Real Estate News

In an article written by a man with 20years’ of experience in the new home industry, Chuks UC Ukaoma, who reside with his family in Texas USA, Housing has been pointed out as one of the ways Buhari can remake Nigeria. Read excerpts from the piece titled ‘Nine ways Buhari can remake Nigeria by partnering with private sector’ below: Housing ...

A former president of the Lagos Chamber of Commerce and Industry (LCCI), John Agboola Odeyemi, has called on President Muhammadu Buhari to review the National Infrastructure Policy, towards meeting global best practices.     Odeyemi, who made this call in a brief interview with The Guardian on the sideline of the just concluded Building, Construction and Mining Mart Exhibition in ...

The management of Eko Atlantic City says it has commenced the development of main thoroughfares and access roads in the new highbrow settlements on the edge of the Atlantic Ocean in Victoria Island, Lagos. The firm said this was in line with the promise of a congestion-free city with no on-street parking and free flow of traffic. “Eko Atlantic’s main ...

The Chartered Institute of Stockbrokers of Nigeria has joined other capital market stakeholders in calling on the government to turn to the market in its bid to fund infrastructure projects. The Acting President and Chairman of Council, CIS, Mr. Oluwaseyi Abe, said this while speaking on the recent activities of the institute. He explained that the CIS had in recent ...

The Federal Mortgage Bank of Nigeria has said that out of the four million registered contributors to the National Housing Fund, only 60,000 or 1.5 per cent of the total have been able to access mortgage loans. According to the bank, although the dismal number is due to many constraints to housing finance in Nigeria, the FMBN has adopted a ...

Former Borno state governor, Senator Ali Modu Sheriff has denied reports that he was arrested by the Economic and Financial Crimes Commission, EFCC, saying that anybody with the proof should come forward. While a recent media reports say he was arrested over the mismanagement of N300 billion received by his administration in 8 years, particularly between 2003 and 2011. Sheriff, ...

Criticism of Nigeria as a place to do business is widespread but misplaced. The scaremongers say the country is unstable, with a crumbling economy and threats from terrorist groups. They point to oil shortages, collapsing crude prices , the ferocity of the Boko Haram terrorist group and rampant corruption. But these snapshots do not paint a fair portrait of sub-Saharan ...

The Inspector-General of Police (IG), Solomon Arase, on Wednesday mandated the Police Works Department of the Force to build 6000 units of modern houses for the rank and file personnel. Arase gave the mandate at a one-day workshop held for officers of the works department in Abuja. The IG, however, said that corrupt officers would not benefit from the project. ...

More revelations have been made at the ongoing trial of bankers involved in the re-circulation of mutilated currency notes meant for briquetting running into over N8 billion, as the court Tuesday was told how some of the suspects allegedly purchased properties in South Africa, invested in several housing estates and fuel stations in Nigeria, and operated fat accounts domiciled in ...

The study entitled: ‘The Lamudi Quarterly Barometer for Lagos,’ which was for the period between January and March, 2015, was based entirely on data on properties listed on the Lamudi platform by a network of real estate agents and property developers as well as data on search inquiries carried out by property seekers. The report showed that in terms of ...