Real Estate News

The Apapa Branch Chairman of the Nigerian Society of Engineers (NSE), Mr. Olalekan Taiwo, advised the public not to use refuse to reclaim land in some parts of Lagos. Taiwo told newsmen in Lagos that the practice was “like sitting on a time bomb“. Refuse is used to reclaim land in Akute, Ajah and other swampy areas in Lagos. “Refuse ...

The all talked about Nigeria’s Eko Atlantic Megacity, which was on February 21, 2013 given the go ahead to begin construction is one of the country’s most promising ground breaking event. Two years on, it is now preparing to house its second building, a luxurious 26-storey skyscraper. The first, a 15-floor Afren Plc Towers which will be the company’s new ...

EAGER to assist real estate professionals in improving the quality and competitiveness of their activities by sharing knowledge, information and business opportunities, the Nigerian chapter of the International Real Estate Federation (FIABCI) has concluded plans to send delegates to the 66th World Real Estate Congress holding at One World Hotel, Kuala Lumpur, Malaysia between May 25-31, 2015. FIABCI is a multi-discipline, networking organization ...

Afriland Properties Plc announced a profit before tax of N1.74 billion for the year ended December 31, 2014, representing a 311 increase compared to the corresponding period of 2013. Based on the profit, the directors recommended a dividend of N499.6 million, which translates Afriland Properties Grows Profit by 311% to N1.7bn into 40 kobo per share. The dividend was approved ...

The National Inland Waterways Authority (NIWA), last Tuesday, said property owners along the shorelines and other parts of Lagos State should not pay dues and levies to the Lagos State Government. NIWA’s directive came on the heels of a statement credited to the Attorney-General and Commissioner for Justice, Lagos State, Mr. Ade Ipaye, that NIWA had no constitutional authority or ...

There are indications that the nation’s teachers will benefit from a free education programme at tertiary levels and better housing scheme when the All Progressives Congress (APC) takes charge of the running of government come May 29, 2015. Nigeria’s Vice President-elect, Professor Yemi Osinbajo, who gave the hint during a consultative meeting with members of Nigerian Union of Teachers (NUT) ...

A number of geopolitical risks have caused instability of the world economic growth and made investors look for where to invest money safely and profitably. The real estate sector is one of the few which have not lost their credibility among investors. The most forward-thinking investors are paying more and more attention to the African continent, where the retail and ...

The heir to a Manhattan real-estate fortune squandered millions of dollars that was supposed to go to a Jewish charity, going on a spending spree that included fancy cars and posh hotels, according to court papers. The United Jewish Appeal claims it was supposed to get the remainder of a trust set up by building mogul Bill Gottlieb, who died ...

A Lagos-based firm, Pazino Engineering & Construction Company Limited, has said it is on a mission to transform Nigeria’s real estate sector to world class by adding new styles and dimension to what is currently in existence. This was disclosed during a chat with the Guardian by the Managing Director of the company, Patrick Agbaza, he said Pazino is set ...

The United Nation, UN, report has estimated that Nigeria’s population would hit 289 million by the year 2050. Beyond the UN, the United States Census Bureau, USCB, also estimated that within the same period, the nation’s population would hit 264 million, thus making Nigeria, the 80th most populous country in the world. Experts believe that with the rising population trend, ...