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Exchange Rate: Nigerians In Diaspora At Vantage Position To Invest In Real Estate Now – Realtor Adeyemo

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Exchange Rate: Nigerians In Diaspora At Vantage Position To Invest In Real Estate Now - Realtor Adeyemo

Exchange Rate: Nigerians In Diaspora At Vantage Position To Invest In Real Estate Now – Realtor Adeyemo

…As Pelican Valley Takes Products To December ‘2nd Property Portfolio Show In London

…Set To Attract Over One million pounds Investment To Ogun

By Rebecca Adeniran, Abeokuta

 

 

 

 

Foremost realtor, Dr. Babatunde Adeyemo, has declared that given the prevailing current exchange rate that placed foreign currencies like the pounds sterling and dollars ahead of the Naira, there is no better time for Nigerians living abroad to invest their idle funds in the lucrative real estate business back home than now.

 

 

 

 

 

Dr. Adeyemo, who is the Chief Executive Officer(CEO) of Pelican Valley Nigeria Limited, said Nigerians living in the UK, United States, Canada or Ireland are at a advantageous position to grab the favourable exchange rate climate that placed more value on the pounds, dollars and euros today, urging them to channel their funds to the secured and high R.O.I real estate business of Pellican-Valley Nigeria Ltd.

 

 

Exchange Rate: Nigerians In Diaspora At Vantage Position To Invest In Real Estate Now - Realtor Adeyemo

 

 

“It is good for people to invest now, most especially Nigerians in diaspora, they are really in advantageous position because the exchange rate is favourable to them and they can easily key into real estate business and it will multiply their Return on Investments (ROI). So, it is a good opportunity for them to key into the real estate business now,” he said.

adeyemo who is a recently inducted ECOWAS Youth Ambassador and anti curruption ambassador gave the advice in an exclusive interview with our reporter, revealing that Pelican Valley Nigeria Limited had been billed to show case its range of products, offer real estate advisory and also flash his proven, secured real estate investment at the forthcoming London AVI Networking Event 2023, which will be focusing on property portfolio management, investments in Nigeria.

He explained that the event slated for December 2, 2023 in London, is being put together by equally a London – based Avenue Impact Training & Consulting Limited, a firm that assists immigrants with the necessary trainings required to take informed business decision in terms of career choice, field of endeavours and the better place that can help them achieve their legitimate life ambitions.

 

 

 

 

 

 

Ambassador Adeyemo expresses the confidence that the multiple award winning Pelican Valley Nig Ltd would be attracting to the Gateway State no fewer than One million Pounds investments from the Property Portfolio and Management Investments event in London, saying the project is going to be mutually beneficial.

 

On the London, AVI Networking Event 2023

What AVI is trying to do now is that, having helped her members to fully integrate into the system, they are now propelling members to take an informed decision on how to invest their hard earned funds wisely. The beauty of travelling abroad is to bring all goodies acquired over there back home successfully. The AVI have actually independently conducted their research and due diligence on Pelican Valley Nigeria Limited and they have now successfully helped their members to take a wise and informed investment decisions about a viable and trustworthy organisation that their members can invest their funds in and have peace of mind. I think they really researched about us, checked our track records, goodwill, delivery and realised that we are of good reputation before reaching out to me personally to come over to London and enlighten their members on how to take a full advantage of the real estate investment in Nigeria through PelicanValley.

 

 

 

 

 

 

 

Real estate business is highly lucrative and if I, could personally take it from almost the lowest strata of the society to this level that God has placed us, I can also help those that have the funds too, not only those with idle funds but also others that are looking at those positive and secured investments that would break-even and give a high RoI within a short period of time.

There is something you cannot take away from real estate business, that is Integrity and Goodwill. You need integrity to make your business thrive and not to cut corners of cheat investors.

