Real Estate News

Africa’s richest man, Alhaji Aliko Dangote has revealed that he doesn’t have any property outside Nigeria despite his immense wealth. The foremost business mogul whose net worth for 2015 is valued at $21.6billion, according to Forbes also disclosed that Chief M K O Abiola advised him against investing in the media. According to Leadership, the chairman of Dangote Groups said ...

Governor Umaru Tanko Al-Makura of Nasarawa state has cautioned officials of his government not to attempt selling government property in the state. Al-Makura said in a statement in Abuja by his special assistant on media and publicity Ahmed Tukur that he would not condone such act and would deal decisively with any of his officials involved in fraudulent sales of ...

Bestman Games have announced that the 2015 edition of the Unilag’s Faculty of Environmental Sciences Finance and Real Estate monopoly tournament, organized by Bestman Games, will hold on July 23 at the Akoka campus of the school. According to the organisers, Bestman Games, the tournament, tagged ‘City of Lagos Monopoly,’ will feature about 2, 500 students drawn from within and ...

Nigeria’s state-backed mortgage-refinance company plans to sell 440 billion naira ($2.2 billion) of bonds as it seeks to expand access to housing funds, its chief executive officer said. The Nigeria Mortgage Refinance Co. will start with the sale of 10 billion naira of debt next week, the first step in a quarterly program to raise 140 billion naira, Charles Inyangete, ...

The new management of the Greater Port Harcourt City Development Authority (GPHCDA) has promised to complete the phase one of the new city within the next five years. And to ensure that safety of those who will be involved in the development of the new Port Harcourt city, the GPHCDA is to liaise with the State Police command and other ...

The Nigerian Institute of Estate Surveyors and Valuers has called on the Federal Government to restructure the budget in such a way that more funds would be allocated to the housing sector in order to reduce the housing deficit in Nigeria. NIESV noted that considering the housing deficit in the country, which currently stands at about 17 million units, such ...

River state Ministry of Housing has said it will soon begin to recover all government residential and office houses which are illegally occupied. This was made known by the Commissioner for Housing, Mr. Emma Okah, during an unscheduled visit to the state-owned Iriebe Satellite Town, one of the many state government-owned housing estates across the state. The commissioner, who was ...

Accounting giant Pricewater Coopers (PwC) has projected an increase in real estate’s contribution to the gross domestic product (GDP) from $9.16 billion to $13.65 billion next year if the right environment is created. It urged operators to brace themselves for the challenges ahead and key into the opportunities in the sector to grow the economy. Managing Director, Alpha Mead Facilities ...

When you think about the most expensive offices space in the world, cities like New York and London,with their reputations as global financial centers, spring to mind. However, when it comes to pricing, Lagos, the commercial capital of Africa’s largest economy has managed to find a comfortable spot among them. Dolapo Omidire of Quartz.com examines how Lagos has arrived at ...

Lagos State Governor, Akinwunmi Ambode, has declared that no toll will be collected at the second point on the Lekki- Epe Expressway. Ambode also assured that his government would be one of continuity with improvement. The governor made the comments on Sunday, June 21, 2015, during an interactive session with journalists at the Banquet Hall of the Lagos House, Ikeja, ...