Category Archives: Housing Finance

Bitcoin is booming in Miami. But can you buy a house with it?

They gathered in downtown Miami — an estimated 4,350 Bitcoin believers — to trade pitches for apps and start-ups. They discussed and debated trends in cryptocurrency. They speculated about the volatility of Bitcoin, which shot up in value from $900 to $19,000 over the course

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

MBAN, operators plan non-interest mortgages, lobby for intervention fund

Gearing up for a veritable funding source for the sub-sector, mortgage operators have moved to explore the suitability, applicability and the possibility of adopting the non-interest mortgages to unlock the potentials of the Sukuk model. The operators, under the aegis of the Mortgage Banking Association

Realtors, expert urge FG to create infrastructure fund

After an initial effort by Buhari administration that eventually turned out to be a ‘false start’, a fresh call has been made for the creation of an infrastructure fund, which will lead to significant private sector investments and economic growth. Figures obtained show that Nigeria

23,000 civil servants jostle for government’s staff housing scheme

No fewer than 23,000 applications have been received from civil servants and being processed through the Federal housing Loans Board under the Federal Integrated Staff Housing Scheme (FISH). Similarly, more than 20 developers have been selected and their 1,500 housing units of two, three and

TOWN PLANNERS IN THE PLANNING AND DEVELOPMENT OF ABUJA

Abuja’s design was by an international planning consortium, but the planning aspect of its implementation is wholly by Nigerian professionals. This is enough testimony that planning in Nigeria has come of age. The success story in the development of Abuja will never be complete without

Landlords feel the pinch as Nigeria’s economic slump deepens

There is still no respite for property owners in Nigeria. The sluggish economic growth for the last few months does not bode well for rental market. The West African largest economy, slipped into recession, with the latest growth figures showing the economy contracted 2.06% between

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

Investment in mortgage will help reduce housing deficit – Ayere

Sonnie Ayere is the Founder of Dunn Loren Merrifield, an investment firm, and Chairman of Mortgage Warehouse Funding Limited. In this interview with MAUREEN IHUA-MADUENYI, he says stakeholders are doing everything possible to open up the mortgage market  Why do you think Nigerians still buy

Abia Governor stresses need for good urban planning

Governor Okezie Ikpeazu of Abia State has harped on the need for good urban planning and responsible implementation of such plans, if city residents intend to enjoy the benefits of metropolitan dwelling. Ikpeazu, who stated this during a three-day interactive workshop of the United Nations

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