Friday , 28 March 2014
For three decades, the Murtala Muhammed International Airport (MMIA) has been Nigeria’s major airport, generating more revenue than others and boasting the highest passenger traffic in the country. However, the airport was driven to rack-and-ruin after years of neglect with overstretched facilities, but it’s now undergone an overhaul, which has led to a remarkable comeback reports Adeola AkinremiIt doesn’t matter... Read more »
The shrinking economy of the Western world is having a positive impact on African economies, especially sub-Saharan Africa, where property values have gone up and portfolio investors have upped their investment, market watchers say. Read more »
The World Bank is to partner Nigeria to develop a sound mortgage financing structure that would deliver affordable houses to Nigerians. Read more »
The Sun Set at Dawn: Tribute to Stanley Oyekomelu. I still remembered how Stanley walked into our interview room full of life and enthusiasm to pursue his dreams. Until his painful demise last Saturday, we never stopped, at every given opportunities we had, to discuss those lofty dreams. For me, Stanley’s death is a personal loss! Stanley, a 2006 graduate... Read more »
ANOTHER private residential estate in the heart of Lekki Peninsula, Peace Court is set to join the ranks of housing developments on the Victoria Island-Epe corridor. The 16-unit estate is located in Ocean Bay Estate Lagos. Promoted by private developers, Messer Kalyteros Nigeria Limited, the estate is a cluster of innovative house types comprising 4 bedroom terraces with each unit having a... Read more »
3Invest Limited, an emerging Real Estate Investment company focused on how to help the Nigeria’s Real Estate grow has launched a programme, 3Investor Loyalty Programme (Card), designed to help Real Estate investors and consumers save up to 50% of the transaction and professional fees. The loyalty programme was launched alongside a Real Estate Investment Network, RIEN, in Lagos last week... Read more »
Nigeria’s Real Estate Industry contributes less than 5% to the nation’s economy. In other emerging markets such as Brazil, Russia, India, China and South Africa; the sector contributes between 15-25%. Key regulatory, financial, housing and policy challenges has resulted in building investors’ apathy within the industry. These challenges have resulted in discourse between government and private sector. Resulting by extension,... Read more »
President Goodluck Jonathan said the Federal Government and State governments are working on how to reduce the current high cost of property transactions by lowering fees charged for consent and registration. Jonathan disclosed this while declaring open the 3rd ASO National Exhibition & Conference last week at the International Conference Centre in Abuja. He also promised to ensure the reduction... Read more »