Real Estate News

The United Nations recently identified the real estate sector as one of the fastest growing in the Nigerian economy, having the capacity to drive economic growth if well harnessed. Despite the uncertainties in the policy direction of the Buhari-led government, investments continue to stream into the real estate space. Focusing on the luxury real estate market, Sijibomi Ogundele, Chief Executive ...

World View: Provision of adequate housing for disabled The lack of disabled access buildings is a common problem, which makes it difficult for disabled people to obtain housing, and in some cases restricts them to living in specialised institutions while many will rather live on the streets. Housing that is not initially designed for the needs of persons with disabilities ...

Dangote Cement Plc has posted a half-year profit after tax of N121.808 for the six-month period ended June 30, 2015, the firm’s consolidated statement of profit or loss and other comprehensive revenue for the period revealed. The amount was 21.65 per cent higher than the N95.440bn profit after tax the cement company announced for the same period of 2014. The ...

Falana seeks prosecution of professionals who cut corners in building construction Stemming from recurring incidents of building collapse in the country, a prominent Lawyer and human rights activist, Mr. Femi Falana has challenged professionals in the real estate industry to expose those who engage in sharp practices in the construction of buildings and in the process put up dangerous buildings ...

Edo community in the Esit Eket Local Government Area of Akwa Ibom State has threatened to block the only alternative route that leads to ExxonMobil facilities in Ibeno, Ibeno LGA. Punchng correspondent learnt that the decision to block the road was predicated on the gradual collapse of the road which leads through Ikot Afaha and Edo community to Ibeno. The ...

Dangote cement plant in Zambia – Vice President Yemi Osinbajo, who was in Zambia on a one-day official visit, commissioned a 1.5 million tonnes Dangote Cement Plant and 30 megawatts (mw) coal-fired power plant in Ndola yesterday. Dangote Group, yesterday, strengthened the bilateral trade between Nigeria and Zambia with the official opening of the Group’s $400 million cement plant, with ...

The on-going exercise by operatives of the Lagos State Special Task Force on Environmental and other Related Offences to rid Lagos of miscreants and other criminal elements, has led to the arrest of illegal occupants of abandoned buildings, hemp smokers and hoodlums suspected to have been terrorising some areas in the state. Those arrested were three female teenagers and 90 adult ...

No fewer than 30 facilities were shut by the Lagos State Environmental Protection Agency in areas, including Ketu, Ikorodu, Ibeju-Lekki, Victoria Island and Surulere. A hotel owned by ex-Super Eagles player, Kanu Nwankwo, the Hardley Apartments, on Victoria Island was among other hotels, churches and mosques sealed across the state on Monday over alleged air and noise pollution. LASEPA said ...

The advisory board of unarguably Nigeria’s foremost awards body for the real estate sector, UNITE awards, has taken an unprecedented step by releasing the selection criteria for the various categories of awards. The move, which is obtainable internationally, is a departure from what is obtainable in this part of the world, where awards are covered in a shroud of mystery and is ...

The Estate Surveyors and Valuers Registration Board of Nigeria, (ESVARBON), has said it desires to have more members register as Surveyors, as it inducted 202 new ones. Chairman of the Board, Elder William Odudu, who inducted the new surveyors at the 36th ESVARBON induction ceremony said Nigeria now has a total of 3,723 estate surveyors, including the new one, which ...