Real Estate News

Rents across Lagos (Mainland and Island) and Ogun State have increased by over 30% between December 2020 and April 2021. Findings by Nairametrics revealed that while rent had increased by over 30% in some Lagos border towns like Sango-Ota, Arepo, and Magboro, property owners across Yaba, Magodo, Ikoyi, and Lekki axis also inflated their rents by about 33% within the ...

Shoprite – A Nigerian property company will be taking over Shoprite’s local business in Nigeria. Persianas is buying Shoprite’s Nigerian business after the South African retailer decided to retreat from other African markets. Shoprite, with more than 2,300 stores across Africa, is awaiting regulatory approval on the sale of its Nigerian supermarket operation, though no further details about the deal ...

The Ogun State Government has said it will commence the construction of the Agbara-Lusada- Atan Road in two weeks’ time. Governor Dapo Abiodun stated this at the opening ceremony of the 10th Gateway International Trade Fair titled, ‘Transforming Agriculture and Commerce in a Highly Competitive Global Market.’ A statement by the Chief Press Secretary to Abiodun, Mr. Kunle Somorin, said ...

The Federal Ministry of Works and Housing has set aside N100m in the 2021 budget for the rehabilitation of the Ife-Ifewara Road which had been fixed by the General Overseer of the Redeemed Christian Church of God(RCCG), Pastor Enoch Adeboye. The road was rehabilitated free by Adeboye as part of the church’s Social Corporate Responsibility at the cost of N188,440,342.00. ...

The body of a middle-aged man, simply identified as Femi, has been recovered from a well along the Ado Ekiti-Afao Ekiti Road in the Ekiti State capital. Sources said the deceased left home on Friday and all efforts to locate his whereabouts were futile until his dead body was found in a well allegedly on his plot of land on ...

A property belonging to the immediate past Deputy Governor of Edo State, Dr Pius Odubu, has been demolished by the incumbent governor, Godwin Obaseki.  It was gathered that the property, which was occupied by the ex-deputy governor’s younger brother and other family members, was located on Denis Osadegbe Avenue GRA, Benin, the state capital. The building was demolished alongside those ...

The crisis within the family of the late Dr. Tosin Ajayi, the Founder of First Foundation, has deepened over his inheritance. Ajayi, who died on April 26, 2020, was until his death married to Oluwayemisi, with whom he had five children. However, he and his wife were separated for about 30 years before his demise without being divorced. The deceased ...

The All Progressives Congress (APC) has condemned the demolition of property belonging to former deputy governor of Edo State, Pius Odubu, by the state government. APC said this in a statement by its state Publicity Secretary, Chris Azebamwan, on Wednesday in Benin. Mr. Azebamwan said other members of the party whose property was demolished included House of Representatives member, Julius Ihonvbere (APC- ...

Governor Abubakar Sani Bello of Niger state has laid the foundation for the construction of 279 units housing scheme in Suleja town as part of government’s efforts to provide affordable housing accommodation to citizens in the state. Performing the brief ceremony on Tuesday, the governor explained that the housing scheme is in partnership with Bamhill Properties, initiated to solve the ...

The Lagos State Building Control Agency (LASBCA) has said it would swoop on a building developer that flagrantly removed its stop-work seal on a site in Lekki for violating the state’s building code. A senior official of LASBCA told newsmen last week that the Director of Enforcement Unit would be briefed on the illegal resumption of work by the developer ...