Logan Property Holdings, the main real estate development business controlled by Chinese billionaire Kei Ho Pang, has raised $200 million from the sale of new shares that will dilute his family’s ownership of the business to 61% from 68%. Value Partners and RRJ Capital are among the investors that subscribed for 1.55 billion shares being offered by Logan at HK$2.78 ...

President Muhammdu Buhari on Wednesday admitted that Nigerian roads are dead and required urgent attention of the Federal Government. The president spoke at a dinner he hosted in honour of senators at the new Banquet Hall of the Presidential Villa, Abuja Wednesday night. The event was also attended by Vice President Yemi Osinbajo; a national leader of the All Progressives ...

AN increasing number of the world’s wealthiest people are buying non-traditional homes outside of where they usually live and the vast majority own two or more homes, new research shows. Ultra-high net worth individuals (UHNWs) are classed as those with assets above US$30 million and are discerning about what they buy, says the research report from Wealth-X and Sotheby’s International ...

Baring any last minute hitch, all is set for the Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) to commence the implementation of adhesive stamps policy. According to the board chairman, Elder Williams Odudu, the new policy would take off early 2016, which is expected to follow every report produced by registered estate surveyors and valuers throughout Nigeria. Odudu ...

The British property industry has welcomed a government review of one of the country’s biggest bugbears in the planning system. According to the Property Federation (BPF) the re-look at the Community Infrastructure Levy (CIL), a development tax, which is used to fund local infrastructure, is long overdue. The organisation, which is supportive of CIL in principle, has long advocated a ...

The Peoples Democratic Party (PDP) in Lagos State has said the immediate past governor of the state, Babatunde Fashola who is now the Minister of Works, Power and Housing, would fail as a minister, reports The Punch. The party noted that Mr. Babatunde Fashola, who is now the Minister of Works, Power and Housing, is not an achiever. The Publicity ...

Is affordable housing in Nigeria a myth or reality? The development and progress of any given society depends largely on how well the basic needs of the people are guaranteed or satisfied. This cannot be possible unless practicable and effective policies are put in place to satisfy these basic needs. One of human basic needs that have continued to attract ...

“ Unwholesome sanitary habit of open defecation can be extremely inimical to Lagos citizenry as it poses threat to health, wreaks havoc on the environment, leads to epidemic outbreaks and gives room for perilous diseases to thrive.” Those were the words of Lagos State Commissioner for Environment, Mr. Babatunde Adejare during the commemoration of World Toilet Day in Lagos. He ...

The federal government has lamented loss of N455 billion annually to poor sanitation saying it is equivalent to 1.3 per cent of Nigeria’s gross domestic product (GDP). Permanent secretary of the Federal Ministry of Water Resources, Rabi Jimeta disclosed this Monday at a national stakeholders’ consultative workshop on draft hygiene promotion strategy and implementation guidelines for Nigeria in Abuja. She ...

The Senate, Today, mandated its Committee on Works to invite the Minister of Works, Power and Housing, Babatunde Fashola, over the status of Bailey bridges nationwide. Bailey bridges, made from pre-fabricated metal truss, developed and used during the Second World War, were built in Nigeria during pre-independence and post-Civil War era. They were used to provide temporary crossing for foot ...