Bad loans push Shelter Afrique to $2.16m loss
Troubled mortgage lender Shelter Afrique has reported a $2.16 million net loss for the six months ended June, compared to a net profit of $1.65 in the same period a year ago on the back of increased provisions for bad loans.
Rivers partners developer in 3,000-unit estate
On his part, the Chief Executive Officer of Sammya Nigeria Limited, Mr. Sammy Adigun, said their priority is to deliver quality job on schedule, while he promised to mobilize to site within the next three weeks.
Experts back cooperative model for housing financing
They spoke at the Lagos Development Envison Lab (LAGDEL) hosted by the Arctic Infrastructure and the Heinrich Boll Stiftung Nigeria in which young professionals in the built environment and youth from different low-income communities in Lagos were pre selected.
Controversy trails plan to sell Nasarawa property in three states
The party further alleged that attempt by Governor Almakura and his commissioner of Finance Ayuba Dogara to liquidate the Nasarawa Investment and Property Development Limited is not in accordance with the company and allied matter act.
Mortgage industry’s low profitability level discourages investors
The Federal Mortgage Bank of Nigeria (FMBN) is the custodian of NHF while Primary Mortgage Banks (PMBs) are the conduits through which the funds are disbursed to individual beneficiaries.
Group, experts chart path for low-income housing
Programme Manager of Heinrich Boell Stiftun, Mrs. Monika Umunna, stressed that housing is one of the biggest issues all over the world, which has led to middle income earners and low-income earners having a big challenge of...
NatanelFlorens plans 250,000-unit rent-to-own houses
Executive Director, Funds and Investment, NatanelFlorens, Mr. Oguche Agudah, said in Lagos that the initiative was a free advisory campaign to aid investment and investors in the entire value chain of the property market.
Group targets four states in new housing index
The Foundation has successfully published “The State of the Lagos Housing Market – 2009 and 2016 editions”; and also “The State of Abuja Housing Market Report– 2017 edition”.