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Monthly Archives: August 2016

Real Estate Agent Lets In Jewel Thieves During Open House

Open house

A distracted real estate agent holding an open house in Southern California apparently didn’t notice two unwanted guests: a pair of crafty jewel thieves. The men made off with more than $150,000 worth of watches, jewelry and electronics under his nose, KABC reported Tuesday. The house is on the market for $1.6 million. “These guys seem like they were professionals. ...

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PENCOM to Invest N2.32 trillion in Infrastructure by 2019


The National Pension Commission, PENCOM said on Tuesday it planned to deploy at least 40 per cent of the total pension funds in the country (about N2.32 trillion) into investments in infrastructure development by 2019. Total pension assets in Nigeria stood at N5.8 trillion as at July 2016, and accounted for about 6 percent of the country’s gross domestic product (GDP). The ...

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Owner of Eko Hotel Ostracized From Entering US

Eko Hotel

Nigerian-Lebanese billionaire Gilbert Chagoury, owner of the giant Eko Hotel in Lagos and the ground breaking Atlantic City, is no longer allowed to enter the United States. According to a report by Los Angeles Times, Chagoury had his visitor’s visa denied last summer under terrorism grounds. Chagoury, who is also a big donor to the Clinton Foundation and has a ...

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What You Should Know About RPL’s Cedar Homes

RPL's Cedar Homes

In view of the 17 million housing units deficiency in the country, coming up with a affordable housing scheme was always going to be a welcome development, hence the birth of RPL’s Cedar Homes. This article showcases salient points that makes Cedar Homes a worthy investment for most Nigerians. Despite the concentration of public housing scheme in Lagos state many ...

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New Regional Master Plan For Ikorodu Proposed

Master plan

The upgrade of Ikorodu township, a rapidly expanding settlement in Lagos State, to a contemporary eco-city development is in top gear as the government’s consultant has unveiled a new and ambitious programme to review the city’s spatial dynamics. The coming master plan hopes to cover a period of 20 years from 2016 to 2036. So far, the State’s Ministry of ...

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Rising Number of Vacant Houses In Ikoyi Raises Concerns

monthly rent payment

There is increasing concern over the rising number of vacant houses in the highbrow Ikoyi area of Lagos with a report estimating over 70 per cent of properties therein. What could be responsible for this? Why are the properties being abandoned?  A real estate developer and Chief Executive Officer of Sujimoto Construction, Mr. Sijibomi Ogundele, said the rise in the number ...

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Nigeria’s Real Estate Market Not Organised – Coker

real estate market

The Managing Director of Previs, a special purpose vehicle by James Cubitt Developments, Mr. Peter Coker, has said that the country’s real estate market is highly fragmented, and gets worse from the premium to the mid-market and low income housing cadre. Coker, who spoke at the unveiling of Previs, a company designed to provide properties to professionals and mid-sized companies, ...

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7 Steps To Getting Started In Property Investment

Property Investment

When it comes to property investment, it is something most people think about. It is probably the only business venture that is risk free once it’s legit. Yet for many when push comes to shove, you get stopped. It’s not surprising that a lot of people get overwhelmed by the process and quit before they even begin. But it doesn’t ...

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Estate Surveyors Have So Much To Give – Offiong Ukpong

Estate Surveyors

The Lagos State branch of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) is championing the establishment of office of the valuer-general and regulation of estate agency practice. In this interview, the State chairman and managing director, Niger Insurance Properties Limited, OFFIONG SAMUEL UKPONG, explained to The Guardian’s HAPPINESS OTOKHINE, why the institution is promoting a bill to empower ...

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