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Nigerian, Chinese investors to boost real estate sector in the south west part of the country

In a move to boost the nation’s real estate industry, Nigerian investors are exploring opportunities with a Chinese firm to promote housing developments in the South West part of the country, especially Ondo, Osun and Ogun States. Senior officials of the Chinese firm, Messrs Sinafri-Hongye visited Nigeria last week to hold discussions with the private investors led by Niger-Sino and ...

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Reps urge ministry to supervise erosion

erosion

Members of the House Committee on Environment have urged the Federal Ministry of Environment to take the core responsibility of coordinating the Nigeria Erosion Watershed Management Project (NEWMAP), maintaining that environment remains the line ministry in the implementation of the project. They argued that stakeholders have made tremendous counterpart contributions towards the success of the project. For instance, World Bank has already ...

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Real Estate business in Nigeria is Challenging – Ubuwere

The Chief Executive Officer, Triumphant Gate Properties, Mr. Peter Ubuwere, has described the real estate business in the country as challenging. Ubuwere spoke during the allocation of 30 plots of land to one of its major subscribers to its Alexander Acres in Lekki in Lagos, C&I Co-operative Society. He said Real estate business in Nigeria is challenging but it is ...

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Foreign practitioners must show respect for local Architects – NIA chairman

NIA

Set to checkmate foreign incursion into its territory, the Nigerian Institute of Architects (NIA), Lagos Chapter has begun extensive audit of all projects going on in the state. This is specifically to ensure that no foreign counterpart practices in Nigeria without fully complying with the International Union of Architects (UIA) Professional Practice Accord, and where deliberate disobedience to the pact ...

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Borno: Land dispute resolved by supreme court

borno

Faulting some of the claims and a certificate of occupancy said to have been issued to a dead man, the Supreme Court of Nigeria has dismissed an appeal seeking to claim ownership of a parcel of landed property in Borno State. The landed property is situated at Bolori in Maiduguri Metropolitan area of Borno State, which land is bounded by ...

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More women are thinking real estate

lamudi tanzania

In a statement made by online property portal, Lamudi Tanzania limited to mark International women’s day on Sunday, it was said that women are increasingly undoing blockades to the once male dominated real estate ownership, management and dealing. Quoting a Dar es Salaam based real estate broker, Lamudi said despite facing hostilities from male peers in the field, she is ...

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T.B. Joshua loses bid to stop coroner’s inquest: Judge backs coroner

Synagogue Collapse: Court adjourns ruling on a suit by an engineer to Nov. 9

Justice Lateefa Okunnu of the Lagos State High Court Ikeja, on Friday, described as lacking in merit, an application filed by the Synagogue Church of All Nations and its founder, Prophet Temitope Joshua, asking the court to halt the ongoing coroner’s inquest into its collapsed guesthouse. Justice Okunnu dismissed the application for also being premature. The inquest was set up ...

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Indians are the biggest buyer of Dubai real estate in 2014

top 20 real estate tycoons

Followed by Emiratis, Saudis and Kuwaitis, Indians were the largest investors in the promising Dubai real estate market in terms of the number of buyers and transactions made in 2014 according to a new report. A report by Omega Real Estate, a real-estate company owned by ‘The H Holding Enterprise’ has said that the Dubai real estate market looks promising ...

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BPE in talks over FMBN’s reform commercialization

bpe

A NEW era is dawning on the mortgage industry, following a renewed interest by Federal authorities in expanding the ownership of Federal Mortgage Bank of Nigeria (FMBN) that allows private sector intervention and fresh injection of funds into the housing financial system. The move promoted by Bureau for Public Enterprises (BPE) is in line with reform and commercialization of public enterprises, ...

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Phoenix real-estate guru sentenced to 4years in prison

A Phoenix celebrity real-estate guru and self-described graduate of the “new school of self-made moguls” will spend the next four years in prison for money laundering and tax evasion. Tanya Marchiol was sentenced in federal court this week for helping drug dealers buy a house and for failing to pay income tax on $1.4 million earned between 2008 and 2010. ...

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