Real Estate News

Dangote Cement Plc., owned by Africa’s richest man, Aliko Dangote, has commissioned $500 million cement plant in Ethiopia. The inauguration of the cement plant which was held last Thursday, had in attendance, several Nigerian business leaders and government officials from Ethiopia led by the Ethiopia Prime Minister, Haile Mariam Desalegne. The cement plant has an installed capacity of 2.5 million ...

Buoyed by the seeming success being achieved in housing delivery in the state, Lagos Homs board management has set to introduce different products that would attract more ownership in the metropolis. Speaking on the backdrop of the last draw where 42 beneficiaries took possession of their homes, Chief Executive Officer (CEO) of LagosHoms board, Mr. Akinola Kojo Sagoe, said the ...

Residents of Epe, korodu and Ibeju-Lekki have called on Governor Akinwunmi Ambode to urgently commence the repair of several parts of the roads in the axis. They listed Parafa- Agbowa axis as the most dangerous section of the road, as it filled with craters, thereby creating opportunity for hoodlums to attack motorists, especially, in the evening or early in the ...

A chartered estate surveyor and valuer , Mr. Benjamin Oti has given a pass mark to the percentage of home ownership in the country, saying that Nigeria is not the lowest in home ownership among nations. He said that Nigeria’s home ownership rate was not bad, as compared to other African countries by whatever method or means of comparison. Oti ...

Lagos-based online marketplace for properties, Hutbay, has unveiled customizable web pages for estate agents and developers, to boost their online presence. Hutbay made this known to TechCabal via an email conversation with company CEO, Owolabi Olatunji. According to an official release from Hutbay, the customizable web pages, which has been in beta for some weeks now, will allow real estate ...

Nigeria Mortgage Refinance Company plc plans to raise up to N10 billon by issuing 15-year bonds, as part of its N140 billion medium-term note programme, to access long-term funds from the capital market for its refinancing activities. The proposed bond is considered an impact bond as it is expected to provide the much needed funding that will engender increased mortgage ...

The Overseas Private Investment Corporation, the US Trade and Development Agency, and the Millennium Challenge Corporation, have restated their commitments to support Nigeria and other African countries in the development of sustainable infrastructure, Vanguard reports. Last week the US agencies  highlighted the need to bridge the huge infrastructure gap on the continent notably in power, health and road infrastructure. Speaking ...

Nigerian Institution of Estate Surveyors and Valuers (NIESV), Lagos State branch has appealed to new government in Lagos State to extend its hands of fellowship to the institution in the area of formulating, implementing and executing some policies in strategic areas in real estate sector so as to effectively and efficiently carry out to achieve its objectives. Such areas include ...

Abdullahi Muhammed Hanga, the Kano State legal practitioner, is scheduled to appear in court on Tuesday following his arrest for alleged property fraud. The Economic and Financial Crimes Commission (EFCC) arraigned him before Justice Aisha Mahmud of Kano State High Court for alleged fraud to the tune of N45 million. It is alleged that one Hadiza gave the accused the ...

A report by the National Bureau of Statistics has revealed that Lagos, Abuja and Portharcourt, Nigeria’ commercial, administrative  and petroleum industry capitals respectively, are the top real estate investment destinations, and account for as high as 65 percent of all activities  in this asset class. The report indicates that Lagos has the greatest amount of real estate activities at 37 ...