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FG finally hands over State House, Marina to Lagos govt

The Federal Government on Tuesday completed the process of handing over the State House, Marina, to the Lagos State Government. The process which started about 20 years ago was completed with the signing and exchanging of documents between the state government and the Federal Government

Bad loans push Shelter Afrique to $2.16m loss

Troubled mortgage lender Shelter Afrique has reported a $2.16 million net loss for the six months ended June, compared to a net profit of $1.65 in the same period a year ago on the back of increased provisions for bad loans. Shelter Afrique’s loan impairment

FG Commences Intervention Program In Housing

The Minister of State, Power, Works and Housing, Hon. Mustapha Baba Shehuri  says that the Federal Government is intervening in the housing sector by establishing housing programs in the 36 states of the Federation. Mustapha Baba Shehuri disclosed this on Tuesday at the commemoration of

Housing: Anambra govt. to fast track project

Prof. Solomon Chukwulobelu, Secretary to the Anambra State Government said the state would deploy resources to fast track the ongoing National Housing Project (NHP). Chukwulobelu made this known on Thursday in Awka when he received the Minister of State for Power, Works and Housing, Alhaji

How construction, real estate can drive growth, by experts

Worried by the decline recorded in their sectors in the last one and half years, stakeholders in the construction and real estate industry have suggested ways out of the woods. DAYO AYEYEMI reports While the dust raised by the 2017 third quarter data on Nigerian’s

Four states adopt NMRC’s draft mortgage foreclosure law

Hopes of realizing the mortgage-backed housing dream brightened recently, following the adoption of the Nigeria Mortgage Refinance Company (NMRC) pioneered draft model mortgage foreclosure law by four states in the country. The states that have executed the law, memorandum of understanding and technical assistance with

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