Real Estate News

Boat operators under the aegis of the Association of Tourism Boats Operators and Water Transporters of Nigeria (ATBOWATON) have asked the Federal Government and the Lagos State Government (LASG) to upgrade the infrastructures along the Lagos State inland waterways while also improving the security of the waterways. Addressing newsmen, on Wednesday, in Badagry during a tour of the Badagry-CMS inland ...

Let’s face it, Nigeria’s rising inflation plus lower options for high-yielding investments are already driving a significant number of investors away from Africa’s leading frontier market. This is coming at a time when Nigeria’s top-performing investment asset class for 2020 is currently having a year-to-date return of around -3.30%. Recent data published by the National Bureau of Statistics (NBS) reveals ...

Governor Gboyega Oyetola of Osun on Thursday inaugurated a N3.1 billion flyover construction at the popular Olaiya junction in Osogbo. Oyetola, during the inauguration, said the project was in swift response to the need to secure the future population explosion of the state capital. He identified meeting traffic needs, eradicating needless auto crashes and enhancing the quality of lives of ...

The Lagos State Government has announced plans to shut the Third Mainland Bridge from midnight, Friday, February 19 to the midnight of Sunday, 21, 2021 for final rehabilitation works. The bridge, which has been under repairs for the past six months will be shut to allow the contractor to cast the final rehabilitated expansion joint before it will be finally ...

Mrs. Gloria who just became a landlady shares her journey into home-ownership. She laments about the menace of site workers, Omo-onile and so many other challenges she faced when her building project was going on. Please read her interview below. NREH: Can we get a brief introduction about what you do and how you started planning to build? My name ...

The family of an Anambra State-based lawyer, Harold Ekwerekwu, has accused the Chief Judge of the State, Justice Onochie Anyachebelu, of illegally acquiring their family land for personal gains. The family accused the Chief Judge of unjustly issuing an ex-parte order to demolish the building on the family land. Speaking with SaharaReporters, Ekwerekwu said the disputed land sited in Onitsha ...

The Lagos State Government(LASG) has warned residents that it would no longer condone any abuse of building laws in the state. The warning followed the spate of buildings collapse and flagrant disobedience to the regulations guiding the erecting of buildings in the state. The state government(LASG) said it has noticed that many residents are building without due recourse to state ...

Residents and landlords of Victory Park Estate, Lekki, Lagos State have accused the Asset Management Corporation of Nigeria (AMCON) of harassment over their properties, despite pending court cases and orders. Two of such cases were filed by Mrs. Bose Ibude and Mr. Okechukwu Okoli and his wife against AMCON and its Receiver/Manager, Mr. Lanre Olaoluwa. The Plaintiffs obtained injunctions against ...

Ile Arugbo: Kwara State Government on Tuesday got a legal green light to proceed with building on the controversial Ile Arugbo land in Ilorin, with the court striking out the Bukola Saraki’s suit challenging the government’s take over of the land. Justice Abiodun Adewara of the Ilorin High Court struck out the case on Tuesday for “lack of diligent prosecution”. ...

If concerted efforts are not urgently put in place to address Nigeria’s housing deficit, which has continued to increase astronomically, it may grow to 25 million by the end of this year. This was revealed by the chairman, organising committee of the Real Estate & Construction Expo tagged ‘RECON Expo 2021’, Dr. Somadina Anene, at a press conference on the ...