Real Estate News

Recognising the rising housing deficit in Nigeria, coupled with serious overstretching impacts on inadequate housing facilities, the Ogun state government is to partner Lafarge Africa Plc, on advanced construction technology to speed up development in the housing sector in the State. The huge housing gap and challenges inherent in the Nigeria’s housing sector, according to official declaration, has prompted government ...

The Nigerian Institute of Town Planners, Lagos Chapter, has reiterated the need for its members and others in the built environment to strictly uphold the ethics of their professions. The relevance of adhering to the code of ethics and its effect on the society was the main topic of discussion at the chapter’s 32nd Annual General Meeting with the theme, ...

Flood in Edo – Over 40 houses have been submerged and hundreds of people displaced by flood in Udaba, Anegbette, Oghomere communities in Etsako Central Local Government Area of Edo, the News Agency of Nigeria (NAN) reports. Some of the victims told NAN on Tuesday that they were relocating as a result of the continuous rise in the water level ...

Africa’s richest man, Dangote Cement boss, Aliko Dangote, yesterday said he has no interest in actively participating in politics, saying business and politics should never be mixed. Mr. Dangote, the Chairman of Dangote Group, made this known while speaking with journalists during a condolence visit to the Awolowo family over the death of Hannah Awolowo (HID) at the family’s residence ...

In Nigeria, pensions and infrastructure development are not often mentioned in the same sentence, but this week as Africa’s finance and pension industry leaders gather in Nigeria for the second edition of the World Pension Summit: Africa Special, the focus will be on how the nation’s growing pool of pension funds can be mobilised to drive sustainable development. Compared with ...

At the Egbin Power Plant Plc in Ikorodu, Lagos State, the company’s management is engaged in a face-off with some workers, most of them former staff and retirees, over the latter’s residential status in the company’s housing estate. The workers, under the umbrella of the Senior Staff Association of Electricity and Allied Companies (SSEAC) and National Union of Electricity Employees ...

Standard Bank Group has been voted the Best Overall Bank in Africa in the 2015 Euromoney Real Estate Survey Awards. Accolades awarded to Standard Bank within the banking category for real estate across Africa included: Best Overall Bank in Africa Best Loan Finance Bank in Africa Best Equity Finance Bank in Africa Best M&A Advisory Bank in Africa Best Debt ...

Stakeholders in the real estate industry have said that despite funding and infrastructure challenges, opportunities for growth in the sector are increasing with the expanding population creating demand for residential and commercial properties. They added that the prospect would continue to increase with rising intra-Africa trade and investment, which would remain an important growth driver. According to those who spoke ...

Residents and house owners in Irewolede (Fajuyi) Estate in Ado-Ekiti, the Ekiti State capital, have asked the State High Court in Ado-Ekiti to jail the General Manager of Ekiti Housing Corporation, Babasoji Awe, for alleged contempt of court. The house owners/claimants went to court, challenging the revocation of their houses purchased on a mortgage agreement but which Governor Ayodele Fayose ...

Governor Ifeanyi Ugwuanyi is taking the Federal Government  N14.2 billion loan facility through the Central Bank of Nigeria, CBN,to spur infrastructural development of Enugu State. Ugwuanyi approached the state House of Assembly, last week, for approval to procure two separate loans from the CBN. The details show that N10bn  is for infrastructural projects  and N4.207bn  for the payment of the arrears ...