Real Estate News

Experts in the realty sub-sector have revealed that a conducive and energised housing sector could boost Nigeria’s economic recovery strategies. They made the submissions through a housing development group platform in Abuja. A real estate expert, Mr. Victor Mayowa wondered why federal government is yet to understand that a virile housing sector is critical to economic recovery. He lamented that ...

The African Development Bank (AfDB) on Tuesday pledged to work with multilateral institutions and private sector operators to assist Nigeria bridge the infrastructure gap in the country. Nigeria’s cumulative infrastructure financing estimated at about $100 billion annually are projected to reach $3 trillion by 2044. The Senior Director, AfDB Nigeria, Ebrima Faal, said during the Africa Investment Forum (AIF) Roadshow ...

Nigeria currently has 17 million housing deficit and would require building one million housing units yearly to bridge the gap in 20 years Vice President of Nigeria, Professor Yemi Osinbajo, and the Minister of Power, Work and Housing, Mr. Babatunde Fashola, will be leading other international experts, chief executives of real estate companies and mortgage institutions to seek solutions to ...

A group of persons, mainly deaf and dumb, on Monday, carried out a peaceful protest around Oyo state government house. They reacted against what they called “illegal acquisition of 20 acres from 39 acres of their land by the Oyo State government”. Mr. Silas Ike who is the National Chairman of the Board of Trustees (BoT) of Christian Mission for ...

NIGERIA Mortgage Refinancing Company (NMRC) Monday urged state governors to lighten the process of granting consent to property development. Speaking at a conference on seeking finance for the mortgage in Nigeria which held in Abuja, a director at NMRC, Mrs. Chii Akporji said modern mortgage requires certain steps that state governments need to take in order to create the enabling ...

Vandals suspected to be members of the Nigeria Labour Congress (NLC), had attacked various MTN offices around the country in the name of picketing and injured staff. MTN Nigeria had been involved in protracted talks with the trade union to reach an amicable decision, all to no avail. Confirming the attack and vandalisation of some properties for the company, Corporate ...

Mr. Francis Nwufoh, the Advisory Board Director, Whiteplains British School (WBS), Jabi, Abuja has appealed to the Federal High Court to find a lasting solution to the ongoing dispute on a property between First Bank Plc and the school management. The Director whose school matter was before Justice Binta Nyako of the Federal High Court equally appealed to the Economic ...

The management of Cozy World Hotels Ltd, Acme Road, Agindigbi, Ikeja area of Lagos has dragged three former managers of the hotel before a Lagos Magistrate’s Court for allegedly damaging their properties valued at N45m, forgery of documents, stealing and threat to life. The management of the Hotel also accused the former managers of allegedly converting their properties to their ...

BERSAMA, an emerging investment co-op in Nigeria is calling for Partnership with Real Estate Entrepreneurs across Nigeria. The BERSAMA Multipurpose Cooperative Society is recruiting partner organizations and enterprises to work together in a bid to expand to more states in Nigeria. We seek leaders who can champion the BERSAMA movement across 16 cities of the Nigerian federation. Are you self ...

Nollywood star actress, and single mother of one, Genevieve Nnaji has been getting congratulatory messages from folks on her social media pages following the alleged completion of her Abuja estate. She had shared the photo of the building two years ago while it was still undergoing construction in Apo Dutse in Abuja and so decided to also share its photo ...