Real Estate News

Optimism hinged on the incoming General Muhamadu Buhari’s administration continue to swell as prominent Nigerians believe that the country’s economic situation is going to be revived. Speaking at the 12the Unique Interiors Exhibition organized by Messrs Finishes, held at the Federal Palace Hotel, Victoria Island, yesterday, chairman of the occasion, Dr. Ore Falomo, stated that the incoming Buhari administration portend ...

The Economic and Financial Crimes Commission, EFCC, on May 18, 2015 arraigned one Opara Edmund and his wife, Amarachi Opara before Justice O.O Oguntoyinbo of the Federal High Court Owerri, Imo State on a 2-count charge bordering on obtaining money by false pretence. They pleaded not guilty to the charge. The accused persons were alleged to have collected money from ...

Nigeria’s real estate investment is expected to increase by 49 percent by the year 2020 to reach $13.65 billion, auditing firm PricewaterhouseCoopers (PwC) said a new report. The report titled ‘Real Estate: Building the future of Africa’ predicted the sector will grow at 8.7 percent making it the sixth largest in the economy. The growth will be on the back ...

Pune, India: Five students, including four foreign nationals, were allegedly duped of Rs 2.78 lakh by a real estate agent and his aide, on the pretext of helping them get flats on rent in Kondhwa between February and April. The agent, Punit Nandwani, and his aide (name not known) are on the run. Two of the students are from Nigeria, ...

Former Head of State, Gen. Abdussalami Abubakar has argued that there are fewer sectors of the economy where the gap between needs, means and supply is wider than housing in the country. This, he maintained, is against the background of the fact that the housing deficit in Nigeria has been put between 16 – 17 million units. This is even ...

In an effort to stimulate opportunities in real estate and infrastructure sectors that can increase their contributions to the nation’s Gross Domestic Product, one of Nigeria’s leading Facilities Management Company, Alpha Mead Facilities and Management Services Limited (AM Facilities) is staging facilities management roundtable on key sectors of the economy. The annual Nigerian Facilities Management Roundtable is organized by AM ...

Lagos-based Real Estate and Engineering Firm, Pazino Engineering & Construction Company Limited has said it is on a mission to transform Nigeria’s real estate sector to world class standard by adding new styles and dimension to what is currently in existence in the sector. Managing Director of Pazino ECC Ltd, Mr. Patrick Agbaza, who dropped the hint in Lagos, lamented ...

While commissioning 108 housing units in Durumi District of the Federal Capital Territory (FCT), Abuja, last week, the outgoing Kano Governor used the opportunity to announce the signing of a new agreement for the sale of 286 units of houses and 44 hectares of land to a Chinese firm at the cost of over N5 billion for the establishment of ...

The outgoing Governor of Kano State, Rabiu Kwankwaso, has commissioned 108 housing units in Durumi District of the Federal Capital Territory (FCT), Abuja. The housing project named ‘Evergreen Residences’ consists of 108 housing units of 5 and 4 bedroom maisonettes, 4 bedrooms terraces and 3 bedroom blocks of apartments. The project, together with another project consisting of over 400 residential ...

What is today known as ‘FESTAC’ sprang from the 2nd Festival of Black Arts and Culture hosted by Lagos in 1977. The Festival which was under the grand patronage of former President of the Federal Republic of Nigeria, Chief Olusegun Aremu Obasanjo who was then a Lt. General of the Nigerian Armed Forces and the Head of the Federal Military ...