Real Estate News

Enamoured by the improvement of Nigeria’s ranking in the ease of doing business index recently released by the World Bank, Minister of Works and Housing, Mr. Babatunde Fashola, yesterday demanded more active roles from state governments to ensure a better experience for citizens. Fashola, who was the guest speaker at a stakeholders’ engagement forum by the Lagos State Real Estate ...

Nigerian Ajayi Adeniyi Olugbenga, one of the 60 Nigerian engineers being trained in China, is enthusiastic about learning advanced manufacturing and maintenance technology in the industrial city of Anshan, Liaoning province. The 41-year-old engineer arrived in August to Northeast China’s Liaoning province for six months training of theory, transformer design and equipment maintenance, reported China Daily. To upgrade Nigeria’s power ...

Governor Seyi Makinde has ordered the contractor handling over N65 billion Naira Construction of Ibadan Circular road to stop work at the site with immediate effect. The Governor gave the order this Thursday after paying on-the-spot inspection to the ongoing construction of the Ibadan Circular road. Governor Makinde expressed displeasure over the level of work done at the site despite ...

The Minister of Works and Housing, Mr. Babatunde Fashola, on Wednesday, said that the ministry would soon commence the sale of housing units built under the National Housing Programme nationwide. He said that this would be done through an online subscription to allow for transparency and reduce human interference to the barest in the allocation process. Fashola said this at ...

Lagos State Government, on Wednesday, launched a Real Estate Transaction portal to curb fraudulent practices in the real estate business. Governor Babajide Sanwo-Olu unveiled the portal at a stakeholders’ meeting held at Eko Hotel & Suites in Victoria Island. The portal, the Governor said, will secure investments in property market by checkmating unscrupulous dealings in transactional process. It will also ...

The 3rd Nigeria Affordable Housing Finance & Innovation Summit & Expo (NAHFIS) is set to take place on the 13-14 November 2019 at NAF Conference Centre, Abuja. The Theme of the 2019 Summit is “Innovative Solution for Large Scale Delivery of Affordable Housing” with Sub Theme: “Delivering Affordable Housing Through Cooperatives.” The Summit will explore financial, technological and cooperative innovation ...

The Federal government has given China Civil Engineering Construction Corporation (CCECC) till November 25th to complete the construction of the 7 minor stations on the Lagos-Ibadan rail project and also to complete the construction of the rail tracks from Iju to Ebute Metta, kilometre 20 to kilometre 4. Reports show that after an inspection of the project at Kajorla Ogun ...

The Lagos State Emergency Management Agency (LASEMA), during overnight operation on Thursday, rescued five victims in another collapsed building in Ojuelegba area of Surulere. The Chief Executive Officer, LASEMA, Dr. Oluwafemi Oke-Osanyintolu, who confirmed this to newsmen said the victims were rescued after the building was pulled down to ground zero about 11 p.m. Oke-Osanyintolu said the accident occurred at 9.15 ...

The Economic and Financial Crimes Commission, EFCC at the weekend arraigned one Joseph Idakho alongside his company, Zamtrac Management, and City Investment Limited, before Justice D. Z. Senchi of the Federal Capital Territory, FCT, High Court, Jabi, Abuja, for alleged conspiracy, forgery and criminal breach of trust. He allegedly defrauded one Hajiya Halima Babangida in a real estate development transaction ...

Family Homes Funds, Nigeria’s largest Social Housing Fund has signed a Memorandum of Understanding (MoU) with Africa’s premier Housing Finance Institution, Shelter Afrique towards building more affordable homes in Nigeria. The MoU signed in Abuja by the Managing Director/Chief Executive Officer of Family Homes Funds, Mr. Femi Adewole and Shelter Afrique’s Chief Executive Officer, Mr. Andrew Chimphondah provides a well-suited ...