Barely two weeks after the Lagos State Governor, Akinwunmi Ambode signed the new Land Use Charge Law which was passed on January 28, 2018, by the State House of Assembly, to repeal and replace the Land Use Charge Law 2001. Payment of the new charge has commenced in earnest at the Opebi Branch of the Guaranty Trust Bank Plc, (GTB), Ikeja. ...

Governor Yahaya Bello of Kogi State first announced that his administration was going to embrace the establishment of Fulani herdsmen (cattle colonies) in the state, the people of Kogi reacted to the idea with mixed feelings. But recently, the state government explained the philosophy behind its decision. Abdulkarim Abdulmalik, director-general, Kogi State Information Services and Grassroots Sensitisation, has disclosed that ...

The Federal Executive Council (FEC) has approved N2.2 billion for the reconstruction and rehabilitation of the Bill Clinton Airport road in the Federal Capital Territory. The Council also approved N273 million for the procurement of ‘field materials’ for the FCT Water Board in its quest to provide potable water in the Federal Capital Territory. This was made known in a ...

Some Nigerian celebrities including Jide Kosoko, Yemi Solade and Taiwo Akinsola have harped on the need for Nigerians to own landed properties toward having a roof over their heads. They spoke at the Love and Investment Dinner organised by Merit Abode Nigeria Limited, where a couple of the Year was crowned. Couples and other guests at the party, held in ...

The fight over the estate of late Nigerian music producer and singer, Babatunde Okungbowa otherwise known as OJB Jezreel seems to be getting messier. LIB reported that the late singer’s brother, Albert Okungbowa, has sued OJB’s first wife over the 5-bedroom property. The crisis which occurred last month revealed details of how the property located on Gbaja street, Surulere, Lagos ...

The Federal Government has made provision to deliver 3,500 housing units in the 2018 Budget estimates. Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola, disclosed this when he declared open the 3rd national Real Estate Summit in Abuja recently. Fashola also said that the construction of over 2700 housing units began in 2017, would be delivered soon. The ...

Poised to empower young Nigerians in creating wealth and bridging the widening rate of unemployment, a real estate development company, Alpha Mead Development Company (AMDC), a subsidiary of Alpha Mead Group, has re-launched its youth empowerment programme in Lagos known as the 5Star Partners. The programme is a sales network initiated for real estate professionals, who are tired of doing ...

Mr Adeniyi Akinlusi, President, Mortgage Banking Association of Nigeria (MBAN), on Wednesday urged exploration of the potentials in the real estate sector to aid economic development and alleviate poverty. Akinlusi, who made the call in an interview with the News Agency of Nigeria (NAN) in Lagos, said that there were untapped resources in the real estate and construction industry. He ...

The Godfrey Okoye University, Enugu has appreciated Governor Ifeanyi Ugwuanyi of Enugu state for releasing funds for the construction of an access road to its permanent site. The authorities and students of the university, led by its vice chancellor, Prof. Christian Anieke, yesterday paid a “thank you” visit to the governor to express the appreciation. The governor had released the ...

Nigeria’s Dangote Group has signed a deal to commence the building of integrated sugar plants in six states in Nigeria. The Chairman of the group, who is also Africa’s richest man, Alhaji Aliko Dangote, made the announcement at a forum in Lagos to honour major distributors of Dangote Foods in Lagos on Thursday. He said that the plants, expected to ...