Shanghai Reduces Mortgage Rate Floor to Revitalize Housing Sector
Shanghai, China's financial hub, has lowered downpayment ratios and the mortgage rate floor for first-time homebuyers, marking a significant step among the country's largest cities to stimulate the struggling housing…
Trending News: Top 10 stories this Morning
Good Morning. Here’s a recap of top trending news stories this morning. 1. Minister of Housing and Urban Development, Architect Ahmed Dangiwa, has laid the foundation for 250 housing units…
Affordable Housing: Ekiti State Government Forges Strategic Partnership with FMBN
The Federal Mortgage Bank of Nigeria (FMBN) in a bid to leverage on strategic partnerships for affordable housing , is set to collaborate with the Ekiti State Government to realize…
IFC Loans $250 Million to FirstRand for Sustainable Housing
The World Bank’s private investment arm, the International Finance Corporation (IFC), has announced a $250 million loan to South African lender FirstRand Ltd. aimed at boosting loans for green buildings.…
Banex Shopping Complex to Reopen Soon as Military Withdraws
Banex Shopping Complex is set to reopen after the withdrawal of military personnel, who had previously shut down the two-building complex. Reports gathered on Monday confirm the end of the…
Federal Government Suspends Controversial Air Nigeria Airline Project Indefinitely
The Federal Government has announced the indefinite suspension of the Air Nigeria Airline project. This disclosure was made by the Minister of Aviation and Aerospace, Festus Keyamo, during a ministerial…
Bilateral Power Consumers Owe Nigeria N7.61 Billion in Unpaid Electricity Bills
International consumers failed to remit approximately $51.26 million to Nigeria for electricity exported in 2023, according to the latest industry data released by the Federal Government. The data also revealed…
China’s Middle-Class Families Cautious About Property Investments Amid Real Estate Uncertainty
Chinese leader Xi Jinping's aggressive push for multi-storied housing projects has thrown the country's once booming real estate sector into turmoil. A recent study reveals that China's middle-class families remain…
NIESV Lagos Reports 300% Increase in Housing Costs Over Eight Years
The Nigerian Institution of Estate Surveyors and Valuers (NIESV), Lagos State Branch, has revealed that the cost of housing has skyrocketed by 300% over the past eight years. This announcement…
Lagos-Calabar Coastal Highway Project Launched, Aims to Benefit 30 Million Nigerians
President Bola Tinubu has officially launched the Lagos-Calabar Coastal Highway, a landmark project aimed at improving access to production and marketing centers for 30 million Nigerians. The announcement was made…