Friday , 28 March 2014
Chike Obi calls for economic, unemployment emergency in Nigeria THE Asset Management Company Limited (AMCON) has announced that the sale of the three nationalized banks would commence in June 2014. According to the Chief Executive Officer of AMCON, Mustapha Chike Obi, Enterprise bank would be sold by June while Mainstream would follow subsequently in October this year. Chike Obi, while speaking... Read more »
Badagry is one of the Nigerian towns patronized by tourists from everywhere. AJIBOLA AMZAT visited the tourist town recently. He writes about the three major museums located in the town. BADAGRY in Lagos state is a tourist town with a frightening past. Several tourist sites that dot the landscape of Badagry are full of relics of slave trade that lasted... Read more »
The Association of Professional Bodies of Nigeria (APBN) met in Lagos recently. One of its major worries is the intensity with which foreign expertise is dominating the Nigerian market. Real Estate experts also aired their frustration on the development. A closer look at the nation’s Real Estate market however, would reveal that if care is not taken, the foreign-experts push... Read more »
As Real Estate contribution to Nigeria’s Gross Domestic Product, GDP, takes the upward swing, stakeholders have begun strategizing on how bring the industry to digital speed. This idea was articulated by various interests within the built sector at the second edition of the Property Buyers’ Forum, PBF, oraganised by 3Invest Limited. 3Invest, a notable Real Estate advisory firm, in its... Read more »
President Goodluck Jonathan lastweek, commissioned a N2.4 billion mass housing project of 270 flats which has been called Aviation Village in Abuja. The project which was financed by the Federal Mortgage Bank of Nigeria (FMBN) is affirming his Government’s decision to reform the housing and bridge the deficit, the president noted. The President also used the opportunity to introduce the... Read more »
Mr Gimba Kumo, the Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), speaking in an interview with the News Agency of Nigeria (NAN) in Lagos said that they had refinanced more than N32 billion mortgages for workers to buy houses in Abuja. According to him, the amount was invested to assist workers to buy the non-essential residential Federal... Read more »
If I were to be confronted with this question in a vox pop, my most likely answer will be “not anytime soon”. But after distilling a 2013 State of Digital Media Report a senior colleague shared with me; I found, among other intriguing revelations, four things worth your attention. One, that as at 2011, 62.4bn out of the 200bn currently... Read more »
It was probably not a shock when I found that no Real Estate Brand made the just-released Alder Consulting Social Media Report. Let’s not go to Pluto for the reason. Here’s my summation: real estate people are especially not interested in ventures that can’t translate to hard cash! I’d asked a friend to make suggestions on a post I was initially... Read more »
Join 3Invest, Diamond Bank, ARM Investment managers, Jobberman, HFP, Property Mart, AM Facilities, Dunn Loren Merrifield, IPDC, Rifeng, and Grand Imperial at Property Buyers’ Forum 2014. Since the flag off of the countdown to the maiden edition of the Property Buyers’ Forum in collaboration with Social Media Week 2014 2 weeks ago, tremendous support has poured in from the industry... Read more »
The Nigerian fast food industry is about to get more competitive as indications show that McDonalds and other major fast food chains are interested in making an entry into the fast growing Nigerian fast food market. Speaking in an exclusive interview with Business Day, the Managing Director of Mr. Biggs, Mr. Chris Adedipe, said McDonalds registered in Nigeria one month... Read more »