Real Estate News

A well-known Chinese climber has died while performing one of his trademark daredevil skyscraper stunts. Wu Yongning had amassed thousands of followers on the social network Weibo for his dramatic short videos showing him perched atop tall buildings without the use of safety equipment. Concern grew among his fans when he stopped posting updates in November. It has now emerged ...

Some stakeholders in the housing sector on Tuesday in Abuja called for stiffer penalties against violators of the National Housing Fund (NHF) Act. They made the call at a two-day public hearing on a motion on the need to ensure full compliance with the National Housing Fund Act for effective housing delivery in Nigeria. Mr Oluseyi Lufadeju, a trustee at ...

Mr. Olayinka Sonaike, the Chairman, Estate Surveyors and Valuers Registration Board of Nigeria, on Tuesday, slumped and died as he readied himself to deliver a lecture at a public event in Abuja. The 74-year-old surveyor, one of the resource persons invited by the ICPC to speak at a one-day colloquium died while delivering his speech at the headquarters of the ...

Speaker of the House of Representatives, Hon. Yakubu Dogara has called for increased private sector participation in order to address the national housing deficit and pledged the commitment of the House towards enacting the required legislation. Speaking at a public hearing by the House Committee on Housing on a motion and four bills related to the National Housing Fund and ...

An Awka High Court, presided over by Justice Dennis Mmaduechesi on Monday adjourned till March 12, 2018 for a pre-trial conference on a matter involving  Bianca, the widow of the late Igbo leader, Dim Chukwuemeka Odumegwu Ojukwu and others over the family property. The case involved the sharing of the late Sir Louis Ojukwu’s property. Sir Louis Ojukwu, who died ...

Former Chief Executive Officer and Managing Director of Asset Management Corporation of Nigeria (AMCON), Mustafa Chike-Obi has called for adjustment in the tax benefit of Real Estate Investment Trust (REIT) to encourage investments in the real estate sector. Chike-Obi, who spoke at the maiden edition of Fusion of Real Estate, Interior Design and Art (FREIA) conference held in Lagos, stressed ...

The Federal Government on Tuesday completed the final handing over of the Presidential Lodge, Marina to the Lagos State Government about twenty years after the journey to actualize it commenced. Speaking at the brief but impressive handing over ceremony, held at the Conference Room of Federal Ministry of Works, Power and Housing in Abuja, Lagos State Governor, Mr. Akinwunmi Ambode ...

A Lagos based lawyer, ToluwaniAdebiyi has urged the government to stop the proposed 61.5 percent increment of electricity tariff. According to him, the increment of the tariff will infuriate and pitch the people against the government. Speaking at the Nigerian Labour Congress (NLC) House in Yaba, recently, Adebiyi said the economic recession has done enough damage to the image of ...

Experts have identified ways of strengthening the whistleblowing policy of the Federal Government as well as other means of tracing property and investments linked to proceeds of bribery and corruption. The experts spoke at a recent training conference on tracking noxious funds, which held both in Lagos and Abuja. The conference was organized by the University of Kent, The McArthur ...

The Chief Executive Officer of real estate investment firm, Broll Nigeria, Mr. Bolaji Edu, says real estate is a viable industry for economic diversification. At the recently held West African Property Investment Summit 2017 in Lagos, where Broll was the platinum sponsor, Edu said Nigeria had heightened investment potential among the comity of nations as the real estate industry was ...