Real Estate News

Contractors in the nation’s construction industry have appealed to federal and state governments to pay debts owed the firms to enable them to return to project sites across the country. Acting under the auspices of Federation of Construction Industry, the contractors claimed that in the last two years alone, debt owed them by various governments was N600 billion. The president ...

For high end property seekers, nothing compares to luxury and comfort. But even luxury has different categories. For instance, what is luxury for someone that lives in Chelsea, London might differ from what is luxury for someone that lives in Ikoyi, Lagos. This is because describing a luxury property in London might not be comparable to ‘luxury’ in Lagos. According ...

A property developer, Lukman Adewole, was on Wednesday charged before an Ikeja Magistrates’ Court, Lagos, for allegedly defrauding 229 accommodation seekers. Adewole, 51, who resides at No.1 Okerinde Street, Baruwa Ipaja, Lagos, was arraigned on 229-count charges bordering on conspiracy, obtaining under false pretext and stealing. The Prosecutor, Insp. Abraham Fadipe, told the court that the accused committed the offences ...

Anambra State Governor, Willie Obiano, has appealed to the European Union (EU) Delegation Ambassador to the Federal Republic of Nigeria and to the Economic Community of West African State (ECOWAS), Michel Arrion, to bring intervention programmes to the state in the areas of flood, power and girl child education. The appeal was made during the visit of the Ambassador to ...

The Ogun State government, has issued the certificate of occupancy to another 1,500 beneficiaries of the Homeowners Charter designed by the government to allow residents and homeowners to ratify their building approval and title At a ceremony held at the arcade ground of the Governor’s Office in Abeokuta, the state  capital, the Deputy Governor, Mrs. Yetunde Onanuga, while representing the governor at the ...

Mr. Femi Oluwalose Showunmi is the Chairman and CEO of Phemy Showunmi and company Limited, a real estate marketing, consultancy, development and construction firm. Showunmi is a mathematics graduate of Ambrose Ali University, a School of Estate graduate and a member of Association of Estate Agents in Nigeria (AEAN) which is being midwifed by Nigeria Institution of Estate Surveyors and ...

The two-storey Islamic School structure that collapsed in Jos on Sunday was originally a bugalow that was “forcefully” converted, the National Emergency Management Agency has said. “The foundation and all the materials were for a small bungalow, but the building structure was suddenly converted into a two-storey structure, forcing it to cave in as the foundation materials could not cope ...

Against the backdrop of the widening housing deficit in the country resulting from unfriendly policies, the need for governments at the federal and state level to see the issue of housing as a matter of concern and priority has been stressed. The Group Managing Director and Chief Executive Officer of Le’Venue Property Co. Ltd, Mr. Jemine Adollo, who spoke to ...

President Muhammadu Buhari has approved the appointment of Dominic Abonyi, as registrar and chief executive officer of the Environmental Health Officers Registration Council of Nigeria. This is contained in a statement issued by Kehinde Openibo, Head, Press and Public Communications of the council, in Abuja on Wednesday. According to the statement, the appointment took effect from September 3, in furtherance ...

Hope rises for low rate housing loan as NMRC refinances mortgage pushes for model mortgage, foreclosure law adoption The Nigeria Mortgage Refinance Company (NMRC), the private sector-led secondary mortgage institution in Nigeria, has raised hope for low interest rate on housing loan as it commits to its mandate of refinancing mortgages created by the primary mortgage banks (PMBs) in the ...