Real Estate News

A 34-year-old real estate agent, Michael Komolafe, who allegedly stole N256,000 from a Police Inspector, was, yesterday, arraigned before an Igbosere Magistrate’s Court, Lagos. The defendant, whose residential address was not given, is facing a one-count charge of stealing, preferred against him by the Police. The prosecutor, Sergeant Cyriacus Osuji, told the court that the defendant committed the alleged offence ...

According to a report in Vanguard, The Road Transport Employers Association of Nigeria (RTEAN) has advised the Federal Road Safety Corps (FRSC) to begin enforcement of speed limiting devices on private vehicles to reduce accidents. Alhaji Musa Muhammed, RTEAN Chairman in Lagos State, gave the advice in an interview with newsmen on Wednesday in Lagos. According to him, enforcing speed ...

Lagos state is unique in many ways. It is the most populous state of Nigeria and is the leading non-oil sector contributor to the country’s Gross Domestic product (GDP). In this piece, Biodun Onayele writes about Lagos and the evolution of Onyingbo market. In 2006, Lagos contributed 30% of the nation’s GDP, consumed more than 60% of its energy, paid 65% ...

Feeling comfortable with a real estate transaction is the easiest way to ensure that you have a positive experience, whether it be as buyer or seller. Knowing what is going on and taking an active role in the proceedings of your real estate transaction will give you the peace of mind necessary to erase some of the worries and doubt ...

“The Association of Nigerian Electricity Distributors (ANED) has called on Nigerians to pay their electricity bills promptly as non-payment of electricity bills would worsen the irregular power supply in Nigeria” – PM NEWS Mr Sunday Oduntan, its Executive Director (Research and Advocacy), said in a statement in Lagos that lack of steady power supply had hindered the development of the ...

The Lagos State Government on Monday directed all its revenue agencies to ensure prompt payment of taxes and also commence enforcement of payment by all tax defaulters with immediate effect. Commissioner for Information and Strategy, Mr. Steve Ayorinde, in a statement, lamented that many residents were not fulfilling their civic obligation of paying their taxes and that the prevailing situation ...

Guardian reports that to address the real estate market in a more focused way, experts have called for stratification of the sector to ensure social and affordable housing. Stakeholders of real estate spoke at the 2017 yearly Real Estate Unite summit in Lagos, according to them, there is still huge opportunities for the real estate industry if the right things are done. The summit has as its topic: “ Africa’s ...

All is now set for the first ever Ghana Property Show in Nigeria, with a delegation of over 15 leading Ghanaian real estate companies billed to showcase participate , and showcase high quality Ghanaian housing expertise. This is according to a report on Daily Times. Expected at the fair scheduled to hold on 9th December, 2017, at the Federal Palace ...

The World Bank this week produced their annual Doing Business report. It doesn’t tell you where to invest, but it does tell you exactly how easy or hard it might be and which hurdles (or lack of) you can expect to find when you get there. Ranking each country and their progress over time is an intriguing academic exercise, but does it tell investors ...

Cisco Systems, a global leader in networking and information technology solutions has introduced an innovative, smart and connected building technology solution that will further drive real estate business. The technology solution is coming at a time when most states in Nigeria are planning towards smart and connected cities that are driven by Internet of Things (IoTs) and Artificial Intelligence (AI). ...