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• NMRC begins operations set January 2015 for first refinancing

  3Invest Media July 14, 2014

  

  In the just concluded stakeholders’ forum on Uniform Underwriting Standards Workshop, held in Lagos, NMRC is preparing to resume full operations in the next few weeks. The seminar was organised in conjunction with International Finance Corporation (IFC) implemented a Uniform Underwriting Standards Workshop with the Primary Lending Institutions (PLIs) and other stakeholders with a view to provide support for the... Read more »

• RICS appoints first female president

  3Invest Media July 13, 2014

  

  Louise Brooke-Smith becomes President of the Royal Institution of Chartered Surveyors (RICS). Louise is the first female President in the Institution’s 146 year history. She will give her inaugural speech tomorrow (1 July) during RICS’ Governing Council meeting in London. Alongside her presidency of RICS, Louise will continue to be involved with the Birmingham based planning and development consultancy, Brooke... Read more »

• Takeaway – thoughts around entrepreneurship and retail by Tolu Ogunlesi

  3Invest Media July 13, 2014

  

  Ran into a friend yesterday in Lagos. He relocated – part relocation; divides his time between Lagos and NY – to Nigeria two years ago to start a service business. He actually cashed out his 401(k) pension plan and invested it in his Lagos business. Now he wants to expand into another line of service business, and he’s fundraising in Nigeria and... Read more »

• The Pension Fund Administrators have invested N228.3bn in real estate #Nigeria

  3Invest Media July 13, 2014

  

  According to statistics obtained from the National Pension Commission last week, this amount is about 5.2 per cent of the N4.3tn total pension asset as of May, 2014. The report also showed that N190.8bn and N78.8bn had been invested in state government securities and corporate debt securities, representing 4.1 per cent and 1.8 per cent of the pension asset, respectively.... Read more »

• What does it take to access mortgage facility?

  3Invest Media July 9, 2014

  

  Home ownership is the cornerstone of a strong community.  As a basic need of man, the importance of housing cannot be overemphasized. Recognizing this, recent debates within built sector in Nigeria reiterate unanimous opinions that a well-define mortgage system is required to offset the housing deficit quoted at about 17 million. Major efforts have already been made to create a... Read more »

• CBN approves 36 recapitalised mortgage banks, 10 National, 26 State and others delisted

  3Invest Media July 7, 2014

  

  FOLLOWING the recapitalization exercise of the Primary Mortgage Institutions (PMIs) in the country, 36 mortgage firms have scaled the hurdle and now gotten the Central Bank of Nigeria’s license to administer mortgage portfolio in Nigeria. While 10 mortgage firms have been approved to remain in business with a national license, the remaining 26 banks are approved to operate with a... Read more »

• Cautious Investments May Slow down Real Estate Activities

  3Invest Media July 7, 2014

  

  Real estate activities may slow in the second half of 2014 as investors adopt cautious investment strategies, a report has stated. This according to the report will also be driven by the volatile political environment. The Managing Director/Chief Executive Officer, Financial Derivatives Company Limited, Mr. Bismarck Rewane stated this in his latest monthly economic news and views presented at the... Read more »

• Recovery prospects high as global house price boom jumps in Q1 2014 by Chuka Uroko

  3Invest Media June 24, 2014

  

  Global house price boom which happened in most markets in 2013 gathered pace in the first quarter of this year (Q1 2014) and averaged 20 percent price rise, raising prospects of recovery for the markets that literally went on their knees during the global economic recession. Within this period, prices rose in 31 of the 45 housing markets which have... Read more »

• IFC invests $9.5 million into Jabi Lake Mall in Abuja

  3Invest Media June 23, 2014

  

  The International Finance Corporation, a member of the World Bank Group, has said it has staked $9.5m investment in Jabi Lake Mall to support the demand for modern business infrastructure and retail space in the Federal Capital Territory. According to a statement by the IFC, the project will help create about 350 construction jobs and 900 long-term retail sector jobs.... Read more »

• Immigration and Naturalization Opportunity Through Real Estate Investment With EB5 In Texas, United States

  3Invest Media June 22, 2014

  

  3INVEST woos investors to an opportunity to invest and naturalize as they partner with Houston EB5 to raise capital in the region. Houston EB5, a Real Estate investment company, is offering potential investors, the opportunity of investing in Real Estate development in one of USA’s most desirable Real Estate market, Houston Texas. In addition to the prospect of a handsome return... Read more »