Real Estate News

A former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Abubakar Lawal Yar’Adua, bought a posh home worth £890,000 in London using a secret offshore company he registered in the British Virgin Island. Documents retrieved from the Mossack Fonseca database, exclusively obtained by German newspaper, Süddeutsche Zeitung, and shared by the International Consortium of Investigative Journalists (ICIJ) with ...

The newly elected president of Nigeria Institute of Estate Surveyors and Valuers (NIESV), ESV Bolarinde Patunola-Ajayi has called on the federal government and State governors to establish Real Estate Transaction department to avoid illegal extortion by quack agents and surveyors. Briefing newsmen in Abuja shortly after the maiden Council meeting since his assumption of office, he noted that the agency ...

The accountant turned real estate maven in an exclusive chat with Today’s Woman, opens up on how she took the leap of faith in a male dominated industry, maintaining integrity in a cut throat business, delivering affordable quality homes in Nigeria, going from a marketer to CEO of a thriving company and much more. Mrs. Bukunola Gadzama is the Managing ...

The Federal Government is to look for private investment in the rail sector beginning with the Lagos-Kano rail line the Minister of Transportation, Rotimi Amaechi, said yesterday. Amaechi, who spoke at the House of Representatives public hearing on Nigerian Railway Authority Bill and the National Transport Commission Bill by the joint transport committees, told the legislators that $166bn was also ...

The Federal Mortgage Bank of Nigeria and its partner, Federal Housing Authority of Nigeria, have announced the commencement of the construction of 30,000 housing units across the country. According to the FMBN, the N9bn project, which will employ about two million workers from all over the country, will commence this week in Lagos, Abuja, Kano and Port Harcourt. Speaking at ...

A 3-storey uncompleted building collapsed at the permanent site of Federal Polytechnic Oko, Amaokpala, in Orumba North LGA of Anambra State yesterday. The men of Anambra State Emergency Emergency Management Agency, SEMA are currently on ground with excavators and other equipments to ensure that no one is trapped or killed. Governor Obiano arrived at the site of the collapse this ...

The Federal Mortgage Bank of Nigeria has said that the country needs over N40tn in mortgage finance to address the present housing shortage. The bank, in a document made available to Punchng correspondent, noted that the mortgage finance must be affordable to have the desired effect. According to the bank, homeownership rate in the country is currently at about 25 ...

Coco Crisp who plays for baseball side Oakland Athletics has put his stunning California mansion up for sale with a price tag $9.995million. The resort-like paradise comes with a baseball diamond, basketball and tennis courts, five bedrooms, a games room, a home theatre, lakes and there are even palm trees in the master bathroom. An extreme price tag for sure, ...

The Federal Government is set to unveil a Nigerian housing model that will be suitable and acceptable to all Nigerians. Minister of Power, Works and Housing, Mr Babatunde Fashola, who disclosed this at a forum in Abuja, said government is already working on the design in furtherance of the its housing policy. “A lot of work is going on and very ...

The Federal Government has promised to make about 2,000 kilometres of road network motorable. in 2016. The Minister of Power, Works and Housing, Babatunde Fashola, disclosed this while answering questions at the News Agency of Nigeria (NAN) Forum in Abuja on Wednesday, May 18. Fashola said that the Muhammadu Buhari-led administration is focusing on completing all strategic roads that demand urgent attention ...