Real Estate News

“The Lagos State Government on Sunday attributed the building collapse, which occurred at No. 7, Saidu Okeleji Street, Meiran in Agbado Oke-Odo Local Council Development Area (LCDA) on Saturday to heavy loads placed on the building and substandard materials used for the construction work.”- The Guardian Reacting to the collapse, the Commissioner for Physical Planning and Urban Development, Wasiu Anifowoshe, ...

“For the second year running, the Millard Fuller Foundation has won the award for the Affordable Housing Project of the Year 2017 at the just concluded 11th Abuja Housing Show/Nigeria Housing Awards organised by FESADEB Communications. The award event which took place in Abuja last week had in attendance professionals in the housing sector. The award was set up to ...

The Guardian reports that the Managing Director of a real estate investment company, A.J. Missri and Company Limited, Nze Edozie Okafor, has called for the intervention of Governor Akinwumni Ambode over alleged unlawful acquisition of the company’s landed property at No. 23, Breadfruit Street, Lagos by the State Urban Renewal Agency (LASURA). Nze Okafor told The Guardian that the appeal became ...

“Real Estate Investment Trusts (REITs) and workers cooperative societies were top of considerations as experts gathered in Abuja recently to discuss the way forward for affordable housing delivery in Nigeria.”- Business Day Though the REITs market is still evolving in this country, it is considered a good opportunity for financial intermediation in the housing sector and, according to the experts ...

According to Daily Post, Oyo State Government has called on the residents of the state to adopt peaceful means in resolving land disputes. Secretary to the State Government, Alhaji Olalekan Alli made the call on behalf of the state governor, Senator Abiola Ajimobi at a meeting of a sub-technical committee on Boundary and Communal Disputes, which held at the House ...

Pulse reports that The Federal Government of Nigeria (FGN) has announced it will begin mining of the rich bitumen deposits in the Ondo state This is towards diversifying the economy and boosting foreign exchange earnings of the country. The government has awarded a mining licence to the state government to explore a natural resource that in its opinion could be ...

The long-awaited Ikorodu-Arepo road project which will connect Agric area of Ikorodu to the Arepo area of Ogun State has finally taken off. This was made known at a stakeholders’ meeting held to sensitize the relevant stakeholders and community leaders on the need for their support and cooperation on the Ikorodu-Arepo road project. Governor Ambode, who was represented by the ...

“The Speaker of the House of Representatives, Hon. Yakubu Dogara, has expressed concerns over  17 million housing deficits in the country, stating that a comprehensive review of the laws governing mortgages has become imperative.”- Pulse The Speaker who made the remarks  on Monday, July 17, 2017, in Abuja, when he declared open the 11th Abuja Housing Show, disclosed that the legislature ...

The Nation reports that a Nigerian bus driver used a fake British passport so he could live in a council house for more than a decade, a court heard. Christopher Aghalibe, 53, allegedly submitted the document along with his application for housing to the London Borough of Barking and Dagenham in September 2000, according to a report by Mailonline. The ...

According to PM News, the Federal Government has begun limited repair of the Benin-Ekpoma- Okene Road and will carry out full rehabilitation of the failed portions of the road after the rainy season. Sen. Clifford Odia, Vice Chairman, Senate Committee on Works, made the disclosure on Tuesday in Benin when he led members of the committee on a courtesy visit ...