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Restructure mortgage system, Prof. Nubi Urges FG

Restructure mortgage system, Prof. Nubi Urges FG

A university lecturer, Prof. Timothy Nubi, on Tuesday told the Federal Government to restructure Nigeria’s mortgage system to position it for better service delivery. Nubi, who is of the Department of Estate Management in the University of Lagos, made the call in an interview with the News Agency of Nigeria (NAN) in Lagos. He said that solution to the nations’ ...

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Senate rejects N64bn ​for ​Abuja airport second runway

Senate to amend NTDC, NICO Acts

The Senate on Wednesday kicked against the N64 billion contract for the construction of a second runway at the Nnamdi Azikiwe International Airport, Abuja. The Senate, at its plenary declared that the contract sum ​wa​s “too high”. In a three-point motion by Dino Melaye (APC Kogi West), the Senate acknowledged the urgent need for a second runway at the airport, ...

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Imo state, Federal Mortgage Bank partner to build 2,000 housing units

Court stops Okorocha from demolishing NBA secretariat

The Imo State Government has concluded arrangement with the Federal Mortgage Bank (FMB) to build 2,000 housing units, comprising semi- detached duplexes and blocks of flats, for its workers in the three senatorial zones under the Imo Model Scheme. Governor Rochas Okorocha, who disclosed this to journalists at the weekend in Owerri, after a meeting with the officials of the ...

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Housing Specialists Endorse Dry Construction Method

Housing Specialists Back Dry Construction Method

Housing specialists have added their voice to the call for the adoption of a new modern building system. The experts spoke at the launch of prototype house known as Kalsi Experience Centre by Nigerite Limited in the Lagos premises of the company. The centre consists of a duplex, which embodies the dynamism and precision of the Kalsi boards and offers ...

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Partial Building Collapse In Ebonyi State

Partial Building Collapse In Ebonyi State

Two people were on Tuesday seriously injured in a partial building collapse in Abakaliki, Ebonyi state capital. The incident occurred at 4:30pm at No 9A Obiri Street near Abakpa Main Market in the heart of the city. According to witnesses, an occupant of the top floor of the two-storey building was resting on the balcony when it collapsed, throwing him ...

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Nigeria ranks 5th in cheapest luxury property market costs

Nigeria ranks 5th in emerging market’s luxury property costs

Nigeria has been ranked fifth in the cheapest luxury property market in the emerging market with a value of $967.03 million per square. In a survey conducted by Lamudi, a global property firm, Angola ranked first with $4. 513 billion per square while Ghana trailed with $1.169 billion. Tunisia and Indonesia emerged 3rd and 4th respectively with $1.000 billion and ...

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Register for Real Estate Development Masterclass by School of Estate

School Of Estate Business Training

School of Estate, Nigeria’s leading real estate school is offering a course for Real Estate Developers. The course is tagged ‘Real Estate Development Masterclass’ and it is geared towards helping Developers gain insight into development processes for various types of properties, which includes residential, commercial and industrial. Real Estate Development requires expertise in management, finance, engineering, urban planning, design, project ...

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Ojukwu’s property : Bianca’s absence stalls trial

Ojukwu’s property: Bianca’s absence stalls trial

Ojukwu’s property Trial – The absence of Bianca Odumegwu Ojukwu, widow of the late Ikemba of Nnewi, Chukwuemeka Odimegwu Ojukwu, Monday, stalled the suit she filed against Ojukwu Transport Limited, OTL, and seven others before a Lagos high court. Bianca had in the suit filed on behalf of her two under-aged children, Afamefuna and Nwachukwu (claimants) wanted the court to ...

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Property Taxation: Surveyor Advocates Taxation Of Undeveloped Sites

Surveyor Advocates Taxation Of Undeveloped Sites

The managing director of Oluaye Properties, Olaniyi Livingstone Iyanda, has called on the federal government to initiate policies that would encourage the taxation of undeveloped bare site in order to discourage land speculation and encourage real estate investment. He disclosed this in Abuja during the 2015 Mandatory Continuing Professional Development Seminar organised by FCT Chapter of Nigeria Institution of Estate ...

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