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Monthly Archives: April 2016

Enugu To Build 2,500 Housing Units for High & Low Income Earners

Enugu To Build 2,500 Housing Units for High & Low Income Earners

Enugu state government has set a target of one trillion naira to be realised from the sale of landed property at the newly carved out New Independence layout within Enugu metropolis. The target, which is coming on the heels of the recently concluded Oganiru Enugu Investment Summit, also came with a cheery news of government’s plan to build about 2, ...

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Dangote Urges FG to Invest In Infrastructure & Housing

Dangote Group 10-year tax incentive

Alhaji Aliko Dangote, Chairman of Dangote Cement Plc, yesterday charged the Federal Government and other African countries to invest in infrastructure and housing to support the rapidly developing continent, just its company is expanding across the continent. He stated this at the company’s Annual General Meeting (AGM) where it declared N8 per share dividend for the financial year ended December ...

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Synagogue Building Collapse: 2 Engineers Remanded In Prison

Children Sue TB Joshua’s Church Over Death Of Their Father

The two engineers, who constructed the collapsed seven-storey guest house of the Synagogue Church of All Nations (SCOAN), were on Tuesday remanded at Kirikiri Maximum Prisons, Lagos. An Ikeja High Court which gave the ruling, said the men should be kept behind bars pending the determination of the charges against them. The News Agency of Nigeria (NAN) reports that the ...

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Land Use Charge Should Be Paid By Landlords, Not Tenants – LASG

Land Use Charge Should Be Paid By Landlord, Not Tenants - LASG

The Lagos State government has cleared the air over who is responsible for payment of Land Use Charge in the state. Mustapha Akinkunmi, the Commissioner for Finance, said Monday that land owners and landlords, not tenants,‎ are to pay the fee. Payment of Land Use Charge is often a contentious issue between property owners and tenants in Lagos, with the ...

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Zoning and building codes in real estate

Zoning and Building Codes

In most countries of the world, buildings are built based on adequate planning and strict adherence to the health and safety of the community. Constructing a building on your landed property will require due diligence. This is to ensure the structure is an acceptable model in the area where your land is located. For example, if an area is earmarked ...

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Harsh Economy Situation Affecting Nigerian Real Estate Market

Osibanjo's real estate value

The Nigerian real estate market has been hampered by the general lull in the nation’s economy with most operators now struggling to remain in business. Mr. Omo Aisagbonhi, Chairman and Chief Executive Officer of OMAIS Investment Group, developers and owners of Trinity Mall, Disclosed this at a media parley in Lagos penultimate weekend ago. He said the harsh economic situation ...

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Develop Strategies To Check Graft in Real Estate Sector -Saraki

11 contractors collected N4bn without going to site – Senate

The Senate President, Senator Bukola Saraki has called on estate surveyors and valuers to evolve strategies that would check corruption in the real estate sector, reiterating National Assembly’s resolve to stimulate urban development in the country through oversight function and effective legislation Saraki made the call while declaring open the 46th Annual Conference of NIESV with the theme; ‘City Growth: ...

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How Saraki Acquired Properties In Ikoyi, Lagos Using Different Bank Drafts – Witness

How Saraki Acquired Properties In Ikoyi, Lagos Using Different Bank Drafts - Witness

A witness, Michael Wetkas, on Monday, told the Code of Conduct Tribunal (CCT) that Senate President Bukola Saraki used different bank drafts to buy properties in Ikoyi, Lagos. Mr. Saraki is facing a 13-count charge bordering on allegations of false asset declaration and money laundering. He had earlier pleaded not guilty to the charges. At the resumed hearing of the ...

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Brookfield Exceeds Target, Raises $9 Billion for Latest Real Estate Fund

Brookfield Exceeds Target, Raises $9 Billion for Latest Real Estate Fund

Brookfield Asset Management Inc. raised $9 billion for its latest real estate fund, exceeding its $7 billion target and doubling its previous fund, as Asian investors and U.S. pension funds piled in to its fundraising efforts. Brian Kingston, chief executive officer of Brookfield Property Partners LP, said the funds are already 45 percent committed, including investments in the privatization of ...

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Basic steps in building a house

basic steps in building a house

This became necessary due to recent mails I received asking for advise on basic steps in building a house that once can effectively follow. It is for those who are not really sure of what steps to follow when planning for their house. Understanding the basic steps in building a house will aid your knowledge more and always make you ...

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