 

 

 

 

 

 

 

You need to invest with someone with a proven track records of integrity and goodwill so that your real estate investment can be secured. Let me shock you, 90% of Nigerians in diaspora who are investing in real estate had actually got their hands burnt, because most of them are unable to reach out to realtors who can secure their investments. And it takes someone with clean character, prudency and great integrity to secure real estate on behalf of any individual. It is very evident in our track record that we have been into this real estate business for almost 14 years now without a single court or police case and when you check our reviews, u will discover that we have 100% positive reviews on all our public platforms. So, it would be a wonderful opportunity for those that are willing to invest and get a high RoI to take full advantage. Take for instance the Pelican Valley Estate which we started selling land there at N800k about eight years ago,today, a plot of land there is N20million, also Pelican Brief Estate in Kobape, we started selling land at N785k but today, it is N5million per plot. I know in the next three years, it will shoot up to N10million. So, it is good for people to invest now, most especially Nigerians in diaspora, they are really in vantage position because the exchange rate is favourable to them and they can easily key into real estate business and it will multiply RoI for them. So, it is a good opportunity for them to key in.

 

 

 

 

 

 

 

On Pelican Valley Products

We are taking the “REAL” products to them in London, first of all, the Pelican Valley Estate, Laderin, where unusual homes happens. Plelican Valley has one of the most beautiful landscape, most unique ambience and serene environment one cannot find in the whole Southwestern part of Nigeria. It is so natural and you can’t see something like it anywhere in the Southwestern part of Nigeria. It took us almost seven years to achieve such scenery ambience and landscape. We introduced it 8 years ago with #800,000 but now #20m per plot…Fully energised with you a 500kv electric transformer, four Fully armed security guards, all drainages done, two gardeners and all major roads interlocking.

 

 

 

 

 

 

 

Other products like Pelican-Brief Estate,Kobape, where we are igniting a Smart City. Pelican Brief is presently the fastest growing estate in Ogun State today. We started selling Pelican Brief with meagre N785k per plot three years ago but today, a plot is N5million.

 

 

 

 

 

Presently, we have four armed security guards on site and two gardeners working daily. We have also launched a N1billion road construction intervention scheme using interlocking stones for our majour roads in the first phase of road construction. We also have a 500 Kv transformer, fully energized, stepped down from a 33kv trunkline.

 

 

 

 

 

 

 

Every plot in Pelican Brief has electricity pole in front of it, with Fully energised serviced wires. It is the only estate that has a “FULL” GOVERNMENT APPROVED LAYOUT in Ogun State for the first three and half years of the present administration in Ogun State. Pelican Brief has so many fully subscribed diasporan clients, which influence the naming of some of our streets after their base, among those names are Ontario drive, Manitoba drive and so on..we cannot rule out the possibility of having a AVI drive or London avenue in the nearest future. Pelican Brief presently has over one hundred and fifty building approvals with over fifty ongoing constructions.

 

 

 

 

 

 

 

We’ve done all our beacon sheet (Ready-made registered surveys for all plots), when you buy our lands and pay in full, you get allocation almost immediately you are ready for development. These are type of products the Diaspora needs. The Estate is less than 15 minutes from the Prof. Wole Soyinka train station, which connects Ogun State to Lagos, Ibadan and in the long-term, all the 36 State capitals in the Nigerian Federation.

 

Another product is Pelican Ecostay apartments. Pelican Ecostay apartments is just one part of Pelican Brief Estate, there we have started building one bedroom studio apartments, two bedroom apartments, three bedroom apartments and three bedroom duplexes. So, Ecostay apartment is highly unique where everything there is going to be 100% eco-friendly. We have started planting trees there and the tree planting project cost us over N10 million. We want to make it a site – seeing and tourists attraction. We have placed order for three Camels, donkeys, peacocks to make the ambience scenery and natural. The building sites and the building is also fully approved by the Ogun state government, with provisions for a purpose built lounge, gym, mini club, recreation, skid gas station,green areas,open space and hospital.

