Real Estate News

“The affordable housing and property market is one segment most real estate developers avoid for various reasons, but which once surmounted could sprint fortunes, said Mr. Kola Ashiru-Balogun, Managing Director of Mixta Nigeria, a company of ARM.” – This Day ARM acquired Mixta Africa and it renamed ARM Properties Mixta Nigeria and what they have done since then, according to ...

The management of Little Palace Hotel, has accused the Nigerian Army of invading and forcefully taking over its facility. Little Palace hotel is located at Ishawo, Ikorodu, Lagos State. According to Punch, it alleged that the manager of the hotel, Friday Imhanzuria, was arrested and detained for over two months at the Nigerian Navy Base, Apapa, for demanding the reopening of ...

“Lagos and Abuja ranked 29th and 59th respectively as the most expensive cities to live in a 2017 global cost of living survey. The 23rd Cost of Living Survey carried out by Mercer, the world’s largest human resource consulting firm, found that African, Asian, and European cities dominated the 2017 list of most expensive locations for working abroad. According to ...

The Nation reports that the Soremekun Fletcher family has debunked the claims that it has no title to the Ofada land in Ogun State in a suit with Baale Rabiu Adewunmi and 13 others. At a media briefing in Lagos, the family’s lawyer Chief Adekunle Funmilayo said the Appeal Court in Ibadan, the Oyo State capital, affirmed High Court’s decision ...

“The Bayelsa State government has offered to provide land for the Nigerian Agip Oil Company to build its corporate office and residential quarters in Yenagoa the state capital.” TVC News The offer was gladly accepted by the managing director of the company, Massimo Insulla who was in Yenagoa where both parties made commitments to work together for the success of ...

“Developers under the aegis of Real Estate Developers Association of Nigeria (REDAN), South West Zone, have condemned the action or inaction, negligence, lack of professionalism, etc, that have led to the series of building collapse incidents in Nigeria.” –Business Day The country has, in the last six months, witnessed several cases of building collapse with Lagos leading the pack having ...

“The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has expressed concern over the gridlock being experienced by petroleum tankers and articulated vehicles as a result of the ongoing reconstruction on Apapa-Wharf  road, Lagos.”- The Cable Tokunbo Korodo, the south-west chairman of the union in an interview with NAN in Lagos on Thursday, noted that the gridlock may result in ...

“A scheme aimed at inspiring  the younger generation of Nigerians to key into mortgage process, immediately after  they begin work or business, has been initiated. The scheme will also give fresh hope to more Nigerians for housing.”- The Nation This is coming with the commencement of the Federal Government’s housing initiative tagged: ‘My Own Home.’ The scheme is an offshoot ...

“A high chief in the palace of the Oba of Benin, Chief John Osamede Adun, has been docked before an Egor Magistrate Court for alleged forgery and destruction of building worth N22m.”- The Nation Chief Adun who is popularly known as ‘Bob Izua’ was arraigned alongside two others on six count charges bothering on forgery of documents, procuring execution of ...

The Nation reports that over 300 houses are affected by the flooding that accompanied the Tuesday five-hour downpour in Ibadan, the Oyo State capital, the National Emergency Management Agency (NEMA) said yesterday. Its Southwest Zonal Coordinator, Mr. Yakubu Sulaimon, spoke during an inspection of the affected area in company of Oyo State Deputy Governor Moses Alake Adeyemo. Sulaimon said the ...