Real Estate News

Community leaders from Adekoyeni, Ajambata, Araromi Orita and Oluwanishola (a.k.a Abule Teacher) in Ogun State have cried out over alleged use of the name of former President Olusegun Obasanjo to seize land unjustly. The leaders, in a petition to the Ogun State government and signed by National Secretary and General National Legal Director of the Movement for Islamic Right and ...

Despite the notice of 100 percent increase in toll fares placed on vehicles entering or leaving the airport by Federal Airports Authority of Nigeria, FAAN, motorists in Lagos State, yesterday, paid the old toll. Human rights activist and veteran journalist, Mr. Richard Akinola, confirmed to Vanguard that the toll gate attendants collected the old toll. He said: “I decided to ...

Although the highly anticipated eclipse typically called Annular eclipse, was witnessed in some states of the federation such as; Kaduna, Plateau, Rivers and Sokoto states, many Nigerian cities including the federal capital territory, Abuja did not witness it as predicted. In a related development, the National Space Agency has come out to blame cloud cover for the non-occurrence in many ...

Dreams of lower construction costs by prospective homeowners might have become a nightmare, going by fresh increase in the price of cement products by manufacturers. The development has already triggered a ripple effect in the open market, with prices going up by about 44 per cent in few days. Investigations revealed that operators under the Cement Manufacturers Association of Nigeria ...

A distracted real estate agent holding an open house in Southern California apparently didn’t notice two unwanted guests: a pair of crafty jewel thieves. The men made off with more than $150,000 worth of watches, jewelry and electronics under his nose, KABC reported Tuesday. The house is on the market for $1.6 million. “These guys seem like they were professionals. ...

The National Pension Commission, PENCOM said on Tuesday it planned to deploy at least 40 per cent of the total pension funds in the country (about N2.32 trillion) into investments in infrastructure development by 2019. Total pension assets in Nigeria stood at N5.8 trillion as at July 2016, and accounted for about 6 percent of the country’s gross domestic product (GDP). The ...

Nigerian-Lebanese billionaire Gilbert Chagoury, owner of the giant Eko Hotel in Lagos and the ground breaking Atlantic City, is no longer allowed to enter the United States. According to a report by Los Angeles Times, Chagoury had his visitor’s visa denied last summer under terrorism grounds. Chagoury, who is also a big donor to the Clinton Foundation and has a ...

China is set to build light rail system in Kano. The rail project signed is said to be valued at $1.85billion, while construction work will take two stages On Monday, August 29, a report came on how a Chinese company stated that its directors had gotten a provisional letter of award from the Nigerian government on constructing a light rail ...

The upgrade of Ikorodu township, a rapidly expanding settlement in Lagos State, to a contemporary eco-city development is in top gear as the government’s consultant has unveiled a new and ambitious programme to review the city’s spatial dynamics. The coming master plan hopes to cover a period of 20 years from 2016 to 2036. So far, the State’s Ministry of ...

There is increasing concern over the rising number of vacant houses in the highbrow Ikoyi area of Lagos with a report estimating over 70 per cent of properties therein. What could be responsible for this? Why are the properties being abandoned?  A real estate developer and Chief Executive Officer of Sujimoto Construction, Mr. Sijibomi Ogundele, said the rise in the number ...