TCN plans demolition of buildings on right of way

Many communities in Ogun State are under threats of having their buildings demolished for erecting them on the Right of Ways (RoWs) of the Transmission Company of Nigeria(TCN), it was learnt. The affected communities: Papalanto, Ibogun, Ogijo, Sagamu (Ogun State) and Badagry (Lagos State) will, however, be compensated, as TCN is finalising plans to that effect.

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GRIT Real Estate – The next level

GRIT Real Estate Income Group (LON:GR1T), the leading pan-African real estate company, has released a trading update for its financial year ending June 2019. The company is on track to deliver its targeted 12% total shareholder return for FY June 2019, and an increased dividend. Furthermore, the occupancy rate stands at 97.2%, and 95% of expiring Gross Lettable Area has been renewed or replaced.

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SA hotel room revenue slightly up

A focus on business tourism is the key to unlocking the full potential and profits of Africa’s hotel rooms.

PwC’s ninth edition of the Hotels Outlook: 2019-2023 was recently released and includes information about hotel accommodation in South Africa, Nigeria, Mauritius, Kenya and Tanzania.

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Nigerian Governors review deals with World Bank

The 36 Governors on the platform of Nigeria Governors’ Forum (NGF) have met with the officials of the World Bank to review engagements in the country and at sub-national level.The NGF Chairman and Governor of Ekiti State, Dr. Kayode Fayemi, said after the first meeting held in Abuja on Wednesday that the Bank had been a major partner in development projects of all the states.

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With insurance, we are solving rental problem in Lagos – CEO Rent Small-Small

Tunde Balogun is the CEO of Rent Small-Small.com, a Lagos based property Technology Company helping people get accommodation without having to pay one or two years rent upfront. In this interview with Modestus Anaesoronye, he shares his thoughts on challenges facing house renters in Lagos, what the tech product is doing, and plans to solve…

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Growthpoint-Investec African JV secures its first two deals

Growthpoint and Investec Asset Management announced their pan-African real estate investment joint venture backed by the World Bank’s International Finance Corporation investment arm more than three-and-a-half years ago. Its first deals have now been secured and are about to be revealed.

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Six out of Ten Nigerians have no access to finance – NDIC

The Nigeria Deposit Insurance Corporation (NDIC) on Wednesday revealed that six out of 10 Nigerians have no access to finance. This comes as the Corporation has harped on the need for financial as the only means of pulling Nigerians put of poverty. The NDIC’s submission comes at a time when Nigeria is the poverty capital …

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Meet TY Danjuma who owns 30 properties in 3 continents and is worth $1.2billion

The Kings Arms Hotel is a 300-year-old inn next to London’s Hampton Court Palace, once the home of Henry VIII. It’s poised to open soon after refurbishment, with rooms costing about 250 pounds ($318) a night. Guests can dine on traditional fare in the Six restaurants, a reference to the monarch’s many wives, or grab a pint on the terrace.

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