The suit instituted by The Nigeria Stock Exchange (NSE) against its former Director General, Nididi Okereke Onyiuke and others to recover a building alleged to have been acquired illegally has been adjourned till 1st of March, 2016 for either report of settlement or hearing. Others joined as co-defendants in the ensuing property recovery suit are former Assistant-Director General of the ...

Shelter Afrique (SAf), a Pan-African housing finance and development agency, has signed an agreement with a real estate development company, CMB Building Maintenance and Investment Company Limited. The agreement, signed at the headquarters of the financial institution in Kenya, will provide a loan of N3.3 billion to the firms. SAF’s Managing Director Mr. James Mugerwa and Managing Director of CMB, ...

Realtor Knight Frank projects that Kenya will attract more foreign real estate investors seeking growth opportunities in the fast-growing African cities due to its investment hub status. Knight Frank’s Africa Hotspots bulletin states that these investors will increase their investments in Nairobi’s real estate market up to 2019, mainly banking on the projected rise in population and high spending patterns ...

Jonathan Millard, Chief Operating Officer, Troloppe Property Services joins CNBC Africa to talk Lagos Real Estate Realities. According to the Central Bank of Nigeria, the Lagos real estate sector is valued at 45.6 US dollar billion, 8 per cent of Nigeria’s GDP. In the challenging business environment, the rapid changes in real estate in Lagos, present opportunities and risks for ...

The Real Estate Developers Association of Nigeria (REDAN) has finalised arrangement to organise workshop for stakeholders in real estate sector in collaboration with the Center for Housing Studies, University of Lagos. The 2-day event which is proudly supported by the Housing Programme on AIT Abuja and Housing Time on Raypower would be declared open by the Minister of Power, Works ...

This article tells you what you should know and subsequently do to access an estate developer’s loan in Nigeria. It is a long process in gaining access to funds for that estate development project.  Estate developers in Nigeria have one major constraint and that is the cost of acquiring land which is the first stage on a somewhat tumultuous path ...

In the day time, Ikeja Along, a bus stop in the Ikeja Local Government Area, is a popular destination for trains, vehicles, commuters, petty traders and many more. The mix and noises it generates make the place ‘thick’. But the picture is different during night time, when traders set up “shops’’ and mannequins on the Ikeja railway line as shown ...

In almost the same measure, tributes and concerns have trailed the state government’s decision to install streetlights on major roads across the state. The lightings, which are currently being deployed in phases, are eliciting excitement and anxiety in residents who have expressed doubts about the sustainability of the project. The government had planned to install streetlights in specific places, including ...

The Lagos State Commissioner for Women Affairs and Poverty Alleviation, Mrs. Lola Akande, has said that the state government plans to establish an Institute for Caregivers which is aimed at training people to become care givers in the state. Akande, who made this known while receiving the leadership staff of the Office of the Public Defender in her office. According ...

Finding a bad landlord isn’t hard at all especially in Lagos. Bad landlords have a reputation that shapes the face of their entire neighbourhood. This article reveals signs that tell your landlord is a bad person. Dealing with a terrible landlord is worse than having a boss you will never be able to please. There are so many bad landlords ...