Chuka Uroko

Lagos

Property Editor at BusinessDay Nigeria

Property editor @businessdayng

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Articles

Mortgage bankers advocate on-lending structure for MOFI real estate fund

1 week ago | businessday.ng | Chuka Uroko

Mortgage bankers in Nigeria have advocated for an on-lending structure for the new Ministry of Finance Integrated (MOFI) Real Estate Fund (MREIF) rather than a credit line which the promoters of the fund are rooting for. The bankers, under the aegis of Mortgage Banking Association of Nigeria (MBAN), explained that the on-lending structure ensures more direct and sustainable access to financing for mortgage banks which is crucial for creating affordable housing opportunities.
What to know about real estate exemptions in FG’s Tax Reform

1 week ago | businessday.ng | Chuka Uroko

The federal government’s Tax Reform Bill, if passed into law, will give comfort to the real estate sector and players in the sector. The reform document says some aspects of real estate will be exempted from taxation. But there’s ore to that than what the promoters of the reform have explained so far.
Landlords, developers to reap big from FG’s tax reform

1 week ago | businessday.ng | Chuka Uroko

The federal government’s tax reform bill, if passed into law, will give comfort to the real estate sector and players in the sector, including landlords, developers and contractors. Beyond reducing the cost of building materials and improving access to affordable housing across the country, the reform will also help significantly in easing rent burdens on both individuals and institutions in the real estate sector.
Landlords, developers to reap big from FG’s tax reform

1 week ago | businessday.ng | Chuka Uroko

The federal government’s tax reform bill, if passed into law, will give comfort to the real estate sector and players in the sector, including landlords, developers and contractors. Beyond reducing the cost of building materials and improving access to affordable housing across the country, the reform will also help significantly in easing rent burdens on both individuals and institutions in the real estate sector.
Expert offers guides to owning second homes offshore

1 week ago | businessday.ng | Chuka Uroko

A number of Nigerians have invested in properties, especially in the residential segment, outside the shores of the country. Many of them have homes in the big real estate markets of the world, including Dubai, UK, US, and even South Africa, Kenya and Ghana. But the majority of them end up with their first homes in those countries.
Africa’s carbon markets 2025 outlook bright, to see rapid expansion-Report

1 week ago | businessday.ng | Chuka Uroko

The 2025 outlook for Africa’s carbon markets, both for voluntary and compliance carbon credits, is said to be bright, and the markets are expected to see rapid expansion in 2025 and succeeding years. This expansion is underpinned by the continent’s extensive natural resources and ecosystem. Equally important for African carbon markets is the demand for social integrity in carbon projects.
Sustainable design in focus as architects discuss smarter cities devt

1 week ago | businessday.ng | Chuka Uroko

Sustainable architectural design will be the main focus of discussion when architects and other housing sector stakeholders gather to look at how to develop smarter cities. The gathering will be at the instance of the Nigerian Institute of Architects (NIA), Lagos Chapter, and will be held tomorrow, Wednesday, May 7. It will also be looking at transformation in Architectural designs, ensuring that a smarter city and sustainable building sector is achieved.
Coastal road: Land prices jump, new investment opportunities open

1 week ago | businessday.ng | Chuka Uroko

…as construction work on Phase 1 nears completionIn a very dramatic manner, parcels of land along the 700-kilometre Lagos-Calabar coastal highway have, in the last six to 12 months, seen significant price increases, more so as construction on Phase 1 of the project is nearing completion. The first phase of the highway, measuring 47.47 kilometres, starts from Ahmadu Bello Way in Victoria Island, Lagos, and ends in Lekki around the Lekki Deep Sea Port and Dangote Refinery axis.
Investors guide to buying second homes in off-shore markets

2 weeks ago | businessday.ng | Chuka Uroko

Quite a good number of Nigerians have invested in properties, especially in the residential segment, outside the shores of the country. Many of them have homes in the big real estate markets of the world, including Dubai, UK, US, and even South Africa, Kenya and Ghana. But majority of them end up with their first homes in those countries.
FG gives traders under Iddo bridge 7 days to vacate, cites safety concerns

2 weeks ago | businessday.ng | Chuka Uroko

The Federal Government has issued a seven-day ultimatum to traders operating under the Iddo Bridge in Lagos to leave the place, citing severe safety concerns and structural deterioration of the bridge caused by their activities. David Umahi, the minister of works, gave the directive during an on-the-spot inspection of the bridge on Wednesday, warning that no relocation plans would be made for the affected traders.