Real Estate News

The President, Nigerian Institution of Estate Surveyors and Valuers, Dr. Joshua Patunola-Ajayi, has said that in order to reduce the country’s housing deficit and provide accommodation for low-income earners, the government needs to engage more in social and investment housing. He said the NIESV had sent out proposals to the Federal Government to look at housing as a total programme ...

To weather the storm of a challenging environment on your path to succeeding in your real estate business, there are some practical guides you should equip yourself with. The next edition of Debo Adejana’s Quaterly Real Estate Seminar offers this opportunity. Imagine a situation where three people of varying backgrounds decide to go for a musical concert in Ogba with ...

Governor Aminu Waziri Tambuwal has ordered the closure of the state owned Murtala Muhammed Specialist Hospital located at Unguwan Rogo area of Sokoto town. This followed an unscheduled visit by the Governor to assess the state of facilities which many in the state described as appalling. Health professional have voiced concern over the substandard facilities at the hospital, and have ...

A four-storey shopping complex constructed by the Ogun State Government has collapsed with many people feared dead. The project at the popular Itoku market of Abeokuta caved in Friday morning, trapping several construction workers, witnesses said. Governor Ibikunle Amosun has arrived at the scene and is coordinating the rescue effort. A witness said the building collapsed at about 9.00am, as ...

There was ambiguity on Wednesday at the Code of Conduct Tribunal over the ownership of properties alleged to have been bought by the Senate president, Bukola Saraki, from the federal government. Under cross-examination, the prosecution witness, Mr. Michael Wetkas, told the Tribunal that the properties sold to the Senate president were privately owned. The evidence is contrary to the claim ...

The Federal Mortgage Bank of Nigeria (FMBN) in collaboration with Asset Management Corporation of Nigeria (AMCON) has concluded plans to enhance inter-agency cooperation towards addressing economic challenges posed by non-performing loans in mortgage banks. This was part of the resolution following a meeting with the management of FMBN at the AMCON headquarter in Abuja, according to a statement made available ...

What is the standard used in measuring plots? What is the standard plot size? Is it the same everywhere or does it change by location? How did our fathers measure land in their days? What has changed now? Find answers to all these questions in this piece about Plot Sizes and Measurements.  Debo Adejana, MD/CEO of Realty Point Limited is ...

The Lagos State Government has released the sum of N10.8billion to date to ensure completion of the ongoing construction of 114 roads across the 20 Local Governments and 37 Local Council Development Areas in the State by the end of June, 2016 In a statement signed by the Commissioner for Local Government and Community Affairs, Mr. Muslim Olohuntele Folami on ...

The management of Bohemian Estate Limited has revealed its intention to inject about $250 million into real estate development through subvention from Czech Export Bank with active collaboration of Federal Mortgage Bank of Nigeria (FMBN). The proposed collaboration would facilitate the construction and delivery of first phase of 10, 000 housing units in Gwagwalada using Assembly Building Block (ABS) technology ...

France and Japanese Government have earmarked the sum of $1 billion, about N197 billion, for the construction of mono rail project in Lagos state, aimed at boosting the state government’s effort in sustenance of its mega city status. The state government generated N101.69 billion revenues in the first quarter of year 2016 appropriation year, even as it had secured $100 ...