Real Estate News

According to the National Bureau of Statistics (NBS), no fewer than 3,743 people died in road accidents in the last nine months. This NBS Road Transport Data for first, second and third quarters of the year showed that 1,466 people died in the first quarter, 1,207 in the second quarter and 1,070 in the third quarter. The data, however, indicated ...

The coastal city of Lagos is the largest city in both Nigeria and all of Africa, with a metro area population of 21 million. It is one of only three mega-cities — cities with a population exceeding 10 million — in Africa, and one of the fastest-growing cities in the world. The rapid pace of Lagos’ growth means the city’s ...

In a new move designed to reduce price and ease logistics inherent in the purchase of its products, the management of Dangote Cement Plc has signed a pact with the foremost e-commerce platform Jumia Nigeria to offer for sale its cement to customers online. At the unveiling of the deal in Lagos, Dangote Cement, Key Account Director, Chux Mogbolu said ...

The Federal Government says it has a record of 2,778 Nigerian migrants registered in “accessible” detention camps in Libya, ready for repatriation. The ministry stated that those registered were issued Emergency Travel Certificates. The ministry also explained that the embassy in collaboration with the International Organisation for Migration (IOM) repatriates 250 migrants weekly and had returned 3,000 of them so ...

Lagos State Governor, Akinwunmi Ambode has on Thursday said his administration’s target is to make Lagos the third largest economy in Africa, and they are working hard towards making that come to reality. According to the governor, that’s the reason his administration has been embarking on capacity building for the state’s public servants. Speaking at a Two-Day Workshop for public ...

As part of long-term plans to finance the 2018-2020 budgets, the Federal Government is readying plans to Sell National Theatre, Iganmu and Tafawa Balewa Square in Lagos Island are to be sold by the Federal Government. Apart from the National Arts Theatre, also to be sold are some selected power plants under the National Integrated Power Projects, NIPP. The Federal ...

Vice President Yemi Osinbajo on Monday said payment of high electricity tariffs is inevitable for Nigerian electricity users. Mr. Osinbajo said this while speaking at the Sixth Presidential Business Forum held at the old Banquet Hall of the Presidential Villa, Abuja. A statement signed by Laolu Akande, the vice president’s media aide, quoted Mr. Osinbajo as saying that the government ...

Nigeria is set to host the globally recognised real estate-focused West African Property Investment Summit (WAPI) this week in Lagos, and experts are insisting that Nigeria real estate market could finally turn the corner in 2018, after experiencing a downturn occasioned by the country’s economic recession. According to a statement which organisers of the WAPI sent to THISDAY Sunday in ...

Nigerians must use the hard lessons of the recent economic recession to build a sustainable economy based on diversification away from oil and the oil curse. This is according to The Minister of Industry, Trade and Investment, Okechukwu Enelamah, who gave this advice on Monday at a business dinner in honour of the U.S. Deputy Secretary of State, John Sullivan. ...

According to Jide Babalola of The Nation, business firms are moving out of Abuja, but if the authorities can reduce the taxes, and boost power supply and security, among other measures, investors will reconsider their stance. Unnecessary friction between government agencies, corruption and multiple taxation by Federal Capital Territory (FCT) agencies are major reasons why Nigerian and international investors and ...