Real Estate News

Investments with exciting opportunities for good returns abound in listed equities with strong fundamentals and low valuations and other growth sectors of the economy. Some of them are real estate, education, health and agricultural sectors. There are also investment opportunities in companies that are non-import dependent as Nigeria grapples with foreign exchange constraints. These were part of the conclusions of ...

Kwara State Governor, Abdulfatah Ahmed, has flagged off the construction of 1,000 housing units in order to provide affordable and quality housing to meet the shelter need of the populace. Speaking after laying the foundation on Monday, Governor Ahmed explained that efforts to meet the housing need of the people have not yielded fruitful result. He stressed that Nigeria housing deficits was about 17 ...

Olufolarin Ogunsanwo, Head of the Lagos State Internal Revenue Service, yesterday said the agency has begun the process of overhauling its informal sector operations to ease voluntary compliance by tax payers and 3 categories of tax payers in the sector have been identified. Mr. Ogunsanwo disclosed this at the LIRS press conference held in Lagos. “His Excellency has also recently ...

Nigeria is facing a very challenging business environment with the country’s economy under strain, depreciating by over 25 per cent in the past year, leading to investors look into other sectors to put their investments into. According to analysts this might be one of the best times to look into the Nigerian real estate market. In an interview with CNBC, ...

Death toll in the collapsed building at Lekki in the early hours of today has risen to six as rescue operations by the National Emergency Management Agency, South West zone and  Lagos State Fire Service are still ongoing. “We have recovered six dead bodies so far. Six others have also been rescued alive,” Ibrahim Farinloye of the state-run National Emergency ...

The Nigerian-British Chamber of Commerce yesterday hosted an advocacy round-table on real estate sector as part of its contribution to boosting growth in the country. This provided stakeholders with a platform to discuss the challenges, policies and opportunities in the Nigerian real estate sector and also add value to businesses through networking. In order to institutionalise the conversation so it ...

The Ogun State Government says it will not tolerate the presence of motor parks within estates and communities in the state. The General Manager, Parks and Garages Development Board (PAGADEB), Alhaji Ola-Ayo Ogunsolu, made this known in his office while settling a dispute between the Property Owners and Residents Association (PORA) and the National Union of Road Transport Workers (NURTW) ...

In order to exterminate rodents and minimize any possibility of Lassa fever in the Federal Capital Territory, the FCT Administration has concluded plans to fumigate the entire Territory. The FCT Minister, Muhammad Bello, made this disclosure on Friday through his media team during an interactive session with members of the FCT Press Corps in Abuja. Mr. Bello said that the ...

Embattled former Chief of Defence Staff, Alex Badeh, has denied claims by EFCC that $1 million was found hidden in his Abuja home. A source at EFCC had claimed that they found $1 million during a search at Badeh’s home at Number 6, Ogun River Street, Maitama‎ Auja. Badeh refuted the claims in a statement issued by his counsel Samuel ...

Following last week’s crisis in the Mile 12 market area of Lagos, the State House of Assembly yesterday told the state government to begin arrangements for the relocation of the popular foodstuff market. The market, which is due to be moved to Parafa, in Ikorodu, according to the House, has overstayed its welcome in the area and should no longer ...