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Trends in Nigeria’s Luxury Real Estate

Nigeria's luxury real estate

As Africa’s real estate sector continues to witness a boom in investment driven by a young population and rural to urban migration, Nigeria is witnessing its share of investments with its real estate growing at 8.7 per cent. With a rise in the demand for Luxury real estate, players in this sector believe Nigeria’s real estate future remains robust. Dipo ...

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Real estate agent escapes misconduct charge

misconduct charge court stories alleged fraud

A real estate agent who held several open homes in a former Headhunters gang house so contaminated with meth that one visitor suffered dizziness and a clogged mouth has escaped misconduct charge. Real estate agent Gary Murphy and the agency he worked for, Property Link Groups Ltd, were each charged with misconduct over the sale of the Auckland house. In ...

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Nigeria’s first Mortgage and Real Estate academy begins

mortgage and real estate academy MOREACADEMY

The first professional mortgage and real estate academy will begin operations in Nigeria next month with study centers in Abuja and Lagos at the first instance. The Mortgage and Real Estate Academy (MOREACADEMY) is partnership between the Center for Management Development (CMD) and the West Atlantic Corporation Limited. Speaking at press briefing in Lagos last week to kick off the ...

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United Nations to build 500 houses for displaced people in Adamawa

displaced people in Adamawa

The displaced people in Adamawa can now express hope in getting their lives back as the United Nation has come to their rescue. The United Nation’s High Commission for refugees in Africa on Sunday said arrangements had been concluded to construct 500 housing units for the aged, physically challenged, orphans and the very sick persons who were displaced by Boko ...

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Police Demolish Kidnappers’ buildings In Anambra

Kidnappers’ buildings In Anambra

The efforts to end crime and bring criminal elements in Anambra State to book are still on, as the police have demolished two kidnappers’ builidings in Anambra. This happened in Umueri, Anambra East Local Government Area of the state. The Assistant Commissioner of Police, Mr. Joseph Agugoesi, led the group that demolished the buildings. He narrated the ugly activities of ...

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Reclamation of IMO erosion sites commences


The World Bank, through the New Erosion and Watershed Management Project (NEWMAP), has commenced work on the five gully erosion sites in some Imo State communities. Work has begun in Eziala Obizi (Ezinihitte council), Amanato, Umueshi and Ntueke (Ideato South council), and Iyiuzo Ihioma and Ogbaeru (Orlu council), among others. On its part, Governor Rochas Okorocha has released N100 million ...

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Untold hardship on women resulting from demolitions in Abuja

demolitions in abuja

In an article prepared for the WATCH project being implemented by MIND, which focuses on gender and urban poverty in Abuja, WATCH highlights the adverse effect melted down on non-indigenes of Abuja, laying emphasis on the female gender, as drive was renewed to restore the original master plan of Nigeria’s capital territory. Read article below: In one of the numerous ...

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Jigawa state to publish list of looted property from the state

Jigawa Govt. Explains Demolished Structures

Chairman of the Jigawa State Assets Recovery Committee, Retired Air Commodore Abubakar Sadiq, yesterday said he would publish the list of looted property from the state in the past four years. Sadiq stated this in a radio programme monitored in Dutse, the Jigawa State capital. He said his committee was constituted by Governor Muhammad Badaru Abubakar to trace and recover ...

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‘Let there be a political will to reform the housing sector’ – MD FESADED

Mass housing

Mr Festus Adebayo, the Managing Director, FESADED Communications Ltd, has advised the Federal Government to develop the required “political will’’ to address housing deficit in the country. Adebayo gave the advice in an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja. He said having the political will would enable the government to foster a vibrant private ...

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Despite uncertainties Real estate investors remains confident in economy

Notwithstanding the uncertainties in the direction of the Nigerian economy, fresh investments are still taking place in the real estate sector through which investors have shown uncommon confidence in the country. The size of the Nigerian market is a frequently cited reason for the investor-interest and confidence, but in spite of the huge opportunity in the residential segment of the ...

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