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Mortgage Finance

8 Feb 2016
CASH-STRAPPED Primary Mortgage Banks (PMBs) – hard pressed to provide long-term funds for prospective homeowners, have turned to the Central Bank of Nigeria (CBN) for facility with which to jump-start their operations. Citing unfavourable business environment, the Chief Executive Officers (CEOs) of mortgage banks in Nigeria under the auspices of Mortgage Banking Association of Nigeria…
8 Feb 2016
FOR claiming to have illegally acquired their land measuring 7.5 hectares, the Adugotu Family of Opolo, Yenagoa, has sued the Bayelsa State Government, seeking a repossession of its landed property. The disputed land, valued at over N1 billion at current rate, is situated in a choice area of the state capital at the junction of…
8 Feb 2016
IN a bid to reduce housing deficit and provide affordable housing for the average Nigerian homeowner, Lafarge has launched the first phase of the new Makun city in Sagamu interchange. The houses which are a three bedroom bungalow of ten units were built in partnership with the Ogun State Property Investment Corporation (OPIC) and commissioned…
8 Feb 2016
BETTER days may be in the offing for prospective homeowners if the developments last week in the housing industry are anything to go by. Lagos authorities plan to review its projects in two locations to boost homeownership in the state. The state government is also planning to reduce housing deficit in Lagos, as a study…
8 Feb 2016
AS controversy continues to surround the rightful owners and management of the biggest manufacturing company of aluminium in Nigeria, otherwise known as Aluminium Smelter Company of Nigeria (ALSCON), a firm, Dayson Holdings Limited, has approached a Federal High Court, seeking for protection of its investment in the company. Dayson Holdings Limited and ALSCON, being the…
1 Feb 2016
FOLLOWING the slight  lull in the activities  in the housing industry and the onset of  fall in oil prices, which is apparently blowing over, experts  have called on  professionals to jettison competition for few significant development  in the sector this year, but rather synergise with each other in projects.   They also agreed that the…
1 Feb 2016
STIRRED by the need to improve its prospects for sustained growth and development, members Nigerian Institution of Surveyors (NIS), Lagos Branch have advocated for effective  professionals’ involvement in policy formulation and execution.    They spoke at the 11th Annual Adekunle Kukoyi Memorial Lecture, last week organised by the institution that attracted stakeholders including members of the…
1 Feb 2016
IN the wake of Lassa fever outbreaks, the Pest Control Association of Nigeria (PECAN) has called on Nigerians to be very cautious on using rodenticides (rat poisons) as the only rodents control measure in their buildings and vicinity. The group alleges that some Nigerians may have rushed to procure rodenticides, which are brazenly displayed on…
1 Feb 2016
ON the heels of the historic international climate agreement in Paris, more than 500 global investors gathered last week at the United Nations to begin mobilizing the trillions of dollars needed to catalyze the global clean energy transition. Speaking just days after scientists confirmed that 2015 was the hottest year on record, UN Secretary-General Ban…

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US Actor James Michael Tyler popularly known for his role in the sitcom Friends has passed away at age 59.  His manager Toni Benson in a statement to TMZ confirming his death revealed that the actor had died of prostate cancer in his home. Tyler had been diagnosed in September 2018 and, after his diagnosis, shared…
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A pair of sneakers worn by NBA superstar Michael Jordan early in his career sold for nearly $1.5 million on Sunday, setting a record price at auction for game-worn footwear, Sotheby's said.
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Poland's prime minister accused the EU of putting a "gun to our head" by demanding his country reverse judicial reforms while threatening sanctions, in an interview published in the Financial Times Monday.
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Armed forces detained Sudan's prime minister over his refusal to support their "coup" on Monday, the information ministry said, after weeks of tensions between the military and civilian figures sharing power since the ouster of autocrat Omar al-Bashir.
1 hour ago
The biggest worry perhaps for Barcelona at the end of another Clasico defeat at Camp Nou on Sunday was that Real Madrid hardly even celebrated.