Real Estate News

The Kano State Police Command says it has started investigation into the cause of the collapsed bridge that killed seven persons in Kano on Sunday. Governor Rabiu Kwankwaso also said the state government would compel the contractor that handled the project to pay for the medical bills of the injured victims. The contractor, the governor added, would pay compensation to ...

The minister of finance, Dr. Ngozi Okonjo-Iweala and her Land and Housing counterpart, Mrs. Akon Eyakenyi, have differed sharply on the delay in the payments for completed projects in the Land and Housing sector in the last three years. The Association of Lands and Housing contractors, led by Alhaji Lawal Adewale, had taken its protest of non-payment to the Federal ...

Demand in the real estate market weakened in the first quarter of the year, however, property prices remain stable. Munachi Okoye, founder and CEO of MCO Real Estate joins CNBC Africa for focus on Nigeria’s real estate sector. Watch video below:

According to the Financial Times, state-owned China Railway Construction Corp. (CRCC) has signed two contracts worth nearly $5.5 billion with Nigeria and Zimbabwe. The Nigerian project further cements the company’s leading role in the Nigerian construction industry, and is also a milestone in the “going global” of Chinese railway, said Meng Fengchao, board chairman of CRCC. Citing stock exchange filings ...

Homeowners within the Pearl Garden Estate situated at Sangotedo Village in Eti-Osa Local Government Area of Lagos State have sued a property developer, Oyetubo Jokotade and his firm, Estate Resource Limited over alleged incessant harassment and imposition of arbitrary charges. The claimants in the suit which is before Justice Abisoye Bashua of the Lagos State High Court sitting in Epe ...

About N200.59bn worth of properties have been lost to fire incidences in Lagos in the last five years. The ministry of Home Affairs and Culture gave this figures at the ongoing 2015 Ministerial Press briefing to review activities of the sector in the last one year. Oyinlomo Danmole, who is the Commissioner for Home Affairs and culture, noted that a ...

Headquartered in Lagos, Knight Frank Nigeria – trading as Knight Frank Nigeria Partnership – has grown to be one of the largest firm of estate surveyors and valuers in Nigeria and across Sub-Saharan Africa. Founded in Nigeria in 1965, the partners attributed the firm’s growth down to their high-standards of professionalism, commercial acumen and integrity. Knight Frank Nigeria is part ...

Dr Aliyu Wamakko is the deputy president of the Real Estate Developers Association of Nigeria (REDAN). In an interview with a LeadershipNG correspondent he spoke on several issues bedeviling the housing sector and how they can be tackled He said the current administration has tried its best to see that they address the issue of housing problem in Nigeria through ...

The first annual conference estate agency, coming under the Association of Estate Agents in Nigeria (AEAN), in conjunction with NIESV, with the theme: “Branding and Public Perception of Estate Agency Practice in Nigeria” was staged by the bodies which brought together stakeholders at the Lagos Airport hotel, Ikeja in Lagos Nigeria, last Thursday. The event had in attendance government officials ...

The United Nations Human settlements programme (UN-Habitat) has proposed a seven point housing agenda, and if adopted by the in-coming Buhari administration, this could transform Nigerian cities into functional, productive, equitable, resilient and safe place to live in. The proposed agenda is consistent with research findings and policy advocacy that the agency have pursued over several years, harped on the ...