Real Estate News

According to a press release, International Green Structures (IGS Ltd) and Nigeria’s Countrywide Housing Company (CHC Ltd) on Wednesday, along with the Nigerian delegation met with the Export-Import Bank of the United States about a $5.7 million pilot project to build sustainable housing in Kano, Nigeria. His Highness Muhammadu Sanusi II, Emir of Kano, visited the United States for this ...

The Governor of Lagos state, Babatunde Raji Fashola, on Thursday said home ownership through mortgage was the only way to address the problem of housing deficit in the country. The governor spoke at the inauguration of Chois Estate, a housing estate in Lekki area of the state. NAN reports that the 420-unit estate of bungalows and duplexes was delivered by ...

The Economic and Financial Crimes Commission (EFCC) has declared the Chief Executive Officer (CEO) of Kriston Lally EPC Nigeria Ltd, Mustapha Umar Madawaki wanted over charges bordering on a failed housing deal. EFCC spokesperson Wilson Uwujaren confirmed on Thursday that the anti-graft agency was in pursuit of Madawaki over his role in a housing provision contract. Madawaki and the Nigeria ...

In Nigeria, the richest person in real estate is Aliko Dangote, whose net worth is $US 15.9 billion. Although there are no billionaires in Nigeria who have made their fortune solely on real estate, a large part of Aliko Dangote’s wealth comes from his warehouses, luxury flats and commercial buildings in Lagos, Cross River, Kano, Rivers and Abuja. In addition ...

Online real estate marketplace Lamuidi has launched Nigeria’s first property hotline known as Dial-4-Home. According to National Mirror, the hotline was developed as an extension to Lamudi’s market-leading Internet platform to extend access to the country’s largest database of properties to the estimated 50 million mobile users who do not have access to the internet via smartphones and tablets. Speaking ...

The federal government has commissioned 102 units of the ministerial pilot housing scheme in Suleja, Niger State. The housing units, fully funded by the Federal Mortgage Bank of Nigeria (FMBN), is the first of such exercise in the six geo- political zones of the country. The minister of lands, housing and urban development, Mrs Akon Eyakenyi, who commissioned the project ...

Ondo State government has taken a giant leap in its tourism revolution as it has constructed the first world class hills resort. With this latest effort, the governor of the state, Olusegun Mimiko, has demonstrated his unalloyed commitment to development and promotion of tourism in the state. The newly built hills resort is built in the ancient town of Idanre, ...

Worried by the high rentage in some major cities in Nigeria, some stakeholders in the Nigerian project have called on government at the state and federal levels to enact law on rent control. They have opined that government needs to act now to save the masses from the exploitation of some landlords, stressing that anything short of a rent control ...

The concessionaire, New Festac Development Company limited has said that the land reclamation and infrastructural development of the second phase of the FESTAC Town is expected to cost N401bn. The company’s spokesperson, Mr. Uche Edeani, said the preliminary stage would cost about N100.25bn ($500m), while the main construction work would be done at the rate of N300.75bn ($1.5bn). He said ...

Worried by incessant building collapse in the country, the Federal Government has concluded plans to review the National Building Code (NBC) as part of measure to end the menace. Speaking on the NBC, the Minister of Lands, Housing and Urban Development, Mrs. Akon Eyakenyi, said that serious moves were being made to curb the menace of building collapse in the ...