Almost seven years after the Economic and Financial Crimes Commission (EFCC) handed over the N2.8billion Chelsea Hotel to the government of Bayelsa State, the hitherto money-spinning edifice is rotting away in Abuja. The hotel was seized from the state’s first civilian governor, the late Diepreye Alamieyeseigha. A Federal High ...
South Africa’s Hotel and gaming group, Sun International Limited has announced that it will packing its bags exiting Nigeria, amid a number of factors. The company’s earnings in Nigeria has plunged to an all-time low amid a weakening economy and a dispute involving the company’s local partners. In January ...
The transformation and renewal of a troubled edifice that was once a national pride by UACN Property Development Company (UPDC) Plc has not only created a destination for residence, tourism and investment, but also developed a node that provides employment opportunities for thousands of people and reshapes the socio-economic ...
With decline in oil prices remaining the biggest concern for the Nigerian economy, a new report says the outlook for the industrial property market, like its office and retail counterparts, has turned negative, and rents likely to slip over the next six months. The report by Cluttons Nigeria named ...