Real Estate News

The retail sector of the real estate industry in Nigeria is set to receive a boost, as an investor, RMB Westport, has concluded plans to unveil a new mall along Lekki corridor in Lagos State, December 2015. Called, Lekki Circle Mall, the initiative is coming after a successful completion of the popular Ikeja City Mall, also owned by the same ...

Determined to follow through on his vision to transform the Federal Housing Authority (FHA), its Managing Director, Professor Mohammed Al-Amin has said that FHA’s management will not be distracted on its mandate to turn around the Authority. Al-min, who said this in Abuja at the weekend during a ceremony to mark his investiture as an ambassador of ethics and conscience, ...

Believed in its capacity to deliver, the Enugu State Government has struck a deal with a local real estate development firm, BTG Group Nig. Ltd., to deliver 1000 housing units with a new mass housing solution. This came to the fore last week, even as BTG Group has concluded on a partnership agreement with WEILER GMBH Germany, to set up ...

The Nigeria-USA Chamber of Commerce (NUSACC) has concluded plans to hold a summit where at least $1 billion Diaspora funds will be mobilised to help plug infrastructure gap in Nigeria. The 5th International Summit will take place between August 27 and 29, 2015, at Mayflower Renaissance Hotel in Washington DC, the United States. A statement by Primus Igboaka, secretary, NUSACC, ...

The United Nations Environment Programme ( UNEP), has urged the Nigerian financial regulatory agencies to enforce sustainable financial principles in their activities, to ensure that the country aligns with the global effort at enthroning a more prosperous world, devoid of poverty and brown ecosystem. Sustainable finance principles is one of the emerging practices that stipulates in the pursuit of profit, ...

In a bid to unlock profitable ventures in the real estate sector, Lekki Gardens parley investors and stakeholders on investment opportunities. The indeginous firm made this known recently during Lekki Gardens Investment Forum 2015, which was held in Lagos with the theme; ‘Unlocking Sizable Investment Opportunities in the Nigerian Real Estate Market’. Speaking during the event, one of the guest ...

Governor of Kano state, northwest Nigeria, Abdullahi Ganduje has tasked labour unions in the state to join hands with his administration towards evolving a realistic housing scheme for workers in the state. According to a statement signed by Baba Halilu Dantiye, Director-General, media and communications to the governor, Ganduje lamented that so far, a sustainable housing scheme for the workers ...

Nigeria’s Federal Ministry of Lands, Housing and Urban Development has inaugurated an Inter-ministerial Committee to device ways of conserving energy in public buildings in the country. The Chairman of the committee and Permanent Secretary in the ministry, Mr. George Ossi, said on Friday in Abuja that the committee was in line with the renewed commitment of the ECOWAS Heads of ...

The National President, Real Estate Developers Association of Nigeria (REDAN), Rev. Ugochuckwu Chime, the Executive Director, Policy and Corporate Strategy, Nigeria Mortgage Refinance Company (NMRC), Mrs. Chika Akporji and stakeholders in the housing construction sector on Thursday called on the federal government to channel part of workers’ contribution into the National Pension Fund, which presently stands at N4.9 trillion to ...

Nigeria has one of the lowest number of women investing in real estate compared to other parts the world. The statement was made by Professional women real estate practitioners at the first in the series of ‘The Lady Realtors’ training series held in Lagos on Tuesday, with the theme: ‘Demystifying real estate investment for women’. The programme was organised by ...