Category Archives: Business

Government must provide infrastructure – Estate Developers

Real Estate Developers are appealing to government to develop the infrastructure needs to enable them easily provide affordable housing. According to them, it is the duty of government to provide the roads, drainage system and other infrastructure needs, since such activities are capital intensive and

China dominates global city rankings for house price growth

Chinese cities recorded the strongest mainstream house price growth in 2017 and seen the biggest rise in the prime property market, new research has found. Price grow by more than 10% in eight Chinese cities in the mainstream market, led by Chongqing with an increase

KUALA LUMPUR DECLARATION ON CITIES 2030

We, the participants of the Ninth session of the World Urban Forum — representing  national, subnational and local governments, parliamentarians, civil society, older persons, women, youth, children, persons with disabilities, grassroots groups, indigenous peoples and local communities, private sector, foundations and philanthropies, international and regional

Stakeholders Chart New Path for Financing Low-Income Homes

With housing production estimated at 100, 000 housing units per year, experts in housing industry have called for adequate housing finance for the low-income group, which constitutes larger part of the population. According to them, the lowest recorded interest rate on a mortgage in Nigeria

Africa Promises Good Investment Opportunity Says Elumelu at WEF

Mr. Tony Elumelu, group chairman, United Bank for Africa (UBA) and one of Africa’s top businessman, has stressed the need to change the African narrative while concentrating on the myriad of opportunities inherent in the continent, stating that its economic transformation and stimulation should be

Enugu Gov. Commends Ugochukwu Chime at the Commissioning of ECCIMA House

Governor Ifeanyi Ugwuanyi of Enugu State has reassured the Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) of the continued support, assistance and collaboration of his administration for sustenance of the existing business- friendly environment towards the enhancement of economic and commercial potentials of

Informal sector as critical growth factor

Like the Biblical rejected stone, the informal sector of the Nigerian economy has become the head of the corner for economic growth. This is a sector that, before now, was not reckoned with as a growth index. But all in a jiffy, both the housing

Assets: Underwriters grow investment in real estate to N103bn

Nigerian underwriters have continued to experience a boom in the real estate sector as investment in industry increased by N5 billion from N98.11 billion to N103.51 billion within a period of one year. According to the balance sheets prepared by the regulator, National Insurance Commission

Expert Tasks Developers On Mass Housing Scheme

Mr Omotayo Awomosu, the Chairman, Association of Town Planning Consultants of Nigeria (ATOPCON), Lagos Chapter, has urged developers to build more houses to crash the cost of rent in the country. Awomosu told Housing News in Lagos on Wednesday that the incessant rise in cost

Deficit in A-grade real estate, economy fingered for REIT underperfomance

Deficit in A-grade real estate compared to similar urbanising environments, coupled with a volatile and on-diversified economy that relies much on crude oil have been fingered for the low investment in Real Estate Investment Trusts (REITs) in Nigeria. An additional factor responsible for this low

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