Real Estate News

Property worth multi-million naira was destroyed as fire razed down Sarafoam Factory at Kirikiri area of Apapa, Lagos, Southwest Nigeria. The fire started around 1.30pm Tuesday while as at 5.00pm, it has not been put off as fire servicemen and officials of the Lagos State Emergency Management Agency, LASEMA battled to put out the fire. Fire service official, LASEMA, the police ...

Disturbed by the incidences of collapsed buildings in Lagos metropolis with the seeming hopelessness of stemming the tide, builders took a critical look at the past efforts by the officials in addressing the menace. However, stakeholders in the built environment, who commented on the matter, were of the view that government, as a matter of urgency, should be more proactive ...

Managing Director, Oladele Construction Company Limited Isiaka Oladele said lack of funding and enabling environment are the major factors hindering the delivery of affordable housing in Nigeria. Oladele who stated this in an interview with Daily Trust blamed the government for not creating the necessary environment for building and construction industry to strive like in other developed countries in the ...

As part of efforts to enhance learning, performance and living standard in Nigerian universities, the Federal Mortgage Bank of Nigeria, (FMBN) has disclosed that it would soon conclude all necessary arrangements to launch a housing scheme for university lecturers in the country by January 2016. The Managing Director of the Bank, Mr. Gimba Ya’u Kumo, in an interview with Daily ...

Zerbeced Group with 30 hectares of land along Abuja industrial park is set to develop 3,000 low and middle income housing units. The planned development by the Nigeria-based Turkish experts in the construction industry is in line with the United Nations report and collaboration with the Nigerian government to provide housing for all as proposed in vision 2020. To help ...

The 19th president of Nigerian Institute of Estate Surveyors & Valuers and the managing partner of Bode Adediji Partnership, Mr. Bode Adediji in this interview with Olushola Bello, laments over the huge housing deficit in Nigeria. Read Excerpts below: What is the problem with real estate in Nigeria? It is now a common knowledge that Nigerians have been suffering from ...

The Ogun State Government has demolished a church building owned by the Redeemed Christian Church of God, RCCG. The RCCG is one of Nigeria’s largest Pentecostal churches and its head, Enoch Adeboye, is one of the country’s most revered men. The demolished building is located inside the estate, Obasanjo Hilltop, named after ex-President Olusegun Obasanjo by the state government; and ...

Anambra State Governor, Chief Willie Obiano, has cried out over the poor state of federal roads in the state and called on the Federal government to hasten to save the roads from imminent collapse. The Governor made the call while inspecting erosion sites along the Onitsha-Owerri and Onitsha-Enugu expressways which had caved in at two points in Okija, Ihiala local ...

A pastor, Ike John Chidiebere and a property developer/lawyer, Obioma Success are at daggers drawn over a church property located in the highbrow Garki district in Nigeria’s capital, Abuja. While the lawyer and owner of the disputed property (Success) is bent on converting the property to a hotel/night club, the pastor of Richfield of God Church insists that a 2012 ...

In this interview, the Managing Director of the Federal Housing Authority, Prof Mohammed Al-amin talks to ANDREW ESSIEN about Federal Housing Authority’s mandate, where it was and how it has evolved. Read below: Can you tell us the mandate of the Federal Housing Authority? The Federal Housing Authority was established some 40 years ago and the initial mandate was for ...