NIOB Urges Use of Alternative Construction Methods to Combat Inflation in Housing
Amidst rising inflation in Nigeria, the Nigerian Institute of Building (NIOB) has called for the adoption of alternative construction materials and methods, challenging the conventional approach to housing development, particularly…
Osidi Unveils 7-Point Agenda to Revolutionize Bank’s Efficiency and Service Delivery
The Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Shehu Usman Osidi, has unveiled a comprehensive 7-point agenda to revolutionize the bank’s operational efficiency and customer service delivery.…
NMRC Reaffirms Commitment to Deliver Housing Data for Strategic Decision-Making
The Nigeria Mortgage Refinance Company has restated its commitment to providing interim housing data to aid decision-making, aimed at addressing the country’s housing deficit. The Chief Executive Officer of NMRC,…
Ondo State Launches Water Channelization Project to Serve 500,000 Households
The Ondo State government has embarked on an ambitious water construction and channelization initiative aimed at providing clean water to 500,000 households, benefiting approximately two million people across the state.…
NITP President Advocates Physical Planning Adoption in Government and Private Sector Operations
The National President of the Nigerian Institute of Town Planners (NITP), Nathaniel Atebije, has called on both government departments and the private sector to incorporate physical planning into their operational…
Nigeria Needs $24 Billion to Revive 100,000 Abandoned Buildings
A staggering N18 trillion ($24 billion) is required to revive the over 100,000 abandoned buildings across Nigeria, according to a report by Digital Experience Technology Limited. The report, titled “Reviving…
Nigerian Construction Sector Projected to Reach $45 Billion by 2028—ABIQ Report
The Nigerian construction sector is projected to grow to $45 billion by 2028, according to the latest quarterly report from African Business Intelligence (ABIQ). The report estimates that the sector…
Fire Engulfs Two-Storey Building in Ebute-Metta, Lagos
On Sunday, a fire broke out at a two-storey building located at 14 Oko Baba Street, off Ibadan Street, in the Ebute-Metta area of Lagos State, causing significant property damage.…
Understanding Nigeria’s unattractive mortgage system with double digits interest rate
Nigeria’s unattractive mortgage system has been a key theme in its residential market for decades. With a housing deficit running into tens of millions, homeownership rate at over 25%, and…
Sacked CBN Staff Sue Apex Bank Over Unpaid Entitlements and Damages
Over 100 sacked Central Bank of Nigeria (CBN) employees have filed lawsuits against the apex bank at the National Industrial Court (NIC), seeking compensation and general damages following their recent…
