Real Estate News

Salisu Abdullahi, a former director of finance of the Nigeria air force, on Monday, admitted to owning property across three states in the country. Abdullahi, who had testified against Alex Badeh, former chief of defence, at the federal high court in Abuja, also admitted that some of his property had been marked for investigation by the Economic and Financial Crimes ...

Architects have said that for the city of Lagos to undergo a rapid and dynamic transformation, there is a need to rethink real estate development in the state through investment in high density high-rise buildings. Those who spoke at the recently concluded Lagos Architects’ Forum, organised by the state chapter of the Nigerian Institute of Architects, stated that the development ...

The Chief Executive Officer of BHS International, the concessionaire of Tafawa Balewa Square in Lagos, Mr. Olu Adenodi, has urged the Federal Government to ensure it protects all its property across the country. Adenodi was quoted in a statement as urging the government to help it secure the “no objection approval” on TBS, “not only to ensure the success of ...

Mrs. Maryam Bagel, a Legislator at Bauchi State House of Assembly shared photos of damages done to houses, schools and a general hospital in her constituency on Saturday, May 7. “Almost a hundred households, schools and the general Hospital in my constituency were hit by windstorm on Saturday evening. I took time to go round yesterday and it was a ...

The Federal Capital Territory (FCT) Minister, Muhammad Musa Bello has charged Nigerian architects to design implementable housing template that would lead the FCT and the nation out of the housing challenge. Bello said out of the 8000 square kilometers Abuja is composed of, the total built-up space is still less than 20 percent, noting that the city needs affordable, livable ...

President Muhammadu Buhari says his administration has prioritised the repair and construction of roads within the country, unlike his predecessor, Goodluck Jonathan, who earmarked very little for infrastructure. Mr. Buhari said this in a speech Friday before signing the 2016 budget into law. “To illustrate our renewed commitment to infrastructural development, the 2016 budget allocates over N200 billion to road ...

Lagos State Government on Thursday assured residents of the June completion date for the construction of 114 roads currently ongoing across the 20 Local Governments and 37 local Council Development Areas in the State. The State’s Commissioner for Local Government and Community Affairs, Hon. Muslim Folami gave the assurance at the ongoing Ministerial Press Briefing to herald the first year ...

Governor Akinwunmi Ambode of Lagos State has approved the construction of N49 billion Medical Park, the first of its kind in Nigeria, aimed at improving healthcare delivery in the state. The facility, to be located at the old Nursing School along Awolowo Road, Ikoyi, is expected to be completed in 2018. Commissioner for Health, Dr. Jide Idris who disclosed this ...

How do you know when it is SAFE to buy Land? Get fore-knowledge and understanding of the different states and status can be before it can be deemed safe to buy. Debo Adejana, MD/CEO of Realty Point Limited is once again at the helm to explore Land that is safe and unsafe to buy. This is the 14th episode of #SackYourLandlord ...

The Japanese Government on Thursday reaffirmed its support for the promotion of high quality infrastructure to enhance the socio-economic development of Nigeria. Mr. Masaya Otsuka, Counsellor, Embassy of Japan in Nigeria, said this at the Nigeria-Japan Public-Private Conference for High Quality Infrastructure in Lagos. The conference was organised by the Ministry of Lands, Infrastructure, Transport and Tourism (MLIT) of Japan, ...