Real Estate News

Unable to take possession of their homes, more than 15 months after they subscribed and won their flats under the Lagos State government’s housing programme – LagosHoms in Mushin area, the allottees are calling on Governor Akinwunmi Ambode to intervene in their plight. In a letter dated November 30, 2015, a copy of which was acknowledged by the office of ...

To turn the challenges associated with mega city, the Nigerian Institution of Surveyors (NIS), Lagos Chapter, has called for close tie between the government and professionals within the built environment. This was one of the decisions reached at the body’s Annual General Meeting (AGM), held in Lagos. Besides, members were also challenged to device best way to assist the Lagos ...

The umbrella body for estate developers in Lagos Sate has inaugurated a new governing council and Board of Trustees (BOT) at its new secretariat at Ebute- Metta. At the event, the Chairman of the Association of Real Estate Developers of Lagos State (AREDOLS), Nureni Ayinde Akinsanya, reiterated the need for developers to ensure global best practices in construction in order ...

The Nigerian Institution of Estate Surveyors and Valuers (NIESV), Lagos State branch, has lent its support on the planned reintroduction of toll gates. Its Chairman, Samuel Ukpong said it was a right decision but noted that for it to be successful, stakeholders must be carried along. Ukpong, who spoke on the sideline of the Annual General Meeting (AGM) of the Institution ...

The merger of three key ministries of Power, Works and Housing into one, is a disservice to the nation. This view was canvassed by Lagos-based estate surveyors and valuers who also faulted the non-appointment of one of their own as the Minister of Housing in view of the fact that they are best qualified and positioned to man the ministry. ...

The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has vowed to deal with members found engaging on unethical practices in the country. Delivering a charge on 342 newly registered associates in Abuja, a past president of NIESV, Mr. Emeka Eleh urged them to ensure that they comply with the Code of Ethics and Practice and other international standards. Eleh ...

Despite its dwindling resources occasioned by huge Debts owed the company by public and private institutions, the construction giant, Julius Berger Plc said the culture of staff training is being sustained to always reposition the company for better service delivery. The Executive Director, Administration of Julius Berger Plc, Alhaji Zubairu Bayi made this known in his address to the 2015 ...

The Managing Director/Chief Executive of Federal Mortgage Bank of Nigeria, Gimba Ya’u Kumo, has said that “housing is a human right” and he was doing everything possible to ensure that low and affordable housing schemes were provided across the 36 states of the federation – including the Federal Capital Territory. Kumo said this, in a statement made available to Daily ...

No fewer than 500,000 residents of Iponri Low-Cost Housing Estate, Surulere Local Government Area, Lagos State, on Sunday appealed to the Lagos State Government to save their lives from epidemic that was looming there. The sewage plant that usually drains dirty water from the soak-away of more than 400 housing units with 500,000 residents had been disconnected by Eko Disco ...

The Nigerian Stock Exchange (NSE) over the weekend listed an N8 billion Nigeria Mortgage Refinance Company (NMRC) bond on its platform. According to the NSE, the NMRC’s N8 billion listed on the exchange carry a 14.9 per cent fixed rate bond will be due in 2030 under the N140 billion medium term note programme. It has been gathered that the ...