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• 2014 Editor’s Pick: 7 Events That Can Change Your Real Estate Business

  3Invest Media February 2, 2014

  

  One of those places where ‘facts are no longer sacred’ today is the Nigerian Real Estate Sector. Proshare reported early into the year that “There are untapped opportunities in Nigeria’s Real Estate”; one of my revered Real Estate editors, Chuka Uroko, in his opening article this year, also lends his voice on how global economic indices favours our market; and... Read more »

• Is the Tide Rising? World Economic Outlook (WEO) Update

  3Invest Media January 28, 2014

  

  Global activity strengthened during the second half of 2013, as anticipated in the October 2013 World Economic Outlook (WEO). Activity is expected to improve further in 2014–15, largely on account of recovery in the advanced economies. Global growth is now projected to be slightly higher in 2014, at around 3.7 percent, rising to 3.9 percent in 2015, a broadly unchanged... Read more »

• Nigeria overtakes South Africa as it emerges Africa’s Largest Economy in 2weeks

  3Invest Media January 28, 2014

  

  In two weeks Nigeria will release its rebased gross domestic product (GDP) statistics. The new numbers will show Nigeria’s GDP rising by 65 percent to $432 billion, meaning the country has overtaken South Africa as Africa’s largest economy. The figure confirmed by sources at the National Bureau of Statistics (NBS) suggests that the Nigerian economy has been hugely underestimated over... Read more »

• LAGOS STATE PASSES 2014 BUDGET, ACCOMODATES LAGOS BADAGRY EXPRESSWAY COMPLETION

  3Invest Media January 28, 2014

  

  The Lagos-Badagry expressway has been a bane to the people of its environ for years because of the traffic; the recent announcement by the Lagos state government to allocate 20 percent of this year’s budget to works and infrastructure in and around the state is a relief to the people, who have had to struggle with bad roads and incessant... Read more »

• HOUSING LOANS AT 1.6% INTEREST

  3Invest Media January 28, 2014

  

  Cement manufacturer and marketer, Lafarge Wapco has decided to partner with LAPO, a Nigerian microfinance bank to provide affordable housing for low income earners by financing 400 clients for housing projects over the next six months. LAPO is in charge of disbursing the loans at a rate of 1.6 percent per month, which is one percent less than their usual... Read more »

• Nigeria to Sell Abuja Commodity Exchange Stake to Revive Market

  3Invest Media January 23, 2014

  

  Nigeria’s government plans to sell its ownership of the Abuja Securities & Commodities Exchange by the middle of the year after missing an initial deadline in a plan to revive trading. “The government wants to privatize the only commodity exchange and it had committed to doing it by the end of last year,” Securities and Exchange Commission Director General Arunma... Read more »

• AM Facilities Facilitates Free Management Consultancy for Retail Developers, Managers

  3Invest Media January 23, 2014

  

  In response to growing local and foreign interests in the Nigerian retail real estate space, Alphamead Facilities and Management Services Limited has concluded plans with its foreign technical partner, Cluttons LLP, to offer a free one-on-one management consultancy for all levels of retail projects in Nigeria. Stakeholders attending the Retail Development and Management Forum, billed for early February in Lagos,... Read more »

• The Managing Director of Odua Investment developers of Heritage mall resigns

  3Invest Media January 20, 2014

  

  The Group Managing Director, Odu’a Investment Company Limited, Mr. Adebayo Jimoh, has announced his resignation after nine years as the head of the conglomerate. Jimoh, who did not give any reason for his action, said the resignation would take effect from May 2014 and that KMPG Advisory Services had been mandated by Odu’a Investment to shop for a qualified person... Read more »

• Lagos National Stadium concession gets approval

  3Invest Media January 20, 2014

  

  President Goodluck Jonathan has approved the concession of the National Stadium in Lagos. The approval was granted last week according to Ministry of Sports officials. The Minister of Sports, Mallam Bolaji Abdullahi is now expected constitute the Project Steering Committee and the Project Delivery Committee, which will liaise with the Infrastructure Concession Regulatory Commission to draw up modalities for the... Read more »

• The Official press statement of Dr Goodluck Ebele Jonathan on the launch of NMRC

  3Invest Media January 18, 2014

  

  His excellency the vice president, excellency the governors and deputy governors here with us for this launch ceremony, members of the national assembly, the coordinating minister of the economy and honorable minister of finance and other members of the federal executive council here with us. Sectors of governments and other senate government functionaries, members of the diplomatic corps, government partners,... Read more »