Skip to main content

Sambo, others to discuss mortgage financing in Nigeria


Vice-President Namadi Sambo

 
Effective implementation of real estate investment and mortgage financing will form the basis of discussion at a conference to be declared open by the Vice President Namadi Sambo in July.


According to a statement by the convener of the conference, Mr. Seun Jegede, the aim is to create awareness and investment opportunities for real estate and mortgage finance companies and organisations in Nigeria and the United Kingdom.

He added that the conference, which is an initiative of Global Homes Magazine, UK, and Housing Circuit Magazine, Nigeria, would also empower investors to gain expert insight into new market trends in the real estate sector in  both countries, and share practical experience regarding global trends in real estate and mortgage financing.

Jegede, who is publisher of Housing Circuit Magazine, Nigeria, added that the conference would also provide the platform for various stakeholders to network and build new business partnerships as well as attract local and foreign direct investment into the housing sector.

He said, “The conference will also provide a niche networking platform for participants who have been carefully selected based on their strategic and leadership positions in their respective areas of business. Organisations will have the unique opportunity of engaging with key players in strategic areas of the economy on a one-to-one fact finding discussion, and explore various investment opportunities that may be mutually beneficial.

“We are liaising with the UK Trade and Investment, Business Council for Africa, Central Association of Nigerians in the UK, NIDO, Nigeria High Commission, UK and other relevant stakeholders in the UK to use their platforms to bring to the conference carefully selected UK investors in various spheres of the economy, who are keen about investing in Nigeria.

By Agency Reporter
Labels:

Comments

Post a Comment

Popular posts from this blog

SURVEY OF PRICES OF PROPERTIES ON THE ISLAND

Sales price Rental per annum Lekki Phase 1  3 Bedroom flat N45m – N50m N2.5m – N3m 4 Bedroom wing of duplex  N70m – N80m   N3m – N4m Agungi 4 Bedroom detached house N45m – N50m N2.5m 3 Bedroom flat N40m      N1.5m – N1.8m Chevy view 4 Bedroom terrace house N42m N2.5m 3 Bedroom flats  N35m        N1.6m Crown Estate 4 Bedroom detached house  N30m – N40m  N1.5m – N2m Thomas Estate, Ajah 3 Bedroom flat N25m   N750k – N800k Abraham Adesanya 3 Bedroom bungalow  N12m – N14m N700k – N1m 2 Bedroom bungalow N11m – N12m  ...
2 comments
Read more

Quick fixes for quick profits in real estate

It has been said several times that ‘ideas rule the world’ and this holds true in real estate investing as well. We want to examine a time-tested idea that guarantees quick turnaround time and good returns on investment in most real estate markets. We’ll be examining guidelines for making a good return in rehabilitating and selling properties. First, you need to find a property that is in need of repairs or renovation but is located in a good area. 
Post a Comment
Read more

Nigeria Central Bank’s decision on CRR to have ‘shock effect’ on money market – Rewane

The MPC increased the already controversial Cash Reserve Ratio on public sector deposits from 50 to 75 per cent The decision by Nigeria’s Monetary Policy Committee, MPC, to increase the already controversial Cash Reserve Ratio, CRR, on public sector deposits from 50 to 75 per cent would in the short term, have a shocking effect on the nation’s money markets, Bismarck Rewane, a finance analyst and Managing Director, Financial Derivatives Company, has said. “The impact of this decision on money markets will be a shock effect in the short run and a re-turn to equilibrium rates within six weeks”, Mr Rewane said in a report analysing the MPC’s decision. He said the first time the MPC increased the CRR (the percentage of funds banks have to keep with the Central Bank) on public sector deposits in August 2013, an estimate of N1trn or 6.84 per cent of Money Supply (M2) was debited. “At that time, the impact was a spike in interbank rates of approximately 800 basis points (bps...
Post a Comment
Read more