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March 4, 2017
Development: Ilubirin, Lagos Island, Lagos. Image Source: LASG

Development: Ilubirin, Lagos Island, Lagos

Ilubirin is a mixed use development located on Lagos Island at the foot of Third Mainland Bridge that faces the Lagos Lagoon. The development’s objective is to ‘contribute to the vision of the Lagos State Government for prime residential development, leisure, recreation, and […]
February 20, 2017
The Assembly of Heads of State and Government of the West African Economic and Monetary Union (WAEMU) in June 2016, in Dakar, Senegal. Image Source: uemoa.int

IFC Invests $2m in West African Mortgage Refinancing Company

The IFC, a member of the World Bank Group, has announced a financing agreement with the West African Economic and Monetary Union’s Caisse Régionale de Refinancement Hypothécaire (CRRH-UEMOA), the regional mortgage refinancing company. The equity investment of 1.25 billion CFA franc […]
February 19, 2017
African Development Bank Approves $28.2m Funding for Shelter Afrique

African Development Bank Approves $28.2m Funding for Shelter Afrique

Through a mixture of equity and debt capital, the African Development Bank (AfDB) has approved a $28.2m injection into Shelter Afrique. An $8.2m equity injection that was announced last year, was finally disbursed at the beginning of the February 2017. The purpose of […]
February 3, 2015

Nigeria Needs $350bn For Housing and Regional Development

A new blueprint for infrastructure development devised by the National Planning Commission, entitled the National Integrated Infrastructure Master Plan (NIIMP) estimates that $3tn will be required in the next 30 years to build and maintain adequate infrastructure supplies. This was noted in a government sponsored This Is […]
September 4, 2014

Is GTBank really giving Mortgages for 8%?

In a bid to promote transparency and full disclosure, the Monetary Policy Committee decided that all lending rates by Deposit Money Banks will be made public to guide business decisions. The figures published reveal that GTBank’s prime mortgage lending rate is 8%. An […]