Real Estate News

Messrs Kdscope International Limited has unveiled an energy efficient office complex suitable for high net-worth investors and multinational organizations in Lekki axis, Lagos. The building of the future, which is constructed to a standard of international specifications consists of two wings of office spaces being partitioned with galvanized channels on four-floors. Sitting on a land area of about 922.953 square ...

Two South African children are suing the mega church of popular Nigerian preacher TB Joshua over the death of their father, their lawyer Bolajii Ayorinde has told the BBC. The three-year-old and six-year-old have filed papers in court in Nigeria’s main city, Lagos, demanding compensation of more than 8m rand ($521,000; £375,000) from the Synagogue Church of All Nations, Nigerian media reports. Their father was among ...

Dangote Cement Plc says it has commenced the construction of cement plants in Okpella, Edo State, and Itori, Ogun State. The new plants are expected to add nine million metric tonnes per annum to the company’s current local cement output of 29.25 million tonnes. According to the company, Okpella is a three million per annum plant, while the Itori plant ...

The Ogun State Property and Investment Corporation and Lafarge Africa Plc have unveiled an affordable housing estate in Sagamu, known as New Makun City. At the unveiling of the estate, the Chairman, Board of Directors, OPIC, Mr. Adekunle Adesina, said that in building the estate, the corporation keyed into the Governor Ibikunle Amosun administration’s vision to provide affordable housing for ...

The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has vowed to sanction any practitioner who engage valuation service informally without proper registration with the Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON). Delivering a speech in Calabar, last week during its 22nd John Wood Ekpenyong Memorial Lecture/Fellows’ Induction ceremony, Chairman of the Board, Mr. William Odudu appealed to such practitioner ...

Nigeria’s Trade Union Congress, TUC, on Sunday blew hot over suggestions by some lawmakers in the country that the accumulated pension funds supposedly meant for workers be deployed for infrastructure development. The TUC said it condemns such suggestion and that it has repeatedly made its position on the issue very clear and this is that “the pension scheme was informed ...

The Minister of Transportation, Rotimi Amaechi, said on Friday that the Lagos-Kano Rail project would be completed in the next two years. Mr. Amaechi, who said this while inspecting the Abuja-Kaduna rail project in Kaduna, added that it would generate employment for 250,000 Nigerians. He said the ongoing rail project from Lagos-Kano and Lagos-Calabar would generate more employment than the ...

The Economic and Financial Crimes Commission, EFCC, yesterday filed an 11-count charge of fraud, money laundering and others against former Minister of Interior, Abba Moro, and three others- a former Permanent Secretary, Anastasia Daniel-Nwobia, F. O. Alayebami, Mahmood Ahmadu and Drexel Tech Nigeria Ltd. According to the count charge by EFCC, Abba Moro and the three others used the N676.675 ...

Veteran Nigerian rapper and CEO of Rugged Records, Michael Stephen popularly knows as RuggedMan has landed an endorsement deal with a real estate company, Numatville Megacity. The deal will see the rapper go home with a plot of land worth N50 million. The endorsement is an initiative of Akin Olowookere, former Board Chairman of Ondo State Land & Housing Corporation, ...

The Senate Committee on Federal Capital Territory, has given the Area Councils in the capital 21 days to clean up parks, markets and the entire FCT or face sanction. The Chairman of the Committee, Dino Melaye (APC Kogi West), gave the directive when the committee met with the chairmen of the six area councils in the territory. Mr. Melaye said ...