 

 

 

 

 

 

Those are some of the unique advantages of our products, you can call it our unique selling points. We also have Pelican Valley Greenish Acres Farm Estate, which is a by – product of Pelican-Brief Estate and the Pelican”s Ecostay Apartments. The idea is to have a place not too far away from the estates whereby our clients and residents can easily go to get fresh vegetables and farm products, to complement the dreams of Ecostay apartment and make people live natural and eat natural. We discovered that about 80% of our clients in the diaspora are 55 years old upward and most of them are ready to come back home in retirement and once they got home, they would need something to keep body and soul together. That was why we have the farm estate. It is about 1.5kilometer away from the Pelican Brief Estate and Pelican’sEcostay Apartments. They can just take a walk up from their houses to their farms, eat fresh vegetables that the body needs and jug back home. It is a way of promoting wellness and healthful living and future. So, those are the products we are planning to introduce to Nigerians in diaspora startedfrom London, this December, Gods willing. Our ranges of products are interwoven, interconnected and interrelated.

Investment In View

In the interim, we are looking at well over a million pounds investment in London, that is about One Billion Naira investment coming to Ogun state. We are looking at the prospect of attracting over One million pounds investment to Ogun State through the AVI Networking Event 2023 in London.

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Adron Homes Felicitates with Muslim Faithful on the Occasion of Eid Maulud Nabiyy

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Adron Homes Felicitates with Muslim Faithful on the Occasion of Eid Maulud Nabiyy

Adron Homes Felicitates with Muslim Faithful on the Occasion of Eid Maulud Nabiyy

 

Adron Homes and Properties Limited extends its warmest greetings and heartfelt felicitations to all our esteemed Muslim customers as they celebrate the auspicious occasion of Eid Maulud Nabiyy, the commemoration of the birth of the Holy Prophet Muhammad (Peace Be Upon Him).

 

Adron Homes Felicitates with Muslim Faithful on the Occasion of Eid Maulud Nabiyy

 

Eid Maulud Nabiyy is a time of reflection, gratitude, and renewed faith. As we join in celebrating this sacred day, we recognize the profound teachings of the Prophet Muhammad (PBUH), who embodied compassion, integrity, and dedication to the betterment of humanity. At Adron Homes, these values resonate deeply with our mission of providing affordable housing solutions and fostering a harmonious community where all individuals can thrive.

We are especially grateful to our Muslim clients and partners for their trust and unwavering support in our vision of making the dream of homeownership a reality for every Nigerian family. Your commitment has been pivotal in helping us shape communities where diversity, respect, and unity are at the forefront.

As we celebrate this blessed day, we remain dedicated to ensuring that our services continue to meet your housing needs while maintaining the highest standards of integrity, transparency, and innovation. Our goal is to contribute to the peace and prosperity that this special celebration represents.

May this Eid Maulud Nabiyy bring you and your loved ones joy, blessings, and renewed hope for a brighter future. We wish you peace, health, and happiness as you reflect on the timeless wisdom of the Holy Prophet.

Once again, Adron Homes celebrates with the entire Muslim Ummah and looks forward to continuing our journey together in building homes, strengthening communities, and fostering unity.

 

Adeboye Abiodun
Mnipr, Acicrm
Digital Operations and Media Relations Officer
Adron Homes and Properties Limited.
08138432335

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Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days

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Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days

Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days

 

 

Nigeria’s foreign exchange (FX) reserves rose by $621.2 million in 10 days following the successful sale of a domestic dollar bond.

The gross FX reserves increased from $36.24 billion on September 2, 2024, to $36.87 billion by September 12, 2024.

This is according to the latest data on the reserves from the Central Bank of Nigeria (CBN).

This growth reflects the positive impact of domestic dollar bond at boosting the nation’s reserves.

What the data says
On September 2, 2024, the country’s reserves stood at $36.24 billion. Over the course of the following 10 days, this figure saw steady growth, eventually reaching $36.87 billion by September 12, 2024.

The first notable uptick occurred between September 2 and September 3, 2024, when the reserves rose from $36.24 billion to $36.27 billion, reflecting a modest increase of approximately $30 million.

This growth continued over the next few days, with the reserves standing at $36.30 billion by September 4 and reaching $36.33 billion on September 5. These incremental gains suggest a sustained flow of foreign exchange into the country.

