Real Estate News

According to Premium Times, the Nigerian government has granted Dangote Group 10-year tax incentive for the construction and rehabilitation of roads, Minister of Power, Works and Housing, Babatunde Fashola, has said. Mr. Fashola made this known while speaking at the Businessday Road Construction Summit, held in Victoria Island, Lagos, on Friday. Mr. Fashola, who disclosed that construction of the Apapa to Oworonshoki ...

“Desiring to create values under its corporate social responsibility programme, one of the leading real estate developers, Haven Homes has donated refuse bins to the Lagos State Parks and Gardens Agency (LASPARK).”- The Guardian reports. Making the donation on behalf of Haven Homes was its general manager, Mrs. Ufuoma Ilesanmi accompanied by the firm’s clients’ service officer, Mrs. Vivian Olowu. ...

“The Africa Network for Environment and Economic Justice (ANEEJ) commends the Economic and Financial Crime Commission (EFCC) for the rigorous work it has embarked upon in the investigation and review of ownership of several choice property dotting the nooks and crannies of Nigeria, and especially in Abuja.  We urge the commission to tighten all property ownership investigations. We make the ...

“The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele has identified various bottlenecks hindering genuine investors and by extension free flow of funds into the mortgage sector.”- This Day The central bank governor while delivering a keynote address at a workshop for judicial officers on mortgage, with the theme: ‘Mortgage Disputes in Nigeria: The Need for Expeditious Resolution of ...

“An Iyaganku Magistrates’ Court, Ibadan, on Wednesday, sentenced a teenager, Muyideen Nasiru, to 39 months imprisonment for stealing church’s property– aluminum frames and other items worth N500,000 from a church.” – The Nation The magistrate, Mrs. O.K. Omotosho, sentenced Nasiru after he pleaded guilty to a three-count charge of conspiracy, break-in and stealing. Omotosho said the convict should spend his ...

“A conference of stakeholders on national real estate data collation and management programme, organised by Real Estate Developers Association of Nigeria (REDAN) to reverse the dearth of data in the housing sector is bid to hold Thursday, September 28, 2017 in Abuja. A statement by REDAN’s National General Secretary, Mr. Goke Odunlami indicated that the focus of the conference is ...

“To get non-contributing Corporate Organisations to key into the National Housing Fund Scheme, the Federal Mortgage Bank of Nigeria (FMBN) has sought for partnership with the Federal Inland Revenue Service (FIRS) by accessing its database to obtain list of corporate organisations in the country and enhance NHF Scheme.”- This Day The Managing Director, FMBN, Ahmed Dangiwa, during a courtesy call on ...

This Day reports that the Transmission Company of Nigeria (TCN) has so far recorded 15 system collapses in 2017, indicating strong evidence of the weakness of the transmission infrastructure to wheel power from the generation companies to the distribution companies, THISDAY has learnt. According to the second quarter 2017 performance scorecard by the Nigerian Electricity Regulatory Commission (NERC), which was ...

The Nation reports that the management of Odu’a Investments Limited yesterday inaugurated a N500 million residential estate in Ibadan, Oyo State capital. This is the regional group’s first project for boosting real estate portfolios beyond the N7 billion mark. The project, called Ace Estate, sits on a 4,400-square metre land at highbrow Jericho Government Reserved Area (GRA). It consists of ...

“The Private Property Protection Taskforce set up by the Governor Obaseki-led administration has apprehended and handed over Mr Osarobo Idahosa to security agency for violating the law prohibiting forceful entry and illegal occupation of landed property in the state.”- The Nation The Vice Chairman of the Private Property Protection Taskforce, Chief Osaro Idah, disclosed this while briefing journalists on the activities of ...