By Agbonkhese Oboh To foster social impact in line with the new National Housing Fund (Establishment) Act 2018, First Home Mortgage, FMB, and Brokers have partnered with Wiretooth Technologies Ltd. on an app, Firsthome.ng, to automate mortgage pre-application process and also support applicants toward timely assessment of mortgage funds. In a statement by FMB’s Managing […]

By Kingsley Adegboye The end may have come for fraudsters in Lagos state who hide under the pretence of being estate agents thereby defrauding unsuspecting members of the public who are in dire need of residential accommodation. This is because Lagos state government has renewed its efforts to nip in the bud, the notorious activities […]

The Nigerian Institute of Building NIOB, has called for urgent investigation and prosecution of those involved in the recent Owerri building collapse that caused the wanton destruction of property and loss of lives, in order to deter quackery and negligence on building sites in Nigeria.

The COVID – 19 Pandemic and its attendant consequences couldn’t stop the International Facility Management Association IFMAN, Nigeria chapter from celebrating this year’s World Facility Management Day, as the Association rolled out the drums to celebrate the Day with the theme “Celebrating Our Environment” by virtual meeting.

… Says sector grossly underfunded By Emmanuel Elebeke The neglect of the Nigerian housing sector since independence has led to an acute shortage of houses for desiring citizens. But the sector, if properly funded in the way of Singapore, Hongkong, Dubai, has the capacity to take the country to its destination. This was the position […]

By Olasunkanmi Akoni Barely 48 hours after a similar incident occurred, men of the Lagos State Emergency Management Agency, LASEMA, on Sunday, prevented what could have resulted in a building collapse of a three-storey building when they evacuated an unspecified number of residents from a defective building in Lagos Island. Recall that LASEMA had earlier […]

By Olasunkanmi Akoni Following the sharp rise in the confirmed cases of COVID-19, Lagos State Government, through the Lagos State Ministry of Physical Planning and Urban Development has released additional guidelines. The guideline was intended to curtail the possibility of continuous spread of the virus on all building construction sites in the state. Commissioner for […]

By Kingsley Adegboye As Nigeria commenced a phased return to work on Monday, May 4, the importance of the provision of safe water supply, sanitation and hygiene practices as the long-term solution to the COVID-19 pandemic has been stressed. In an advocacy brief prepared by an urban planner, Mr Timeyin Uwejamomere, the nation was told […]

By Kingsley Adegboye The joint interim report of the Architects’ Registration Council of Nigeria, ARCON, and the Nigerian Institute of Architects, NIA, on the 8-storey hotel building that that collapsed in Imo, has indicted the developer and contractor handling the multi-billion Naira project. The building, which was under construction along Musa Yar’Adua Drive, Owerri, Imo […]

The mortgage and housing sector needs palliatives, following the global economic challenges caused by the COVID-19 pandemic. This is the position of mortgage and finance expert, Akintayo Oloko, who said mentioned palliatives and support in the form of intervention funds and reduced transaction costs. Recall that with the pandemic’s effect on nations, businesses and personal […]

By Kingsley Adegboye with Agency report Uncertainty is not good for development. The tide of speculations surrounding possible ill effects of the Covid19 spread is delaying investment decisions across the globe. According to a report by Colliers Research, the decisions over commercial real estate acquisition are expected to be delayed due to Coronavirus scare, especially […]

To cushion the effect of COVID 19 lockdown across the country, Pertinence Group, a real estate firm with penchant for people empowerment, has declared three months free rent for all her tenants nationwide. The rent relief, according to the General Manager, Mr. Jeffrey Ehikioya, in a statement, will cost Pertinence over N2 million. Ehikioya explained […]

By Kingsley Adegboye As the effects of COVID-19 are felt around the world, real estate business in Nigeria is certainly having its share of the consequences, and this is raising a major concern for operators as to how to remain in business in the face of the current lockdown. Reacting to the effects of COVID […]

By Chris Ochayi The management of the Federal Mortgage Bank of Nigeria, FMBN, has reiterated it’s commitment to facilitate the provision of decent and affordable housing to workers across the nation. Managing Director and Chief Executive of the apex mortgage bank, Ahmed Musa Dangiwa, an architect, said the government would give priority to issues affecting […]

…Says it will trigger rapid affordable housing delivery By Chris Ochayi Real Estate Developers’ Association of Nigeria REDAN, key players in the real estate sector of the nation’s economy, have called on the Federal Government to recapitalize the Federal Mortgage Bank of Nigeria FMBN, to the tune of N1trillion to enable the apex mortgage bank […]