NMRC, developers laud Nigeria’s House Price Index

The Nigerian Mortgage Refinance Company (NMRC) and developers of Lekki Gardens have thrown their weight behind the takeoff of Roland Igbinoba House Price Index (RI), the first in the country. Executive Director of NMRC, Mr.Kehinde Ogundimu, who represented his managing director, gave insight into the usefulness of a house price index in Lagos. He pointed out that absence of useful data had been a major challenge to government, home seekers and investors in the drive to make decision about housing market. He lauded President of Pison Housing Company, Mr Roland…

Read More

Peter Elumelu steps out

Former Managing Director of United Bank of Africa, UBA, who is the chairman of Heirs Holding, Tony Elumelu, without doubt is the most popular of Elumelu siblings in Elumelu family from Delta State. In actual fact, the rest of Tony’s siblings are equally doing very well in their various endeavours. Tony’s elder brother, Peter, a successful businessman, is the Chairman and CEO of Pet Jibson. Unlike his younger brother, the business man cum politician is rarely sighted at public places and some may have taken that as being less influential….

Read More

Nigerian player, Musa, wife ‘mutually part ways

How family members failed to save marriage   More revelations have emerged on the divorce scandal that has rocked Super Eagles striker Ahmed Musa as family sources revealed that the Leicester City forward and his estranged wife, Jamila, mutually parted ways following irreconciliable differences. Reports suggested the idea of divorce was entirely that of the Nigerian international but a close friend of the player reliably told our correspondent that it was a decision reached by the two parties after efforts to reconcile them utterly failed. The source confirmed that Musa’s…

Read More

Eko DISCO to recover N1.3bn debts for March billing

The management of Eko Electricity Distribution Company Plc (EKEDCP) yesterday said that over N1.33 billion was yet to be collected from customers for their bills in March. Its Chief Executive Officer, Mr. Oladele Amoda, disclosed this during a stakeholders’ consultative forum with Lekki customers in Lagos, organised to rub minds on how to address payment of electricity bills. NAN reports that the forum is tagged “prompt payment of electricity bills to enhance effective power supply.” Amoda, who was represented by the company’s Chief Operating Officer, Mr. Sam Nwaire, said the…

Read More

House prices fall 28% in Lagos, 58% in Abuja

House prices have continued to nosedive in some locations in Lagos and Abuja despite efforts to revamp the economy by the Federal Government. According to findings by New Telegraph, house prices in Agege, Ajah, Ibeju-Lekki in Lagos have fallen by 8.6 per cent, 28.6 per cent and nine per cent respectively due to low purchasing power of home seekers and general recession in the economy. Also, five-bedroom houses in Jabi, Abuja, have nose-dived by 58 per cent in first quarter of 2017. Besides, rental values in these locations also fell…

Read More

Surveyors review guidelines, raise survey fee by 300%

Nigerian Institution of Surveyors (NIS), Lagos State branch, has announced a 300 per cent increase in the cost of land survey, New Telegraph has learnt. The new fee, according to a newly-reviewed guideline released by the group, cut across different zones of the state. Survey plan for a plot of land in Lagos Island, Eti- Osa, and Ikeja, which was formerly N300,000 now costs N1 million. Also, Somolu, Alimoso, Mushin, Agege, Ibeju Lekki, Kosofe, Lagos Mainland, Amuwo Odofin Local Government, which the fee was formerly fixed at N180,000 now goes…

Read More

‘Five abducted telecoms workers’ whereabouts unknown’

Whereabouts of the five telecoms workers kidnapped by suspected militants at Ibeju-Lekki on Tuesday were still unknown yesterday. Sources from the affected telecoms companies told our correspondent that the militants, who killed two mobile policemen and a civilian at Oko-Asagun village in Ibeju-Lekki area of Lagos, also kidnapped two members of staff of Tydacomm Limited and three employees of Ericsson, who were on site to carry out routine telecoms tower maintenance. Oko-Asagun community is before Ode-Omi which shares border with Ogun State. The tower, jointly built by the two companies,…

Read More