Mortgage

West Africa’s Lack of Infrastructure Drives Demand for Property Mixed-Use Developments

By Nse Anthony-Uko (Sundiata Finance) — In some parts of West Africa, particularly Nigeria and Ghana, the lack of infrastructure is a huge driver of demand for mixed-use developments. The last few years have seen an increase in interest in mixed-use development schemes which comprise some or all of retail, residential, offices as well as hotel and conference facilities. These ...

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Nigeria’s Rising Population Puts Pressure On Housing Supply – Emefiele

By Nse Anthony-Uko (Sundiata Post) – With Nigeria’s population of around 190 million growing at 2.44 per cent annually, the governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has said the rising population of the country amongst other factors is putting more pressure on the housing challenge. Emefiele while delivering keynote address at a workshop for judicial officers ...

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Adron Tackles Housing Deficit With 5,000 Units

By Nse Anthony-Uko (Sundiata Finance) – As the nation strategizes on how to bridge its housing deficit said to be over 17 million, Adron Homes and Properties Limited , a leading Real Estate developer said it is set to deliver about 5,000 varied luxury apartments in different parts of the country to home owners desirous of having a roof over ...

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Retailers’ Interest In Jabi Lake Mall Rising As Macro-Economy Improves

(Sundiata Post) – Over the last two quarters of this year, there has been a significant improvement in the macro-economic situation in Nigeria and, as a result, international and local retailers’ interest in retail malls, including Jabi Lake Mall in Abuja, has been rising. Until the second quarter of 2017, the real estate sector in Nigeria, especially the retail segment, ...

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CBN, MBAN Assure Of Easier Mortgage Financing With ‘My Own Home’

By Nse Anthony-Uko As part of efforts to create easy access to home ownership in the country, the Central Bank of Nigeria, (CBN), the Nigeria Mortgage Refinancing Company (NMRC), Mortgage Bank Association of Nigeria (MBAN) have taken its home ownership campaign to the door steps of Lagos residents. Speaking at the Lagos Town Storm ceremony to Introduce, “My Own Home” ...

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Property Market Adjusts Slowly As Economy Recovers

Slowly but steadily, the Nigerian property market is adjusting towards a positive trend as the economy of the country enters recovery territory, leading to increased activity in the real estate sector generally. The economy has, since the beginning of the second quarter of this year, been picking up. There has been a relative stability in the foreign exchange market, which ...

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NMRC Releases N13bn Mortgage Refinancing Loan To Housing Board

By Nse Anthony-Uko ABUJA, (Sundiata Finance) – The federal government Monday signed an agreement with Nigeria Mortgage Refinancing Company (NMRC) for the disbursement of N13 billion mortgage refinancing loans to public workers. This is in fulfillment of government’s desire to deliver decent and affordable houses for civil servants in the country, The agreement allows the NMRC to refinance the 5,635 ...

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