Real Estate News

Reverse Mortgage Daily reports that the newly formed Finance of America Commercial will continue to serve real estate investors and operate alongside the holding company’s other lending arms, including Finance of America Reverse of Tulsa, Okla. and Finance of America Mortgage of Horsham, Pa. Sara Sefcovic, a spokesperson for Finance of America Holdings, said the company plans to foster overlap ...

“The fares for Bus Rapid Transit (BRT), LAGBUS and franchise buses have been increased”, reports Independent. “Commuters would also start paying more from March 1 as Governor Akinwunmi Ambode of Lagos state has approved the new fares.” “Addressing newsmen at Bagauda Kaltho Press Centre, Alausa, on Monday, February 13, Engr. Abiodun Dabiri, the managing director of the Lagos Metropolitan Area ...

Premium Times reports that the Economic and Financial Crimes Commission, EFCC, Ibadan zonal office, on Monday‎ executed the interim order granted by a Federal High Court, Ado-Ekiti, in respect of the property of Teedek Polytechnic, Ilogbo- Ekiti. The institution was allegedly being operated by Johnson Babalola, a former Principal Manager of the Central Bank of Nigeria, CBN, without the requisite ...

As reported by News 24, residents of Port Harcourt in Rivers State are not finding it easy to breath. For over eight weeks, the air residents of the oil city breath is rather becoming more poisonous than it gives life. Complaints had come from residents, as they wipe off soot from their wares, cars and other items every day. The government, ...

Business Day reports that Developers, investors, high net-worth individuals, private wealth managers, asset management top executives and real estate investors’ trust who will be gathering at a breakfast session in Lagos next week have been promised of exciting and fulfilling moment as Pat Utomi, an economist and thought leader, will be offering insights on the economy and how it impacts ...

As reported by Reuters, Dangote Group, controlled by Africa’s richest man Aliko Dangote, plans to launch a rice mill with a farm scheme in Nigeria. This is to tap growing demand for paddy in Africa’s biggest economy, the company said on Monday. Rice demand in Nigeria hit 6.3 million metric tonnes (MT) in 2015, with 2.3 million metric tonnes produced ...

Pulse reports that Ex-Minister of the Federal Capital Territory, Senator Bala Mohammed, and his son, Shamusideen Bala Mohammed will be forfeiting 10 of their properties to the Federal Government. In a recent report by Punch Newspaper, Bala and his son are to temporarily forfeit the properties as ordered by two high courts in Abuja. Also to be forfeited by Bala ...

Experts who gathered at the real estate outlook conference for 2017 have proffered a mixed economic outlook for the sector seen to be reflecting the current state of business activities in Nigeria, Pulse reports. According to the Managing Director, Alphacrux Limited, Tobi Adama, the sector in 2017 is still reeling from the effects of the economic downturn and the implications ...

The Convener, Coalition of Democrats for Electoral Reforms, Chief Ayo Opadokun, on Monday commended Lagos state government’s plan to ban Danfo buses from plying roads in the state, Punch reports. Opadokun said that reckless driving by Danfo drivers made life unbearable for everybody on Lagos roads. “They drive without adhering to traffic rules and regulations and they do it so ...

The Guardian reports that the Nigerian economy continues to suffer one of its worst recessions in recent history. Transaction in the Lagos real estate sector have remained slow since last year culminating in a fall in Lagos house prices. According to the Nigeria Bureau of Statistics (NBS), the Gross Domestic Product (GDP) recorded negative growth in the first two quarters of ...