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Loans To Real Estate Drop By 24% To N596bn

Credit allocation from commercial banks to real estate industry has maintained a steady drop in over one year. Loans from commercial banks to the real estate industry, which began to drop over a year ago, have maintained the downward trend.

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Billionaire Oracle cofounder Larry Ellison calls embattled WeWork ‘almost worthless’

According to a report in Barron’s , Ellison offered a scathing take on WeWork’s business model: “WeWork rents a building from me, and breaks it up, and then rents it. They say, ‘We’re a technology company, and we want a tech multiple.’ It’s bizarre.”

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Luqman Edu scores bigger deal

It is a known fact that many wealthy parents give their kids a big advantage teaching them social and financial responsibility in the midst of plenty. But not all of these kids turned responsible and productive on the long run.

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Lekki-Epe corridors’ estate investments delight property developers

With the near completion of Dangote Refinery and projects like multi billion Alaro city , Sea port as well as a relative cheaper land, Lekki- Epe axis is heralding a robust real estate development in Nigeria.

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Awka Millennium City 0ffers huge investment opportunities, says Nwogbo

Dr. Clem Nwogbo, Group Chairman of M-P Infrastructure advices Ndigbo to think home, says Awka Millennium City project offers huge investment opportunities in the South East.

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Analysts back MPC’s call for privatisation of public assets

Analysts in the financial services sector have unanimously backed the call by the Monetary Policy Committee (MPC) to the Federal Government to urgently build fiscal buffers through the sale of idle public assets to raise more revenue. The MPC chaired by Godwin Emefiele, governor, Central Bank of Nigeria (CBN), on Friday called on the government…

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Sandton skyscraper: More exciting plans for the R3bn Leonardo

The 234-metre Leonardo skyscraper in Sandton is almost complete, and developers have even greater plans for the R3 billion mixed-use development and surrounding area.

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Katara Hospitality exploring investment opportunities in South Africa, says envoy

Katara Hospitality is exploring various investment opportunities in South Africa, including a possible acquisition of hotels and resorts, among others, South African ambassador Faizal Mooza has said. “They’ve just been into my country two weeks ago to go and assess and do a due diligence on a number of opportunities and I’m sure shortly they […]

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Transcorp Hotels announces close period ahead of Q3 2019 results

The Board of Directors of Transcorp Hotels Plc has declared a closed period from September 30, 2019, until 24 hours after the release of the company’s third-quarter financial statements. This was disclosed in a notification to the Nigerian Stock Exchange (NSE).

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Real Estate agencies are drivers of land disputes say Lands Minister

Musa S. Drammeh, minister of Lands, Regional Government and Religious Affairs has said that the activities of Real Estate Companies are drivers of conflict over lands in this country, adding that as a result of their activities, every piece of land particularly in the Greater Banjul Area has increased in economic value.

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