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Real Estate Investors Still Prefer Apapa for Sturdy Property

According to a report/review originally featured on ThisDayLive, Lagos state government have intensified actions to bringing Apapa back to its glory. The once preferred highbrow residential area, home to three of the nation’s biggest seaport might be on its way back to its usual state and even better. Read review below: “With the perennial traffic logjam gradually becoming a thing ...

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Park Inn by Radisson to Open Q3 2016 in Onitsha, Nigeria

Carlson Rezidor further strengthens its presence in Nigeria by announcing the Park Inn by Radisson Onitsha. The mid-market property featuring 152 keys is already under construction and scheduled to open in Q3 2016. It brings the group’s portfolio in Nigeria to 7 hotels with 1,200 rooms in operation and under development. Carlson Rezidor is a leading international player on the ...

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Okereke-Onyiuke , Others Restrained From NSE Property

Justice Mohammed Yunusa of the Federal High Court, Lagos has granted an interim injunction restraining the former Director Genral of the Nigerian Stock Exchange (NSE), Dr. Ndi Okereke- Onyiuke and five others from tampering with the property lying at No 2, Temple Road Ikoyi Lagos. The injuction followed an exparte application brought against the defendants by Chief Bolaji Ayorinde SAN ...

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Azuri peninsula’s apartments brighten real estate market

Originally posted on TheGuardian In designing the project, the podium towers are carefully positioned to maximize views of the marina and garden-piazzas. Located on the ground floor are retail spaces while ample underground car parking is to be found on the lower ground level PRIVATE developers have increased their stakes in the Lagos real estate market with a series of ...

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Govt. proposes new road infrastructure system

IN the wake of increasing dilapidation of roads, maintenance backlog and accelerating loss of asset value, the federal authorities have concluded plans to establish a Road Asset Management System (RAMS) for its road network in the country. The envisioned system will assist the Federal Ministry of Works (FMW) to rationalize decision making in planning, programming, funding, and procurement and in ...

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Lagos woos private investors

The Lagos State Government has restated its determination to work with private investors for the provision of affordable housing for residents under the Lagos Home Ownership Mortgage Scheme. The Commissioner for Housing, Mr. Bosun Jeje, said this at the handover of one of the housing estates under the scheme, which was named after the late nationalist, Chief Anthony Enahoro, by ...

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Fire destroys 7 shops in Asaba


An early morning inferno at the weekend engulfed and razed a block of seven shops in Asaba, Oshimili South local government area of Delta State, destroying property whose value is yet to be ascertained. The fire, which occurred at Stadium Road before the office of the state-owned newspaper in Asaba, was said to have started at about 12am, completely destroying ...

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JOS: Youths burn down PDP chieftain’s house


The real estate sector is beginning to count its loses following the state of the nation. Reported on Leadership this morning, Angry youths from Anguwan Rogo and Zinaria community in Jos North local government area of Plateau State yesterday went after a Peoples Democratic Party (PDP) member and the PDP governorship campaign coordinator for Jos North, Muhammed Adam, after he ...

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Housing Development Can Generate 12 Million Jobs Annually – FMBN


The development of 720,000 housing units required annually to bridge the national housing deficit of about 17 million units can potentially generate 12 million jobs in the country every year. Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Mr Gimba Ya’u Kumo, made this submission, recently, at the commissioning of 102 units of the ministerial pilot housing scheme ...

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Family of Nigeria’s first H.O.S at war over property

There is a current rancor arising from property feud in the home of late Abdul-Azeez Atta, the first Head of Service of the Federation under the then General Yakubu Gowon-led administration. The first-born of the family, Olusegun Atta, has instituted a law suit against his own mother, Mrs. Iyabo Atta, and his other siblings, over an alleged attempt to sell ...

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