High cost of housing units in the country is triggering tension among accommodation seeking Nigerians, especially the poor and low income earners, who are already outside the affordable housing equation due to low purchasing power.
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South Africa’s rand strengthened against the dollar on Monday, with momentum reignited by upbeat remarks from the U.S. Federal Reserve chairman and a Chinese economic stimulus package.
It was disappointing to see nation’s Gross Domestic Product (GDP) turn up below expectations in the second quarter (Q2) of 2019, running against assurances of an improved numbers based on acclaimed investments in the economy by the government.
Mortgage Warehouse Funding Limited (“MWFL”) under its N20 billion Asset-Backed Commercial Paper Programme has pre-financed its first series of mortgages to one of its member mortgage banks, Trustbond Mortgage Bank Plc.
The Big 5 Construct Nigeria, an industry exhibition, will provide extensive free educational programme for construction professionals, the organisers have said.
Kenya has given the go-ahead to global private equity fund Helios to raise a US$500 million green bond to fund the construction of hundreds of student hostels.
Africa’s pace of economic growth is set to pick up this year but the recovery remains patchy and debt levels are soaring, adding urgency to the continent’s drive to boost trade, experts told the World Economic Forum on Africa today.
Governor Abdullahi Sule of Nasarawa State has inaugurated the N1.2 billion Ta’al Orange Market site and Services for a mass housing scheme at Mararaba Gurku, Karu Local Government Areas of the state.
As part of its continued intervention in the foreign exchange market, the Central Bank of Nigeria (CBN) injected a cumulative sum of $2.63 billion to further sustain relative stability in the Foreign Exchange (FX) market.
The Providence, another hotel by Mantis Hotel Group, has opened in Lagos. The hotel is situated in GRA, Ikeja, the capital city of the state. Set with a suburban backdrop, away from the energy and excitement of Lagos, the hotel has a modern design, elegant lines. Luxury and class are to be complemented by exemplary service.