Real Estate News

In its bid to recognise and reward excellence in Nigeria, Pugeo Shelters Ltd. has rewarded an outstanding staff of the Nigeria Security and Civil Defence Corps (NSCDC), Mr Oguntuase A. K. Presenting the award to the outstanding officer, during a capacity development workshop at the NSCDC Academy in Sauka, Abuja, to sensitize the officers in charge of housing drawn from ...

The Managing Director of The Federal Mortgage Bank of Nigeria, Mr. Gimba Ya’u Kumo, has blamed the high and unaffordable interest rate systems used by many mortgage institutions as a major cause of housing crisis in Nigeria, saying that most Nigerians could not afford to tap into the current interest rate regime. He further listed the lack of long-term finance ...

Determined to urgently resettle the Internally Displaced People (IDP) rendered homeless by insurgents in the north-eastern part of the country, the Nigerian Institution of Structural Engineers (NISE), the structural division of the Nigeria Society of Engineers (NSE), has unveiled low cost housing design to fast track their resettlement. The president of NSE, Engineer Samuel Ilugbekhai, in his address at the ...

Members of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) will next week Thursday hold its second National Continuous Professional Development Programme at the Lagoon Restaurant, Ozumba Mbadiwe Street, Victoria Island in Lagos. The programme would dwell on ‘ Modern Business Innovations to Sustainable Professional Practice’ and expected to attract distinguished speakers such as Managing Director, CMC Connect, Mr. ...

The Nigerian Institute of Building (NIOB), Lagos State last week, pledged to renew its efforts towards enthroning standards and safety within the construction industry. The builders unanimously expressed concerns over the invasion of the industry by foreigners, on one hand, and artisans on the other. At the 2015 Builders’ Conference gathering, organised by the Nigerian Institute of Builders (NIOB), Lagos ...

Paints Manufacturers Association of Nigeria (PMA) has reiterated its call to the Standard Organisation of Nigeria (SON) to end substandard products in the industry. Smarting from the successful awareness from the “2013 Coatings Show”, organised by the Paints Manufacturers Association of Nigeria (PMA) that drew attention of stakeholders and governments to the issue of the environment, quality of some products ...

Reps plan to check the practice of keeping lands undeveloped. They say, if the practice is not checked, the noble efforts of the government to address the housing needs of the FCT will continue to be frustrated by land speculators to the detriment of helpless Nigerians. To stave off high cost of houses and scarcity of residential accommodation, the House ...

The Oko baba plank market in Ebute Metta, Lagos was razed down by fire yesterday. ​The fire which started at about the close of work, ​was raging and threatening to spread into nearby Makoko, a community of stilt houses by the banks of the Lagos Lagoon. The Oko baba market is a sprawling timber market on the Lagos lagoon close ...

As part of its plans to rehabilitate communities destroyed by the Boko Haram insurgency, the federal government will build about 10,000 houses for internally displaced persons – IDPs in Adamawa State. The vice chairman of the committee constituted by the federal government to superintend the reconstruction of the region, North East Housing Reconstruction Initiative, Hajiya Hadiza Muhammed, disclosed this yesterday. ...

Lagos has less than 500 licensed estate agents, the Chairman of the Lagos State chapter of the Estate, Rent and Commission Agents Association of Nigeria (ERCAAN), Godwin Alenkhe, said on Monday. Alenkhe, who paid a courtesy visit to the corporate headquarters of Punch Nigeria Limited in company with some other executives of the association, described the activities of quacks as ...