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Group Blames Rise In Rent On Land Prices, Foreign Exchange Rate

The Chairman of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Adebanjo Adeleke, has blamed soaring rents in the country on rising land and...

CBN Raises Interest Rate to 15.5%

In a bid to arrest the rising inflation, the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), which measures interest...

Forex Crisis: First Bank Suspends Use Of Naira Card For International Transactions

Due to the increasing scarcity of foreign exchange in Nigeria, First Bank of Nigeria has suspended the usage of the Naira Mastercard, Naira Credit Card,...
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Define Housing Affordability In Terms Of People, Not Buildings -Expert Tasks Govt

The government has been tasked on the need to define the housing affordability problem in the country in terms of people, not buildings. According to...

Shelter Afrique Approves $19.5m For Affordable Housing Projects in Nigeria

Pan-African housing development financier, Shelter Afrique has extended $19.5 million (₦8 billion) line of credit to Lagos-based real estate firm, Mixta Real Estate Plc. The...

Kwara Govt Floats Affordable Housing Scheme For Teachers

Kwara State State government has announced plans to float a housing scheme for teachers of basic and secondary education in the state. The Kwara state...

FEC Approves N28.4bn For Development Of Wasa Affordable Housing District In FCT

The Federal Executive Council (FEC) has approved a N28.4 billion augmentation in the contract for engineering infrastructure development in the Wasa Affordable Housing District...

Remembering Affordable Housing Icon, Frank L. Sullivan

When writing a remembrance, it’s very easy to fall back on clichés: “A giant of the industry” or “an inspiration to us all” or...

Ikoyi Building Collapse: 15 Subscribers Sue Lagos State

In response to the November 2021 collapse of a high-rise at 44BCD, Gerrard Road, Ikoyi, fifteen subscribers have filed a lawsuit against the Lagos...

Construction Contracting Demand Soars In First Half Of 2022

The construction and real estate sectors have emerged stronger after five years of economic turmoil. This was revealed in a Data released by the...