Real Estate News

Independent reports that former president of Nigerian Institution of Building (NIoB) and former Minister for Sports, Bala Kaoje, has supported government’s land revocation and reallocation order in Abuja, saying funds generated therein would be used for development of other areas. The former president Association of Professional Bodies of Nigeria (APBN) remarked that the leadership of the FCT has been very ...

“Concerned about the sufferings encountered by tenants in the country, especially in urban centres like Abuja, Lagos, Kano, Port-Harcourt, among others over accommodation rents, stakeholders are  contemplating a legislation that would peg rent to a maximum of one month, instead of one, two or more years that has become the norm.”- Nigerian Tribune This decision was being contemplated after the ...

The Federal Government has been urged  to carry out reforms in housing sector ; facilitate the amendment of the Land Use Act and create enabling environment for private developers to assist government in tackling the consistent problems of housing deficit in Nigeria-  The Tribune Bamidele Onalaja, the Chief Executive Officer of RevolutionPlus Property Development Company, made the appeal recently in Lagos during ...

“The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye has revealed how much the ministry bought the current redemption camp land located along Lagos-Ibadan Expressway.”- Daily Post Adeboye said the ministry as at then bought the massive land for a token of N6,000. Speaking on a special Independence Day service at the church international headquarters in Ebute ...

Premium Times reports that the Nigerian Senate on Tuesday directed the National Boundary Commission to investigate boundary conflicts around the country and clearly delineate the boundaries to curb widespread land disputes. The directive followed a motion on crises arising from non-delimitation of Nigerian internal boundaries. In the motion, Gershom Bassey (PDP-Cross River South) noted that Nigerian internal boundaries are afflicted ...

“The signing into law of the bill for using movable assets as collateral, popularly known as Collateral Registry Act has been described as moves in the right direction, by financial experts.”- The Guardian The law, which came on the realization that small business, estimated to have employed over 60 million Nigerians and accounted for 48 per cent of the nation’s ...

“Except a superior court holds a contrary view in the nearest future, the suspension of the Managing Director of FHA Homes Limited, Roland Igbinoba, can no longer hold, courtesy of the National Industrial Court sitting in Abuja.”- Independent Justice Edith Agbakoba, who cited a case of unfair hearing in the proceedings that culminated into the suspension of Igbinoba, held that ...

Independent reports that members of the Nigerian Institute of Town Planners (NITP), Lagos Chapter, have called for strategies and policies to combat flooding in the country. They spoke during the 2017 Annual General Meeting of the body held at Academy Inn & Multipurpose Halls, Lateef Jakande Road, Agidingbi, Ikeja, Lagos State. With a theme: “The Challenges Of Managing Flood In ...

“The Nigeria Real Estate Summit and Expo gathered players from all professions in the built environment recently gathered stakeholders for networking, learning and transaction.”- Punch The two-day event, which was themed: ‘Collaborating, innovating and growing to achieve adequate and affordable housing delivery in Nigeria’, had over 2,500 visitors and more than 80 exhibitors and provided a platform not only for ...

According to Y Naija, the Senate has asked the Ministry of Power, Works and Housing to remove illegal bumps from federal roads. The upper Chamber also asked the ministry to ensure there are petrol stations on service lanes for motorists. The motion: The motion was sponsored by Barnabas Gemade, senator representing Benue north-east, and Stella Oduah, senator representing Anambra north. “The ...