Affordable housing – Crown realities Plc unveils 81 units housing estate in Abuja

Chinese real estate giant Evergrande, saddled with around $300 billion in debt, has been struggling to meet interest payments on its loans. If it collapses, some of its partner firms could be driven to bankruptcy, prospective homebuyers could lose deposits and some banks would lend less money, which would lead to a credit crunch in the world's second-biggest economy. Property developers in China have in fact created an oversupply: there is enough empty property in the country to house more than 90 million people. FRANCE 24's team reports.

Since September, the name Evergrande has caused panic on stock exchanges around the world. Paralysed by $300 billion in debt (€260 billion), or the equivalent of 2 percent of Chinese GDP, the country's second-largest real estate developer is now threatening Chinese growth. Evergrande has more than 1,300 construction projects across China, as well as financial products, electric cars, livestock, bottled water and even a football club.

China will have 6.5 million more affordable rental housing units during the 14th Five-Year Plan period (2021-2025), an official of the Ministry of Housing and Urban-Rural Development said on Tuesday.

There are major factors involved when it comes to where to reside in Nigeria. From employment opportunities, cost of living, transportation, and a host of others. The two top cities that come to mind are Lagos and Abuja. GuardianTV went on to the street of Lagos and Abuja to ask Nigerian's to chose a N400,000 job in Lagos or a N300,000 job in Abuja?

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On the 23rd of January, President Muhammadu Buhari unveiled the rice pyramid in Abuja. The unveling came with a lot of criticisms with industry players saying that the pyramid doesn’t match up with the present reality. Weeks after the showcase, the rice pyramids are now disappearing.⁣ ⁣

Delaying players and officials of your country’s national women’s football team for over three hours at the airport after a two-hour flight from Abidjan, following a hard-fought 1-0 win against their Cote d’Ivoire counterparts, on the pretext of conducting Covid-19 tests, is not how to welcome heroes back home.

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FBI agents raided the former president's Florida estate earlier this week. According to court filings, they found a cache of classified documents.

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