Real Estate News

Shelter Afrique (SAf), a Pan-African housing finance and development agency, has signed an agreement with a real estate development company, CMB Building Maintenance and Investment Company Limited. The agreement, signed at the headquarters of the financial institution in Kenya, will provide a loan of N3.3 billion to the firms. SAF’s Managing Director Mr. James Mugerwa and Managing Director of CMB, ...

Jonathan Millard, Chief Operating Officer, Troloppe Property Services joins CNBC Africa to talk Lagos Real Estate Realities. According to the Central Bank of Nigeria, the Lagos real estate sector is valued at 45.6 US dollar billion, 8 per cent of Nigeria’s GDP. In the challenging business environment, the rapid changes in real estate in Lagos, present opportunities and risks for ...

The Real Estate Developers Association of Nigeria (REDAN) has finalised arrangement to organise workshop for stakeholders in real estate sector in collaboration with the Center for Housing Studies, University of Lagos. The 2-day event which is proudly supported by the Housing Programme on AIT Abuja and Housing Time on Raypower would be declared open by the Minister of Power, Works ...

In the day time, Ikeja Along, a bus stop in the Ikeja Local Government Area, is a popular destination for trains, vehicles, commuters, petty traders and many more. The mix and noises it generates make the place ‘thick’. But the picture is different during night time, when traders set up “shops’’ and mannequins on the Ikeja railway line as shown ...

In almost the same measure, tributes and concerns have trailed the state government’s decision to install streetlights on major roads across the state. The lightings, which are currently being deployed in phases, are eliciting excitement and anxiety in residents who have expressed doubts about the sustainability of the project. The government had planned to install streetlights in specific places, including ...

The Lagos State Commissioner for Women Affairs and Poverty Alleviation, Mrs. Lola Akande, has said that the state government plans to establish an Institute for Caregivers which is aimed at training people to become care givers in the state. Akande, who made this known while receiving the leadership staff of the Office of the Public Defender in her office. According ...

With the country facing a massive need for the provision of infrastructure across the country, the Minister of Power, Works and Housing, Babatunde Raji Fashola has elected to spend a whooping 62% of his budget on road projects. Fashola had earlier come up with a total of N433billion as his budget for the mega ministry he heads. He drew up a ...

It was revealed at the Senate Committee sitting at the Federal Capital Territory that former President Olusegun Obasanjo awarded $841.6m Abuja Rail Project without MoU (Memorandum of Understanding) or an engineering design.  This revelation was made by the Project Manager of a Chinese civil engineering and construction company, Etim Abak, on Monday. The Minister of FCT and current governor of Kaduna ...

The Cinderella who walked into fame while selling bread has just been offered a furnished luxury apartment in Lagos and an enrollment into the poise fashion school. The Luxury apartment is said to be awarded to her as part of Sujimoto’s CSR this Valentine season. Chris Ogunlowo shared the news on his Facebook wall as he shared the pictures stating that ...

Lagos State Governor, Mr. Akinwunmi Ambode, has appealed for federal government support against frequent fire disasters in the state, the influx of illegal immigrants as well as the relocation of the Ikoyi Prisons. The governor spoke Wednesday when the Minister of Interior, retired Lt. General Abdulrahman Dambazau visited him at the State House, Alausa, Ikeja. According to him, there is ...