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Real Estate

Despite uncertainties Real estate investors remains confident in economy

Notwithstanding the uncertainties in the direction of the Nigerian economy, fresh investments are still taking place in the real estate sector through which investors have shown uncommon confidence in the country. The size of the Nigerian market is a frequently cited reason for the investor-interest and confidence, but in spite of the huge opportunity in the residential segment of the ...

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FG sets up committee to tackle Nigeria’s housing deficit

Solving The Problem Of Affordable Housing In Nigeria

In order to tackle Nigeria’s housing deficit which has been estimated at 17 million units, the Federal Government has inaugurated a 12-man ministerial committee to develop a blue print for affordable housing in the country. According to a statement signed by the Director, Public Affairs, Mr. Adedeji Ajibade, on behalf of Mr. George Ossi, the Permanent Secretary, Federal Ministry of ...

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Synagogue Protests Coroner’s Verdict on Building Collapse

Professionals Calls For Synergy Among Professional Groups Against Building Collapse

The Synagogue Church Of All Nations has protested the verdict of a Lagos coroner who called for its prosecution alongside the Building contractor over the death of 116 persons in a collapsed six-storey building on its premises. The Synagogue Church Of All Nations has described as unreasonable, the verdict of a Lagos coroner, Magistrate Oyetade Komolafe, who called for its ...

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PENCOM introduces Mortgage synergy to allow contributors own their homes

The National Pension Commission, PENCOM, has called on States and local government areas in the South-East region to expedite action towards full implementation of the Contributory Pension Scheme, CPS. The Director General of PENCOM, Mrs. Chinelo Anohu-Amazu, who gave the charge on Thursday in Enugu at a sensitization workshop held for the people of South-East, expressed concern over the low ...

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Number of homeless youth in the UK exceeds government figures

According to a major new study by housing experts at Cambridge University the true number of young people who are homeless far exceeds government figures. Some 83,000 homeless young people have had to rely on councils and charities for a roof over their heads during the past year – more than three times the 26,852 young people recorded in homeless ...

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Federal High court orders former Governor to Forfeit multibillion naira property

A Federal High court in Lagos has ordered that four companies associated with former Enugu State governor, Chimaroke Nnamani, be forfeited to the Federal Government. The four companies – Rainbownet Nigeria Limited, Cosmos FM, Capital City Automobile Nigeria Limited and Renaissance University Teaching Hospital – were convicted by a judge of the Lagos court, Mohammed Yinusa, on Tuesday after pleading ...

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How to effect land excision in Lagos State

A lot of people have issues understanding what excision means. This is why I have decided to help out by writing this article on how to effect land excision in Lagos State. A portion of land is said to be excised if such has been legally released through a government gazette to the indigenous settlers. The Land use act of ...

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New York: Sears raises $1.7B in spinning off real estate

new york

Seritage Growth Properties, the real estate spinoff of Sears Holdings Corp, made its debut Monday on the New York Stock Exchange and estimated it had raised about $1.6 billion from the offering. Sears, which is dealing with slumping retail sales, formed the real estate investment trust to extract more revenue from its properties. It plans to sell and lease back ...

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Reasons behind FCTA establishment of Mass Housing Department – CHUKWU

Lamudi in partnership with Imperial Homes to improve Mortgage access

The FCT Administration has created the Mass Housing Department to address the housing needs in the Federal Capital Territory and reduce the springing up of slums.   The FCT Permanent Secretary, Engr. John Obinna Chukwu FNSE, made this disclosure at the opening ceremony of the Abuja Housing Show on Monday at the International Conference Centre.   The Permanent Secretary reiterated ...

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