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The place of mortgage when an economy is diversifying

The question frequently asked when the mortgage industry is highlighted as an economic growth enabler is what role the industry can play or what its place is when an economy is diversifying.


Investors shun property market, glut persists

Despite a rebound in some secto rs of the economy, the property market has remained slow in the past two to three years, industry analysts have said. Investors have not been showing much interest in the market, according to stakeholders, leading to property glut and increasing default on construction loans.


NMRC, Kaduna sign N3bn mortgage agreement

The Nigeria Mortgage Refinance Company has signed an agreement with the Kaduna State Government and Federal Housing Authority Mortgage Bank to create affordable mortgages in the state. The agreement, known as Mortgage Blended Initiative, is aimed at mortgage creation and refinancing at single-digit interest rate with an initial investment of N3bn.


Why asset valuation is key to IPSAS adoption in Nigeria

The real estate sector perched recently on the brink of history, when a global forum for international valuation professionals – the International Conference on the Valuation of Plant, Machinery and Equipment (ICVPME) was told recently that three states in Nigeria is on the verge of valuing its assets for their financial statements.


More buildings will collapse unless… – Prof Onundi

Lateef O. Onundi is a Professor of Structural Engineering at the University of Maiduguri (UNIMAID). In this interview, he gives reasons why many more buildings may collapse across the country.


Not yet affordable housing despite high promises

The housing sector of any country can mar or boost the economy, depending on the manner government wants to run its policies.It is instructive that there is a lot of obvious difference in the way the government accords its priorities on the different sector of the economy.


Hotel oversupply to stunt investments

Nairobi remains the key investment destination for global hoteliers, with 3,167 rooms, representing 74.8 per cent of the total number of rooms slated for the Kenyan capital.


Buffalo Mall posts Sh33 million profit

Naivasha’s Buffalo Mall made a net profit of Sh33 million in the year ended June, reversing a net loss of nearly Sh600 million a year earlier. The improved performance was driven by higher valuation of the shopping complex, resulting in unrealised fair value gains.


Land grabbers as threat to Nigeria’s real estate industry

Land grabbing in Nigeria will remain an albatross to the citizens of the country until decisive measures are taken to reverse the ongoing trend. Land in the country has continued to appreciate coupled with the fact that in the southern part of Nigeria land ranks like gold because of it’s sparse nature.


The UN And Nigeria’s Housing Crisis

Leilana Farha, the United Nations’ (UN) Special Rapporteur on the right to adequate housing, has called attention to the housing crisis in Nigeria. According to her, “Nigeria’s housing sector is in a complete crisis. Existing programmes will hardly make even a small dent in addressing the ever-growing housing need.” Farha, who made this known while […]


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