The average interest rate on the most popular U.S. home loan has dropped to its lowest level in over a year, following softer inflation data that reinforced expectations of another Federal Reserve rate cut. According to the Mortgage Bankers Association (MBA), the rate on a 30-year fixed mortgage fell by seven basis points to 6.30% …
Across Nigeria’s capital city, the dream of living close to work is fast slipping away. The recent spike in house rents across Abuja has triggered an exodus of residents from central districts to far-flung areas, as landlords adjust their prices in response to inflation, rising building costs and, in some cases, sheer greed. For many, …
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has approved fresh Statutory Rights of Occupancy (R-of-O) and Certificates of Occupancy (C-of-O) for 374 property owners across 15 streets in Abuja. The decision came after investigations by the Federal Capital Territory Administration (FCTA) revealed widespread abuse of land allocations. Officials discovered that many property …
