Real Estate News

ARM Nigeria, an asset management firm with interest in real estate has acquired Mixta Africa, a property development company. Speaking to CNBC Africa on the new acquisition, the Chairman/ CEO of Mixta Africa Deji Alli, says Nigerians can now look forward to affordable housing across the country with the entry of Mixta Nigeria into the housing market. Watch video below:

Lagos state government on Wednesday closed down about 53 Churches, Mosques & Hotels over noise pollution. Engr Rasheed Shabi, who is the General Manager of Lagos State Environmental Protection Agency, LASEPA, stated that they sealed those places because of reports they got from residents around those places. It was that learnt some of the worship centres were sealed because they ...

Computer Professionals’ Registration Council of Nigeria (CPN), has denied re-awarding the contract for the development of the Abuja Centre of Excellence. A statement the President/Chairman of Council, Prof. Vincent Asor, last week said the clarification becomes necessary due to rumors that the initial contractor handling the project has been sacked. According to Professor Asor, no contract has been cancelled or ...

Ostensibly to avert crisis over a world-class construction project located in Piwoyi, Federal Capital Territory, Abuja, the National Institute of Legislative Studies (NILS), has faulted an allegation of breaching any law in the execution of its N52 billion headquarters’ contract. NILS’ reaction came last week, following allegation by the Architects Registration Council of Nigeria (ARCON) that, the institute had engaged ...

Minister of Power, Works and Housing Babatunde Fashola has said changes will be made to the national housing policy where necessary. He said some N10 billion might be budgeted for housing in the 2016 budget. He said there will be private sector participation and consistency in policy implementation in the coming years. Fashola who was addressing newsmen in Abuja  said ...

The Lagos State Government says over N98.3 billion worth of property were salvaged while about N16.4 billion property were lost to various fire incidents from Jan. 1, 2015 to date. The Commissioner for Special Duties and Inter-governmental Relations, Mr Oluseye Oladejo, made the disclosure at a news conference on Tuesday in Alausa, Ikeja. Oladejo said that over 1,667 emergency calls ...

Amidst commendation by some residents and recipients of land title documents under the Ogun State Homeownership Charter Scheme, land surveyors have cited violation of survey plan law in Nigeria in the execution of the scheme. Hence, they have initiated a legal proceeding against Ogun State Government, which is pending for hearing at a Federal High Court, Abeokuta. In the suit, ...

Applicants who have applied for Certificates of Occupancy, and whose applications were not concluded due to absence of essential documents, will heave a sigh of relief soon, as the Lands Bureau has created a dedicated Help- Desk for uncompleted Applications. In a statement signed by the Public relations Office of the Bureau, this became necessary considering the avalanche of uncompleted and ...

The Delta State Commissioner for Lands, Survey and Urban Development, Sir Dan Okenyi, has set up a committee to identify undeveloped plots of land earlier allocated to individuals and organisations in the metropolitan area of Asaba, Delta State capital. The committee, headed by Mr. Alex Eboka, will identify plots that were yet to be developed by their owners two years ...

Energetic, rich, and relatively young, the new ooni of Ife is 41-year-old Adeyeye Enitan Ogunwusi, traditional monarch of the Yoruba people of Southwest Nigeria. Ogunwusi is chairman of Gran Imperio Group, a leading real estate and construction company. Chosen from 20 candidates, Ogunwusi is one of Nigeria’s youngest traditional rulers, and he’s been coronated king of Nigeria’s second-largest ethnic group. About 40 million people are Yoruba. Nigeria’s No. ...