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Nigerian real estate transaction down by 70 per cent

 With the storm over the recent economic downturn yet to settle, government’s unfavourable policies have continued to dampen the property market making transactions to be down to 70 per cent. The development, which began over 14 months ago. Read More

Developers, investors in risk-sharing strategies as loan facilities shrink 

As loan facilities from lending institutions shrink and demand drops following the economic downturn in Nigeria, real estate developers and investors have been compelled to embrace risk-sharing strategies to enable them remain in business, BusinessDay checks reveal. Read More

Concerns mount as rising vacancies, rent default deepen facilities managers woes

Among professionals in the facilities management industry, concerns are mounting as the slowdown in the economy takes tolls on households and organisations, leading to an increase in rent default by tenants and high vacancy rate. Read More

Lagos to build 187,000 houses annually

The Lagos State Government plans to build 187,000 housing units yearly over the next five years to address the 2.5 million housing deficit, the Commissioner for Housing, Prince Gbolahan Lawal, has said. Lawal, who stated this during a courtesy visit to the office of the Acting Deputy. Read More

Job-Link unveils Nigeria's top 100 hotels

The Chief Executive Officer, Job-Link, Ms. Mary Dinah, said at the unveiling in Lagos that the list was Nigeria’s first independent hotel rating based on international and globally accepted rules of classification set by the Hotel Stars Union. Read More

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