Dangiwa Decries Land Titling Gap as Sanwo-Olu Launches ‘Identifier’ Project to Transform Property Mapping
Ninety-seven per cent of Nigerian land has no formal title. This makes it difficult to use as collateral for loans. Minister of Housing and Urban Development, Ahmed Dangiwa, disclosed this…
FCMB partners MOFI on home ownership
First City Monument Bank (FCMB) has partnered with the Ministry of Finance Real Estate Investment Fund (MREIF) to boost homeownership in Nigeria. The ₦10 billion scheme offers mortgage loans up…
Shelter Afrique to Pay Over US$1.1m After Court Rules in Favour of Blue Rose in Loan Dispute
The Commercial Division of the Accra High Court has ordered pan-African housing financier Shelter Afrique to pay more than US$1.1 million in damages to Ghanaian developer Blue Rose Limited, after…
NITP Sets Up Presidential Committee to Push for Full Implementation of Urban Planning Law
The Nigerian Institute of Town Planners (NITP) has intensified its push for sustainable and orderly urban growth by inaugurating a Presidential Committee to liaise with the National Assembly for the…
Cement Giants Reel as Production Costs Hit ₦1.36 Trillion
Nigeria’s cement industry is grappling with a steep escalation in operating costs, as combined production expenses for its three largest players surged to ₦1.36 trillion in the first half of…
Abuja Traders Lament Soaring Rents, Poor Market Conditions
Merchants at the Zone 3 Neighbourhood Centre in the Federal Capital Territory have voiced deep frustration over what they describe as worsening business conditions, marked by dilapidated infrastructure, inadequate amenities,…
FG Slashes Mortgage Down Payment to 10% to Boost Affordable Homeownership
The Federal Government has introduced new measures aimed at making homeownership more attainable for Nigerians, with the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF) announcing a reduction of…
FG, Lagos Partner to Drive National Land Titling and Registration Reforms
The Federal Ministry of Housing and Urban Development has teamed up with the Lagos State Government to advance the National Land Titling, Registration, and Documentation Programme (NLTRDP) through a high-level…
ARCON Launches Summer Skills Camp to Groom Nigeria’s Future Builders
The Architects Registration Council of Nigeria (ARCON) has kicked off its summer skills acquisition camp in Abuja, offering secondary school students practical training in masonry, plumbing, tiling, painting, and interior…
Abia Government Pulls Down Unauthorized Structures at Former Umuahia Market
The Abia State Government has begun the demolition of buildings erected without approval at the former Umuahia market, popularly known as Ogwumabiri, as part of its plan to transform the…