Nigeria’s property market is being impacted by the government’s anti-graft laws. With the introduction of President Muhammadu Buhari’s administration there has been a massive offload of properties, especially in the high-end market. According to Nigerian reports, the Independent Corrupt Practices and Other Related Offences Commission has reportedly confiscated some buildings said to have been owned by public servants whose earnings do ...

According to recent reports, Akinwunmi Ambode, governor of Lagos state, has revoked the allocation of over 25 plots of land by his predecessor, Babatunde Fashola. This allocation was a last minute decision by the administration of Fashola. TheCable learnt that the expansive land at Lekki Phase One had been allocated to the Lagos State Water Corporation in 1998 by the ...

Sahara Reporters released a report claiming Ngozi Okonjo-Iweala’s family was planning to open a multi-million dollar hospital in Abuja, the former Minister says this is not true. In a response to that report , Ngozi Okonjo-Iweala has denied the claims. Read her full response below: –   Having failed to achieve any success after months of unsubstantiated figures and wild ...

More and more California working families are struggling financially to make ends meet due in large part to the increasing cost of housing. And the problem is only getting worse. According to the nonpartisan state Legislative Analyst’s Office (LAO), today the median price of an average California home is $440,000, which is nearly two-and-a-half-times greater than the national average home ...

A traditional ruler and businessman, Chief Moroof Owoola has accused the police of unlawful invasion of his property at Oke Ira Nla area of Eti Osa Local Government Area of Lagos State. The police action, he claimed, violated  a perpetual order issued by a Lagos High Court, Ikeja, restraining the police from invading the property. He said that police operatives led ...

The Sokoto State Government has introduced a monthly incentive of one million naira to any district adjudged to be the cleanest in the state. Governor Aminu Tambuwal disclosed this Saturday at the flag-off of special environmental sanitation programme in Sokoto, saying the incentive is part of measures to enhance cleanliness and preservation of the environment. He said the incentive is one ...

Fidelity Bank bridges housing gap with ‘Save 4 Shelter’ promo Fidelity Bank has unveiled the ‘Save 4 Shelter’ Promo as part of its contribution towards bridging the housing deficit in Nigeria, Africa’s largest economy by GDP. This novel initiative, besides increasing awareness on the need to acquire a savings culture, is also a veritable instrument for advancing the quest for ...

The most valuable dollhouse in the world, worth a staggering $8.5million, is going on display for the first time. The hand-made ‘Astolat Dollhouse Castle’ was designed and built over a 13-year period by Colorado-based miniature artist Elaine Diehl in the 1980s. She modeled it after Tennyson’s Lady of Shallot and commissioned fine craftsmen from around the world to build over ...

Commitment from the government and all stakeholders will make more impacts on the real estate sector of the economy, which at the moment is performing far lower than its inherent potentials, capable of propelling the country’s Gross Domestic Product (GDP). In a forecast of the real estate sector, the Managing Director, Propertygate Development and Investment Plc, Mr. Adetokunbo Ajayi, who ...

I asked a colleague in the office how he fairs with his landlord (awkward question you will say…LOL) and the response to that question, which came in form of a story, erupted both deductive and inductive argument. The gist goes thus: “My colleague resides in a twin duplex apartment whereby his landlord occupies one and him the other. The twin ...