Solving The Real Housing Challenge: Nigeria Versus Ghana – Whose Deficit Are We Truly Solving?
It is a common assertion that Ghana faces a housing deficit of one million, necessitating a substantial increase in construction to close this gap. However, a critical question arises: Would…
ICPC to partner Institute of Mortgage Brokers and Lenders
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has announced a partnership with the Institute of Mortgage Brokers and Lenders of Nigeria (IMBLN) to address fraud in the…
Capital Market Presents Affordable Funding Option for Property Developers -DANGIWA, AIHS
Property developers in Nigeria are grappling with challenges in securing construction finance, despite the potential offered by the capital market. The collapse of a skyscraper in Ikoyi in 2022 underscored…
17 Banks at Risk of Not Meeting CBN Capital Requirement Increase
A recent report has raised concerns that 17 out of 24 banks in Nigeria might fail to meet the Central Bank of Nigeria's (CBN) capital requirement if it is increased…
Nyesom Wike Unveils Abuja’s Largest Waterpark
The Federal Capital Territory (FCT) Minister, Nyesom Wike, has inaugurated the Sunrise Waterpark in Abuja, developed by Nadeem Group, as part of efforts to boost the city's tourism sector. Wike…
I’m Not Willing to be Your Friend, It’s Not by Force —Wike Tells FCT Senator, Kingibe
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has made it clear that he is not interested in fostering any kind of friendship with Senator Ireti Kingibe, who…
NBBRI Seeks Ban On Importation Of Construction Materials
Nigerian Building and Road Research Institute (NBRRI), on Friday, called on the Federal Government to enact a legislation banning importation of construction materials into the country. Director-General of NBRRI, Prof.…
High Construction Costs Threaten Homeownership Dreams in Nigeria
The surging prices of building materials nationwide are exacerbating challenges in the housing sector, despite efforts by the federal government to enhance access to affordable housing. This situation, as highlighted…
NGO unveils 1,000 Housing scheme in Delta
A non-governmental organization, Global Center Real Estate Housing and Industrial Development, has launched an estate of 1,000 housing units in Ubulu-Okiti, Aniocha South Local Government Area of Delta State. Performing…
Housing Is in Crisis All Around the World
Not the 2007-09 US mortgage meltdown type of crisis. And not the China-style “you didn’t deliver the apartment I paid for” crisis. The crisis is one of a dire shortage…