The menace of Omo-onile in Nigeria have been and still remains worrisome. The extortion of innocent property owners by touts and  street urchins known as Omo-Onile or Agajungbale in different parts of Lagos State has brought to the fore the nuisance which the group, which calls itself the “sons of the soil “ and “children of original land owners,” is ...

The private equity and other pooled funds that have made century-old buildings some of the hottest properties in Manhattan have been cashing out at double the rate of a few years ago, but strong buying from other investors has assuaged fears that the market is peaking. The institutional investors and real estate investment trusts that are taking private equity’s place ...

Renewed Ebonyi, Abia boundary dispute – One person was shot dead and many injured in renewed clashes between Ishiagu community in Ivo local government area of Ebonyi state and Lokpanta community, Umunochi LGA of the neighboring Abia state over boundary dispute premiumtimesng reports Also one person identified as Chukwuma Akwa was declared missing. The renewed boundary dispute between the two ...

The controversy over the temporary relocation of an agency of Kwara State government to the temporary site of the University of Ilorin (UNILORIN)  has been resolved by the state government and the University authorities, Abdulwahab Oba, the Chief Press Secretary to the Kwara Governor, has said. At a meeting with management of the University led by its Vice Chancellor, Prof. ...

Two years after a tribunal of inquiry into collapsed buildings in Lagos State was set up, the building collapse tribunal report has not been acted upon, while more defective buildings are going down, MAUREEN IHUA-MADUENYI writes A tribunal of inquiry into collapsed buildings was set up by the Lagos State Government on May 20, 2013 to determine the causes of ...

According to the latest forecast from the Council of Mortgage Lenders, A benign economic backdrop should underpin a gentle improvement in housing and mortgage market activity in the coming months. Propertywire.com reports that the CML market review report pointed out that this follows a softer patch over the past year, which has dragged down our expectations for gross mortgage lending ...

The Nigerian Institute of Building has said, there is a need to create more awareness about the National Vocational Qualification Framework, an initiative of the National Board for Technical Education that was approved by the Federal Executive Council for the qualification, management, administration and accreditation of builders. The NIOB in a statement signed by its national president, Mr. Tunde Lasabi, ...

UK fights foreign Dirty Money in Real estate, cites James Ibori as an example Declaring “there is no place for dirty money in Britain,” U.K. Prime Minister David Cameron said Tuesday he will take on those using shell companies to invest ill-gotten gains in London real estate. The U.K. government came under criticism this week after an official at the ...

The rising cost of renting houses in thriving Nigerian cities of Lagos, Port Harcourt and Abuja, which goes beyond the reach of potential tenants stretches the number of homeless people beyond borders. This development is worrisome in view of the huge housing deficit in Nigeria. Yet there is an increasing number of vacant homes; buildings that should have families albeit ...

In a country where only few houses are home-worthy, it shouldn’t be hard to tell a quality housing. However because of our constant exposure to economic hardship and poverty our idea of quality housing may have been compromised. So when a Nigerian says he lives in a house of high quality; a house that lives up to expectations and the ...