By September 6, 2024, the reserves had risen to $36.39 billion, marking a more significant increase as the CBN’s bond strategy gained traction. The rise between September 6 and September 9, when reserves hit $36.64 billion, reflects a particularly strong phase of accumulation. This $250 million growth over a weekend suggests robust demand for Nigeria’s dollar bond and reflects increased liquidity entering the financial system.

The trend continued into the second week of September, with reserves reaching $36.73 billion on September 10, before climbing further to $36.81 billion on September 11. The largest single-day increase occurred between September 11 and September 12, 2024, with reserves jumping by $54.4 million, culminating in the final figure of $36.87 billion.

What you should know
Nairametrics earlier reported that Nigeria’s FX reserves have dipped by about $505.68 million (1.37%) in August 2024.

The dip represents the steepest monthly decline in Nigeria’s forex reserves since April 2024.

However, this increase can be attributed to Nigeria’s recent domestic bond issuance, which was aimed at attracting foreign capital and improving reserve levels. The rise in reserves comes at a critical time for Nigeria, which has been grappling with economic pressures, including the need to support the naira amidst global currency fluctuations.

Nigeria successfully launched its first-ever domestic dollar-denominated bond, seeing over $900 million in subscriptions.

The $500 million bond, coordinated by the Africa Finance Corporation (AFC), marks a pivotal moment in Nigeria’s economic development and highlights the growing confidence in the country’s capital market.

The five-year bond, which was issued at par with a 9.75% annual coupon, witnessed a 180% subscription.

This overwhelming interest from investors highlights the strong domestic confidence in Nigeria’s economic growth prospects, as well as the strategic role of the AFC in deepening the domestic capital markets.

According to a statement from the AFC, investors for this bond issuance ranged from local Nigerians and non-Nigerians residing in the country to Nigerians in the Diaspora and major institutional investors.

The bond will be available for trading on the Nigerian Exchange Limited (NGX) and FMDQ Securities Exchange Limited (FMDQ Exchange), providing a significant boost to the liquidity of Nigeria’s financial markets.

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FG, Dangote reach agreement on petrol supply

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FG, Dangote reach agreement on petrol supply

FG, Dangote reach agreement on petrol supply

 

The Federal Government, on Friday, disclosed that the supply of petrol from Dangote Refinery will commence tomorrow after both parties reached an agreement on pricing and supply.

NNPC will remain as the sole off-taker of petrol from the refinery with other marketers getting the product from the national oil company.

 

Speaking in Abuja, a member of the Presidential Committee on the Sale of crude Oil and Refined Products and Chairman of the Federal Inland Revenue Service, Zacch Adedeji said in return NNPC Limited would commence the supply of 385,000 barrels of crude oil to Dangote Refinery on October 1, 2024.

Adedeji announced that “all agreements have been completed and loading of the first batch of PMS from the Dangote Refinery will commence on Sunday 15th September”.

He disclosed that Dangote Refinery will in return supply PMS and diesel of equivalent value to the domestic market to be paid for in Naira.

He said other decisions reached by the committee include the sale of Diesel in Naira by the Dangote Refinery to any interested off-taker while PMS will only be sold to NNPC.

“From 1 October, NNPC will commence the supply of about 385kbpd of crude oil to the Dangote Refinery to be paid for in Naira

“In return, the Dangote Refinery will supply PMS and diesel of equivalent value to the domestic market to be paid in Naira.

“Diesel will be sold in Naira by the Dangote Refinery to any interested off-taker. PMS will only be sold to NNPC, NNPC will then sell to various marketers for now. All associated regulatory costs will also be paid for in Naira”, he added.

The agreement is expected to ease the acute shortage of petrol across the country and also allow the government to continue the payment of subsidies on the product.

The Presidential Committee on the Sale of Crude Oil and Refined Product has announced that loading of the first batch of petrol from the Dangote Refinery will commence on Sunday, September 15.

A member of the committee and Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, disclosed this in Abuja on Friday. Briefing journalists, the FIRS boss said that from October 1, the Nigerian National Petroleum Company Limited (NNPCL) will commence the supply of about 385kbpd of crude oil to the Dangote Refinery to be paid for in Naira.

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