Abraaj Private Equity Fund IV and Abraaj Africa fund III.


More than 9 million Nigerians lack affordable housing – FMBN

The Federal Mortgage Bank of Nigeria, FMBN, has said that more than nine million Nigerians lacked affordable housing. The branch Manager, FMBN, Enugu, Mr Emeka Aroh, made the disclosure on Friday in Enugu at a one day seminar organised by a private company, Light Hill Housing Cooperative for multipurpose cooperative societies in the South-East.


Ongoing constructions at Alaro City excite investors

Ongoing construction works at Alaro City, the new mixed-income city being built at the Lekki Free Zone (LFZ), has excited investors and prospective homeowners, just as the developer intensify efforts to deliver in good time.


Osinbajo inaugurates 650 housing units project in Delta

Vice President Yemi Osinbajo, on Friday, inaugurated 650 affordable housing units comprising 192 one-bedroom, 230 two-bedroom semi-detached terrace and 228 three-bedroom bungalows near Asaba. The VP accompanied by Gov. Ifeanyi Okowa had earlier visited the Asagba of Asaba, Prof. Chicken Edozie.


Ogun moves to partner FMBN, NHF for provision of mass, low-cost housing

As part of iconic celebration of 100 days in office of Dapo Abiodun as Governor of Ogun state scheduled for September this year, the Ogun state government is putting up arrangement to construct low-cost housing for public and civil servants as well as interested residents in all the three senatorial districts of then state. Consequently, […]


Inside Abuja’s newest ‘container’ office structure

The sight of steel containers in major cities across Nigeria housing shops, offices, workshops and the like is not something new, however, seeing a complete building fabricated from these containers is what is novel to the building industry in Nigeria.


Leveraging Pension Funds for Infrastructure Development

A landmark infrastructure project aimed at boosting growth in the industrial sector of Africa’s largest economy was recently inaugurated in Ogun State, arguably the fastest-growing industrial hub in Nigeria.


‘Abuja investment expo will explore opportunities of ‘rent to own’ to ensure more Nigerians own their own homes’ – Businessday NG

Johnson Somadina Anene, is the vice president of the Abuja Chamber of Commerce and Industry, (ACCI) in charge of Commerce. In this interview with HARRISON EDEH, he spoke on how the forth-coming Abuja Investment Expo would ‎ensure working class Nigerians could own their own homes though a ‘rent to own scheme,’ among other issues.Excerpts: Can […]


Nigeria’s drop out of Africa’s Top Investment Destination in 2018 unusual – Businessday NG

A leading real estate firm, Messrs Ubosi Eleh+ Company has described as rather unusual Nigeria’s drop out of Africa’s top 10 investment destinations in 2018. In a 110-page special annual publication titled ‘The Nigeria Real Estate Report’, the firm outlined how certain factors including politics, macro-economy, micro-economy and the budget affected the real estate outlook […]


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