The real estate developer China Vanke plans to pay about $1.9 billion to the American private equity group Blackstone for commercial properties, the developer said on Tuesday. Vanke said in a Hong Kong Stock Exchange filing that other partners were involved in the deal, but did not identify who they were. It will contribute about 3.9 billion renminbi, or about ...

Nigerians are eager to know how a Nigerian Army General saved the sum of $1.5 million from his earnings as a soldier that he purportedly used to buy expensive real estate property in the United Arab Emirates. Among the many Nigerians are the Nigerian civil society and the Coalition against Corrupt Leaders (CACOL).  A petition was sent on Wednesday to the Economic ...

A two-storey building under construction at Ndiagu in Idemili North Local Government Area of Anambra has collapsed, killing three artisans. The News Agency of Nigeria (NAN) reports that the incident occurred at about 8a.m. on Wednesday. A witness told NAN that three other persons, who sustained severe injuries, were taken to a nearby hospital for treatment. Those that rushed to ...

The Nigerian Mortgage Refinancing Company on Tuesday in Abuja said it had so far injected the sum of N6 billion to the mortgage market in order to reduce the housing deficit in the country. The Managing Director of NMRC, Prof. Charles Inyangete, gave the figure while speaking during the signing of a Memorandum of Understanding between the agency and the ...

The Economic and Financial Crimes Commission (EFCC) yesterday sealed the offices of The First Group Company, a real estate firm located on the seventh-floor of the Bank of Industry building in the Central Business District, Abuja. Those familiar with the matter said the EFCC moved against the company following complaints that it was engaged in a phony real estate scam ...

BCL Limited has sued the Nigerian Air Force (NAF) at the Federal High Court, Lagos, for N1billion over its continued occupation of a property at No. 13B Reeves Road, Ikoyi, Lagos, belonging to BCL Limited. Aside from NAF, other defendants in the suit include the Chief of Air Staff, NAF Investment Limited, Commander 107 NAF Camp, Victoria Island Lagos, Federal ...

Do you know that the housing demand estimate in Lagos state is roughly 4.4 million units, the estimated current supply of housing in the state is 1,417,588 units, and the estimated gap between housing demand and supply for Lagos state is roughly 3 million units. With an annual population growth rate estimated at 6-8%, Lagos is considered the fastest growing ...

Did you know that you can turn your homes into an ocean floor or an incredible beach scene with the aid of amazing 3D floor tiles? This new trend of flooring has given a whole new dimension to home decor. There is a new decorating trend of 3D floor tiles that can turn kitchens and bathrooms into amazing landscapes. These ...

Martins was in a state of complete disarray, he had planned how his day was going to pan out and his present dilemma did not fall into that equation. But like they say, man proposes, God disposes. No one ever plans for improbable occurrences and that is why bad things happen to both good and bad people. These days sef! ...

There are fresh increases in the prices of cement-based products effected recently by the manufacturers. The prices of cement were recently reduced by Dangote Cement Plc, a leading producer of cement in the country by approximately 40 per cent. The move by the market leader slashed cement prices from about N2, 000 or N1, 850 to a price as low ...