Category Archives: Business

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

Growing economic confidence translates to demand for real estate – analysts

The growing confidence in the Nigerian investment market and the wider economy will ultimately translate into increased demand for goods and services, including real estate space, analysts say. The analysts note there are already ‘green shoots’ in the macro-economic environment. They explain that factors such

Renewed confidence in investment market seen attracting FDI into real estate

Renewed investor-confidence in Nigeria’s investment market will be attracting foreign direct investment (FDI) into the country’s real estate sector, particularly in the commercial segment, a Q3 2017 report by EMC-Real Estate on market research has shown. This is expected to inject more life and create

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