Real Estate News

As President Muhammadu Buhari sets to constitute his cabinet, which is hoped to give direction to his economic policy, investors in the real estate sector have tasked him on the need for the review of the age-long Land Use Act and coming up with a special interest rate for housing loan. The investors contend that acting on these two factors ...

The Primary Mortgage Banks that are shareholders of the Nigeria Mortgage Refinance Company (NMRC) have approved an increase of its share capital from N1 million to N18 billion. Also, the chairman of the company and its chief Executive Officer, appraised the company’s performance at its 1st Annual General Meeting, which held in Lagos, recently, reports Bennett Oghifo Business at the ...

A house fire incident in Lagos State, south-west Nigeria, has claimed the lives of five members of a family. According to an eyewitness, the fire broke out overnight in Lawanson area of the Nigerian commercial city. The couple, grandmother, a little baby and a girl were killed by the fire. The only boy who was rescued alive and is currently ...

The Lagos State Government has said that new applicants for Certificate of Occupancy on properties would be issued the document within 90 days of payment. In a statement on Tuesday, the state government said that‎ the speed is to ensure that the process of applying and getting the copy of the C of O is not only less cumbersome but ...

Beneficiaries of Mushin Housing estate under the Home Ownership Mortgage Scheme (HOMS) will be known by the end of this month, Lagos State Government has said. Ministry of Housing Permanent Secretary Mr. Olatunji Odunlami, at a meeting with the prospective homeowners on Saturday, said the project was 95 per cent completed. The Ambode administration, he said, was also restructuring the ...

The Federal Mortgage Bank of Nigeria (FMBN), at the weekend, commended Enugu State Governor, Mr. Ifeanyi Ugwuanyi, for subsidising the houses funded by the bank, appealing to other state governors to emulate the gesture, in order to make houses affordable to civil servants across the federation. Its Managing Director, Mr Gimba Yau Kumo, said that the allocation of the 100 ...

These are photos of the construction of second Niger Bridge that has been ongoing for some time now. Following the controversies surrounding the second Niger bridge construction and funds missing, some were in doubt about the existence of the 11.9km length bridge, but here are proof photos from the construction site.

A fire outbreak in the early hours of Monday, September 7, claimed the life of a 16 year old boy   He was burnt to death along with a duplex at Lekki area of Lagos in the early hours of Monday.   P.M.News gathered that the fire started around 2am on Monday in a duplex at 35C, Ajiran Road, Agungi ...

The Nigerian singer, Davido, his elder brother Adewale Adeleke and members of his entourage which includes HKN producer Shiizii and manager Kamal Ajiboye, over the weekend were in his hometown of Osun State to attend the maiden convocation of the Adeleke University, which is owned by his family. Following that, the HKN crew inspected on-going construction at the Adeleke University’s ...

The People’s Democratic Party (PDP) has lauded Rivers State Governor, Nyesom Wike, for providing affordable housing for people in the state. Rivers PDP Chairman, Felix Obuah, said residents had thus received a new lease of life. This follows the commissioning of 50 lower-high income houses at Iriebe in Obio/Akpor Local Government Area of the state recently. The project is part ...