Rivers Firm Constructs Mega Mall on Controversial Abuja Plot
Hyper City Retail Limited, a Port Harcourt-based supermarket chain, is building a shopping mall on a prime plot in Utako, Abuja. The site was once reserved for a memorial to…
Lagos Assembly Proposes New Tenancy Law
The Lagos State House of Assembly is set to introduce a new tenancy law. The bill aims to regulate the relationship between landlords and tenants. It will replace the Tenancy…
Court Halts Ogun Governor from Demolishing Gbenga Daniel’s Properties
An Ogun State High Court has issued an interim order restraining Governor Dapo Abiodun and state officials from demolishing or interfering with properties belonging to former governor Gbenga Daniel, including…
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…