Real Estate News

An architect, Mr. Lewis Ali has identified policy inconsistency in the housing industry as the major problem of development in the sector in Nigeria. He said that successive administrations have come up with one policy or the other for the development of the housing sector, but that such administration that formulates the policy never accomplishes it. Ali who disclosed this ...

Lafarge Group and Holcim have successfully completed its $40 billion merger following the successful completion of the merger between Lafarge Group of France and Swiss Company Holcim. The new group to be known as LafargeHolcim will now work towards creating one of the highest performing companies in the building materials industry. The company said in a statement in Lagos on ...

The University of Ilorin has appealed to the Federal Government to assist the institution retrieve its mini campus, seized by the Kwara Government. The appeal is contained in a letter dated June 26, signed by the university’s Vice Chancellor, Abdulganiyu Ambali, and addressed to the Permanent Secretary of the Federal Ministry of Education. A copy of the letter was made ...

The Peoples Democratic Party’s (PDP) national vice chairman South South, Dr. Cairo Ojougboh has described the centenary city built during President Goodluck Jonathan’s administration as a ‘blueprint for corruption.’ According to WIKI, “Centenary City is an ambitious new project by the Nigerian Government to build a smart city along the same lines of as Dubai, Monaco and Singapore. The city ...

Providers of luxury apartments in Nigeria’s high-end neighbourhoods usually advertise the sale or lease of their properties in foreign currencies, especially the US dollar. Banana Island in Lagos is one of such exclusive neighbourhoods where the sale or lease of property is denominated in dollar. The island is the most expensive place in Nigeria and one of the most expensive ...

The Governor of Akwa Ibom state, Udom Emmanuel has intensified his call on FG’s attention to the menace of gully erosion and terrible federal roads within the state. Udom Emmanuel, has held a closed door meeting with President Muhammadu Buhari in a bid to get the Federal Government’s intervention in some issues affecting the state. He spoke with State House ...

The Ogun State Property and Investment Corporation (OPIC) has completed 9.4 kilometres of residential and industrial roads in Agbara Estates aimed at developing industries in the axis; easing haulage of raw-materials and finished goods to and fro scores of manufacturing industries. Speaking on the construction of roads in the estates, Taiwo Aridegbe, OPIC’s general manager, said that government had constructed ...

Shelter Africa, a Pan-African Finance institution that offers exclusive support on housing and real estate sector development in Africa, has pledged to support the construction of housing units for hundreds of civil and public servants in Ogun state government’s employ with N2 billion. Shelter Afrique, a partnership of 44 African Governments, the African Development Bank (AfDB) and the African Reinsurance ...

The Federal Capital Territory Administration (FCTA) has assured on its commitment to providing serviced land for organized private sector investors in housing so as to make housing delivery easy and accessible. John Chukwu, FCTA Permanent Secretary, gave this assurance at the opening ceremony of the just concluded Abuja Housing Show. He pledged the administration’s readiness to liaise with relevant ministries, ...

With what is, arguably, an impressive outing in the last three years during which it excited the Nigerian housing market with about 15,000 housing units in a total of 48 projects, Lekki Gardens is out again with an ambitious projection that targets one million housing units to be delivered by 2023. This target, according to officials of the company, is ...