Real Estate News

Abuja – A group, the African Union Economic, Social and Cultural Council {AU ECOSOCC} said it has developed a road map to engage and attract Nigerians and investors in the Diaspora for socio-economic development of the country. Addressing newsmen at the weekend in Abuja, Mrs. Chinwe Maduike, an International Consultant / Special Adviser on Investment, Diaspora and Development Partners to AU ECOSOCC ...

Fresh widespread opposition may await the Lagos State Government’s newly passed Land Use Charge bill; if indications emerging from the sector’s major players are anything to go by. The proposed law, which repealed the Land Use Charge Law 2001 and enacted Land Use Charge 2017 and For Connected Purposes, aimed at increasing the revenue generation base of the state by ...

As the upward review of toll increment at the Lekki and Ikoyi Link Bridge toll plazas took effect yesterday, some motorists plying the corridor have expressed mixed feelings over the issue. The Lekki Concession Company Limited (LCC) had announced that the toll increment was due to current economic and business realities that had impacted on the cost of servicing its ...

Governor Rochas Okorocha of Imo State has said that the state government would revoke the ownership of all unused lands especially those at the industrial layouts in the State, regretting that people acquired those lands and kept them for years without developing them but waiting to sell them at a very exorbitant prices. The Governor gave the hint when members ...

Alhaji Tasi’u Dandagoro, the state Commissioner for Housing, Works and Transport, made the disclosure in Katsina at a news briefing on the outcome of the State Executive Council meeting held on Thursday that the State Government has approved road contracts worth N15.6bn to transform Socio-economic activities across the State. He said that the projects covered the construction, completion, rehabilitation, asphalting, ...

The Federal Road Maintenance Agency (FERMA) in Bayelsa, on Thursday, said it had provided job(s) for no fewer than 200 unemployed youths in road maintenance. Mr Bolaji Ayoola, the FERMA Road Maintenance Engineer in the state, made this disclosure to the News Agency of Nigeria (NAN) in Yenagoa after inspecting some of the ongoing road projects in Bayelsa. He explained ...

Property worth millions of Naira was Wednesday night razed down by fire in Obudu local government area of Cross River State. The incident occurred at a compound known as Miki-Miki in Obudu. The fire burnt virtually everything in the building. DAILY POST gathered that there was no help from the Fire Service, neither was there running water from the State ...

A federal high court sitting in Lagos has ordered the final forfeiture of N28.5 million belonging to Anifowoshe Alade, a director in Lagos state civil service.. Alade is the director of accounts at the state’s Ministry of Public Works Corporation. Rilwan Aikawa, the presiding judge, also ordered the forfeiture of a number of houses and a piece of land belonging ...

The Lagos State Government has unveiled an electronic real estate litigation system, which it said would help improve Nigeria’s rating on the ease of doing business. The state government added that the platform was equally designed to provide easy access to information to both indigenous and foreign investors with plan to procure real estate or property in the state. The ...

Homework Development and Properties Limited has restored the trust foreign investors once had on the Nigerian real estate sector.   This was the major outcome of the recent conference organised by the Association of Nigerian Physicians in the Americas in Atlanta, Georgia, United States, where the Lagos-based leading real estate company showcased its affordable products and promoted the recent positive ...