Category Archives: Latest News

Home Mortgage

Home Mortgage is a loan given by a bank, mortgage company or other financial institution for the purchase of a primary or investment residence. In a home mortgage, the owner of the property (the borrower) transfers the title to the …

FMBN, NHIS, PenCom AND PENSIONERS

The Federal Mortgage Bank of Nigeria (FMBN), the National Health Insurance Scheme (NHIS) and the National Pension Commission (PenCom) are three major institutions that have profound influence in the way the welfare of Nigerian workers, retirees and pensioners is shaped.…

Buyer apathy threatens Abuja new estates

…developers see positive prospects, say prices to rise soon

Many new private estates in Abuja face poor patronage due to perceived high cost, a Daily Trust survey in the sector has shown.

The findings showed that the rate of sales …

Buhari `Bricks’ 50% complete

President Muhammadu Buhari `Bricks’, affordable 550 units of houses located in Zuba, Abuja currently under construction at a cost N9 billion are 50 per cent completed. The pilot project essentially entailed houses for all categories of Nigerians, Prof. Mohammed Al-Amin, …

Sukuk, others suitable for real estate funding 

A report on the real estate sector has highlighted asset-backed bonds and sukuk, among others, as suitable sources of funds for housing delivery in Nigeria.

The report, which was launched by the University of Lagos Centre for Housing and Sustainable

Asbestos In Homes Is carcinogenic – LASG Warns

Prince Gbolahan Lawal, the Commissioner for Housing in Lagos State, has called on the member of the Public to shun asbestos as ceiling in homes, saying it could cause cancer.

Lawal emphasized on the need to educate Nigerians on …

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