The plan to relocate the corporate headquarters of the Federal Airports Authority of Nigeria (FAAN) may soon come to fruition as the Federal Government has made budgetary provision of N390m for the completion of the project. This is coming amidst mixed feelings in the aviation industry over the insistence by the government to relocate the headquarters of agency. Sirika had ...

There is this notion that real estate agents are hustlers who feed from hand to mouth…could it be true? I will tell you one thing; everyone hustles to make ends meet one way or the other. Albeit, feeding from hand to mouth is more a mindset than attributing it to any profession on earth talk less real estate agency. I ...

Hoodlums from a yet to be identified group at Idi-Arere/Sakapena area in Ibadan, Oyo State capital in the early hours of Sunday set over 20 houses on fire in what was described as a clash between two rival gangs in the area. The suspected troublemakers whose gang identity remained unknown as at Sunday morning but established that some of the ...

Right now in the Real Estate sector, there is palpable panic as to what is likely to happen during the 2019 elections. As you read this, many players have narrowed the presidential elections to a straight fight between President Muhammadu Buhari, the APC presidential candidate and Alhaji Atiku Abubakar of the PDP. It is generally believed that whoever emerges between ...

In the economic and investment front, the HSBC bank and a Swiss multinational investment bank, UBS’ exited the country; this did not send the right signals to the real estate investors’ community. A report released by HSBC pointed out that investor spend has been affected by the political uncertainties devolving from the 2019 elections, adding that it was closing down ...

Office of the Head of Service of the Federation (OHOSF) is to adopt the rent-to-own housing scheme developed by the Federal Mortgage Bank of Nigeria (FMBN) for allocation of houses under the Federal Integrated Staff Housing (FISH) programme to federal civil servants. The Head of Service of the Federation, Mrs. Winifred Oyo-Ita disclosed this at the public presentation of FISH ...

The President, Nigerian Institute of Building (NIOB), Mr. Kenneth Nduka, says the poor contribution of the construction industry to the country’s Gross Domestic Product should be blamed on corruption. Nduka said the industry’s performance in 2018 was poor when compared with the preceding years, despite its potential to create employment. “There is corruption in virtually every aspect of construction industry ...

The Lagos State Government has expressed worries over the rising number of religious worship centers in residential areas across the state. The Commissioner for the Environment, Mr. Babatunde Durosinmi-Etti, said he had observed with dismay the proliferation of religious worship centers and nite clubs in various residential areas, especially on the Victoria Island and Ikoyi metropolis and called for caution ...

Experts in the real estate industry are divided on how the industry will fare this year, considering certain economic indices that may determine its growth or lack of it. While some feel that there will be marginal growth, especially in the residential sub-sector, others see a bleak year for the industry. There are also some professionals who think that the ...

Nigeria Police has denied allegations that it plans to break into the Abuja residence of Nigeria lawmaker, Dino Melaye. Melaye, who represents Kogi South Senatorial district in the Nigerian Senate had alleged that Police officers brought tools to break into and vandalize his house. “Police bringing in toolboxes to break doors and vandalize my house. Police EOD truck just brought ...