Real Estate News

The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has moved to standardize the practice of valuation and review existing scale of fees in the country. The Guardian reports that under the proposed plan, NIESV is preparing a professional practice manual, to be known  “Green Book”, and a committee has already been set up to work on the new scale of fees ...

As part of efforts towards restoring sanity and safety in the building and construction industry in Lagos State, Lagos State Building Control Agency (LASBCA) has commenced a massive clampdown on property owners without building permits. The Guardian reports that the four-day exercise, which started last week in collaboration with the Ministry of Physical Planning and Urban Development began in Eti-Osa Local ...

Several professionals and experts have talked about the principle role the media can play in the protection of the environment, the preservation of nature and the fight against climate change. The Guardian reports that delegates, experts, journalists and reporters met at an event organized by the High Authority of Audiovisual Communication in the Green Zone at COP22. The aim is ...

The Nation reports that the Senate is seeking the reservation of at least 20 per cent of the country’s annual budgets for constituency projects. This followed the unanimous approval for second reading of a Bill for an Act to provide for Constituency Projects in the annual budget of the Federation and for other matters connected therewith, 2016. If passed and ...

The Minister of the Federal Capital Territory (FCT), Mohammed Musa Bello, has announced plans to begin a review of the Abuja masterplan, which was adopted in 1979. The Guardian reports that the minister spoke during an interactive session with the House of Representatives Committee on FCT, headed by Herman Hembe (APC, Benue). He said the ministry would hold a stakeholders’ ...

Governor of Akwa Ibom State, Udom Emmanuel, has performed the official foundation laying ceremony for the establishment of a 5000 barrel refinery located in Ikwe community, in Onna Local Government Area in the State. Vanguard reports that Emmanuel, who was represented  by Chairman, Foreign Direct Investment Committee, Mr. Gabriel Ukpeh, appreciated the management of Ikwe-Onna Refinery Limited for keying into his ...

Vanguard reports that divorce cases and landlords against tenants disputes, came top in a total of 22,389 issues recorded and resolved this year alone by the Citizens Mediation Centre, CMC in Lagos State. Lagos State Governor, Mr. Akinwunmi Ambode. Also recorded were issues involving employee/employers, funds disputes and others. Vanguard reports that the statistics was disclosed yesterday by Director of Citizens ...

New Telegraph reports that the House of Representatives has rejected the Federal Government’s ban on the importation of vehicles through land borders scheduled to take effect from January 1, 2017. It urged the executive to suspend the policy. According to New Telegraph, the Green Chamber, instead, advised the federal government to ensure that the law enforcement agencies, especially those working ...

Lagos State Governor, Akinwunmi Ambode, on Thursday, urged residents to take advantage of the state’s Rent-To-Own and Rental Housing policy to become house owners and address housing problems in the state. Vanguard reports that Ambode, represented by his Deputy, Dr Idiat Adebule, made the call at the flag-off of the Rent-To-Own and Rental Housing policy in Sir Michael Otedola Estate, ...

Enugu State Governor,  Ifeanyi Ugwuanyi has appealed to the Federal Government to refund the over N22 billion the state spent on the repair of its roads, to enable it undertake other crucial development projects. The Nation reports that the governor spoke in Enugu when the House of Representatives Committee on Works visited him at the Government House. He decried the ...