Real Estate News

The Federal Government has been asked to approve the Presidential Technical Committee on Land Reforms and Council of State proposals on land administration to bridge the housing gap. The Nigerian Institution of Estate Surveyors and Values (NIESV) said this was imperative to tackle the housing challenge. The institution said it would make a presentation on land administration and related matters to ...

The National Pension Commission (PenCom) has disclosed that despite the availability of about N1.06 trillion for infrastructure financing, only N1.36 billion has been taken as at December 31, 2015, leaving N1.059trillion untapped. This was disclosed in a memorandum submitted by the National Pension Commission to the House of Representatives Committee on Pensions at the public hearing on the need to ...

A witness testifying against a former governor of Imo State, Ikedi Ohakim, who is standing trial for allegedly buying the property, has told a Federal High Court how he transferred $2.3 million given to him by Mr. Ohakim for the purchase of a top-notch property in Abuja. The witness, Abu Sule, who is an architect, had told the court in ...

Brains and Hammers Limited, a foremost real estate and infrastructure development group, has commenced the construction of a new housing development comprising 3,500 homes named “Brains & Hammers City” in the heart of the Federal Capital Territory (FCT), Abuja. Aligning with the federal government’s declaration of a 17 million housing deficit, Brains and Hammers said in a statement that it ...

The Managing Director of Livelihood Homes Limited, a Lagos-based real estate firm, Mr. Kelly Nwogu, has advised Nigerians living abroad to invest in landed property. He said Nigerians in the diaspora should channel part of their resources to owning or building a personal house in their country for a better future when they return home. He identified lack of trust ...

In a bid to tackle problem of housing and increase productivity of its member, the Nigeria Association of Industrial Pharmacists (NAIP) has acquired 105 hectares of land in Ofada community in Ogun state, for its members to build their homes. Speaking in an exclusive chat with Leadershipng about the housing project, the Chairman, Residents Pharmacists Estate, Dr Lolu Ojo said ...

Governor Ibikunle Amosun of Ogun State on Tuesday said his administration would construct an airport before the expiration of his term in 2019, saying an airport is a necessity not a luxury. Mr. Amosun said this at a press conference and the unveiling of the logo for the forthcoming 2016 edition of Investors Forum, held at his office at Oke-Mosan, ...

According to reports, Property investors in the Northern part of Nigeria are now smiling, following the retreat of Boko Haram fighters. People of Maiduguri are benefiting from a rise in real estate prices. Maiduguri is the largest city in Borno state, once a stronghold of the fighters and a frequent target for its suicide bombers. The group claims to be ...

The two engineers who constructed the collapsed seven-storey guest house of the Synagogue Church of All Nations — Akinbela Fatiregun and Oladele Ogundeji — were on Today in Lagos granted N20million bail. An Ikeja High Court gave the ruling at the hearing of the bail application for the engineers. Justice Lateef Lawal-Akapo said:”The bail application hereby succeeds and here are the ...

The Federal Mortgage Bank of Nigeria has said contributions to the National Housing Fund reached N191.9bn in March. The Acting Managing Director, FMBN, Mr. Richard Esin, stated this at the ongoing 15th Lagos Housing Fair, where he was represented by the Lagos Zonal Coordinator of the bank, Mr. Yusuf Yinusa, adding that the money came from 4.14 million registered contributors ...