Real Estate

Stakeholders are looking for government interest in real estate.

Stakeholders in the building industry have called on the government to provide incentives to players within the ecosystem as a way of boosting wealth creation and economic prosperity. They disclosed this at the Nigerian British Chamber of Commerce and the International Real Estate Federation Real Estate Outlook 2023 themed “Pitching Your Tent Post-2023 Elections” in Lagos. In a statement, the…
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BankingReal Estate

Aid groups lift cash limits for mortgage lenders.

The Housing Development Advocacy Network has appealed to the Central Bank of Nigeria to give waivers to mortgage banks in the cash withdrawal limit policy. The report titled “How CBN is underdeveloping the Nigerian mortgage sector” noted that appeals made to the CBN for…
Real Estate

Operators project over 60% rise in housing deficit.

Experts in Nigeria’s built industry have predicted an over 60 per cent rise in the housing deficit by 2050, on the back of rising population and urbanisation worsened by economic conditions. The Treasurer of the Nigerian Institute of Building, Lagos Chapter, Philips Ayotunde, projected that the housing deficit would increase by over 60 per cent because the growing population would double by…
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BankingStartups

Fintech for Women: HerVest increases its services to promote greater financial inclusion among all types of women.

In furtherance of its commitment to bridge the $42bn gender finance gap in Africa, HerVest, a fintech dedicated to providing financial inclusion for women through a Gender Lens Investment (GLI) approach, has launched its revamped digital app to deepen access to financial growth services for underserved and excluded African women through target savings, impact investing and credit…
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Automobile

Honda releases Unicorn motorcycle.

Honda Manufacturing (Nigeria) Limited says the company recently launched a new motorcycle, Honda CB Unicorn, into the Nigerian market to raise the bar of performance in the subsector. The Managing Director of Honda Nigeria Limited, Hirohide Ichikawa, who made the disclosure, during his keynote address, describe the new product as “very reliable for commercial and private use”. He added that…
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