Real Estate News

“As part of efforts of the Lagos state government to bridge the housing gap in the state with its Rent-to-Own initiative through which the state allocates a minimum of 200 housing units to its citizenry on monthly basis, a total of 500 housing units have so far been allocated in an exercise that commenced two and half months ago.”- Vanguard Hundred ...

Signal reports that Senate President Bukola Saraki and Justice Sylvester Ngwuta of the Supreme Court, among other defendants currently being prosecuted before the Code of Conduct Tribunal, CCT may have their properties, which are subject of the charges preferred against them, temporality forfeited pending the final determination of their cases. This is according to the CCT’s new Practice Direction, 2017, ...

According to Premium Times, the Head of Service of the Federation, Winifred Oyo-Ita, has promised to give a house to the couple that recently welcomed a set of quintuplets at the National Hospital, Abuja. The quintuplets, all girls, were born on April 12, 2017. The couple presently reside in a one bedroom apartment at Lugbe on Airport Road, in Abuja. ...

“Hopes of affordable housing brightened at the weekend as the Minister of Finance, Mrs Kemi Adeosun met with international finance Institutions at the World Bank Spring Meetings to fine-tune arrangements on how Nigerians can enjoy affordable housing.”- The Sun Speaking at a forum, Adeosun said: “Delivering affordable housing is critical to the delivery of our reform agenda and it is ...

“This is not the best of times for the engineering profession, as three of its members are being reprimanded in Delta and Ebonyi States for ineffective supervision and poor project execution.”- The Guardian The Delta State Government sanctioned two engineers for the ongoing Ukwunzu Road project while in Ebonyi State, Governor David Umahi directed the suspension of another engineer for ...

“Plans to remove barriers hampering aspiring home owners have been kick-started by the Ogun State Property and Investment Corporation (OPIC), with the launch of the first phase of OPIC’s affordable housing units in New Makun City, Ogun State. The project would deliver 400 houses before the end of the year through technologically based building method under the Nigeria Mortgage Refinancing ...

The Tide reports that the Lagos Chamber of Commerce and Industry (LCCI) has appealed to the National Assembly to pass the numerous real estate bills before it to boost the growth of the sector. Its President, Mrs Nike Akande,  made the appeal at the inauguration of the LCCI Real Estate Group in Lagos, Friday. Akande said that the real estate ...

The Guardian reports that fresh policy changes may be in the offing in few months time that would pave way for the return of professional indemnity insurance (PII) policy in the estate surveying and valuation field. The Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) is driving the new initiative that acts as a tool for enforcing professional competence ...

“To check corruption induced by inflated project costs in the construction industry, the Quantity Surveyors Registration Board of Nigeria (QSRBN) has called for the establishment of a national construction cost database.”- The Guardian The proposed costing templates will be for all categories of construction projects. Such templates should create a cost bands/ ranges for roads, bridges, railways, public buildings, and ...

“Forget the fact that Emmanuel Emenike has been jumping from one club to another in recent times, and may soon return to the EPL to continue his career back home. The striker has proven beyond reasonable doubts that he’s not only skilled in the round leather game but he is also a business man. Though he’s romantically linked with female ...