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Off-plan Sale of Real Estate Could be Liability, Says Confab

Off-plan sale of property, a preferred strategy of most real estate developers, could be counterproductive, professionals in the industry have been told. This was an outcome of the Real Estate Finance and Investment Module, Fine and Country organised in collaboration with the Lagos Business School, recently.

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Nigeria’s huge Dangote oil refinery delayed until end of 2020

Africa’s largest oil refinery will not be finished until the end of 2020 due to problems importing steel and other equipment, executives at Dangote, which is building the facility in the Nigerian commercial hub of Lagos, told Reuters.

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The East African Portland Cement To Fire All Its Employees

Tough times are in stock for the loss-making cement manufacturer East African Portland Cement after it announced that it would be laying off all its employees in a cost-cutting measure. The company has attributed its losses and financial tribulations to low uptake of its products in the construction sector, especially in Kenya.

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Nigeria-Morocco project promises new frontiers for growth

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC),  Mallam Mele Kyari has expressed his confidence in the Nigeria-Morocco Gas Pipeline (NMGP) project which he promised would open new frontiers for the Nigerian government.

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Standard Bank aims to build on success of Africa strategy

Africa’s largest bank by assets, Standard Bank, could consider expansion into new markets – possibly via acquisitions – as its strategy to focus its resources on the continent continues to pay off.

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Emerging market currencies to bounce back from trade war jitters

Battered emerging market currencies will eventually bounce back from their beating in the past week on worries about the U.S.-led trade war, but risks remain for currencies of commodity exporters inextricably linked to China, a Reuters poll found.

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Insecurity: Nigerians in Singapore pledge continued investment

Dr. Jonathan Obaje, Vice President of Nigerians in Diaspora Organisation, Singapore Chapter, has said that current security challenges will not deter members of the organisation from investing in Nigeria.

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Osinbajo says Nigeria is capable of being world’s food basket

Vice President Yemi Osinbajo has said that Nigeria is capable of being the world’s food basket. Osinbajo said that this will depend on how Nigerians are able to get high quality inputs, seedling among others. The vice president also said that this will depend on how the federal government is able to use technology to […]

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500,000 homes, 1.5m jobs expected in 5yrs as Fund partners firms

In the next five years, the housing market in Nigeria expects about 500,000 homes, that is 100,000 housing units per year, as Family Homes Funds (FHF) continues its interventions in the country’s housing sector through strategic partnership with players in the housing sector and leading Development Finance Institutions (DFIs) in the world.

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Centum investment to construct 160 units apartment building in Kenya

Investment firm Centum has announced the ground breaking of Riverbank Apartments, a 160-unit housing project at its Two Rivers development in Nairobi. Centum’s Real Estate managing director Samuel Kariuki confirmed that the development is expected to be completed within 24 months.

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