In Nigeria, the richest person in real estate is Aliko Dangote, whose net worth is $US 15.9 billion. Although there are no billionaires in Nigeria who have made their fortune solely on real estate, a large part of Aliko Dangote’s wealth comes from his warehouses, luxury flats and commercial buildings in Lagos, Cross River, Kano, Rivers and Abuja. In addition ...

Yesterday, we delivered a piece on affordable housing in Lagos. We also addressed the incidence of the spiral process of slums among the poor who can’t afford the regular houses. Which brings us to this question; is affordable housing the basic right of every Lagosian? Here is the concluding part… When reference is made to the homeless, you may not ...

Lasgidi, city of hustlers where everyone seems to be sprinting on an imaginary track yet there are no spectators or even track officials.  In Lagos, it is the survival of the fittest, if you don’t fit in, you will end up in a fix. One of the most back-breaking means of survival is finding affordable housing with good living conditions though ...

It’s been ten years coming for us in the real estate business. Looking back, I won’t say it’s been a jolly good ride, as it is with every real business there are bound to be hiccups, pitfalls, wrong turns, steep roads and of course a time of harvest. We’ve experienced it all and it’s been worth the ride. However, there ...

Online real estate marketplace Lamuidi has launched Nigeria’s first property hotline known as Dial-4-Home. According to National Mirror, the hotline was developed as an extension to Lamudi’s market-leading Internet platform to extend access to the country’s largest database of properties to the estimated 50 million mobile users who do not have access to the internet via smartphones and tablets. Speaking ...

The federal government has commissioned 102 units of the ministerial pilot housing scheme in Suleja, Niger State. The housing units, fully funded by the Federal Mortgage Bank of Nigeria (FMBN), is the first of such exercise in the six geo- political zones of the country. The minister of lands, housing and urban development, Mrs Akon Eyakenyi, who commissioned the project ...

In Uganda, the Ministry of Lands, Housing and Urban development is to embark on a countrywide registration of all real estate dealers for regulation. The exercise which kicks off mid this year, will see real estate dealers issued with licenses of operation. According to the Permanent secretary ministry of Lands, Gabindadde Musoke, the exercise is aimed at wiping out fake ...

Ondo State government has taken a giant leap in its tourism revolution as it has constructed the first world class hills resort. With this latest effort, the governor of the state, Olusegun Mimiko, has demonstrated his unalloyed commitment to development and promotion of tourism in the state. The newly built hills resort is built in the ancient town of Idanre, ...

Simon Property Group has launched a $16 billion hostile bid for Macerich Co. after saying its rival refused to discuss a combination of two of the largest U.S. mall operators. Simon said Monday that it was offering $91 per share in cash and stock for each share of Macerich. That represents a premium of 30 percent to the closing price ...

3000 skeletons recovered at London train station site. Archaeologists in London have begun digging up some 3,000 skeletons including those of victims of the Great Plague from a burial ground that will become a new train station. A team of 60 researchers will work in shifts six days a week over the next month at the Bedlam burial ground to ...