Real Estate News

On a sunny Thursday afternoon in November 2014, Nonso Ofole, a motor sports park entrepreneur, arrived at his project site in Abuja to a great shocker – a Julius Berger-owned earth-mover was clearing the site he said is duly his. Julius Berger, is a German-owned Nigerian-based construction firm. What followed after Mr. Ofole observed the construction company allegedly trespassing his ...

Unemployment is an epidemic in Nigeria right? Or so I have heard. I live in Lagos and I have a job, so I shouldn’t complain. Wish that were so. Don’t get me wrong, I love my chosen field, at least unlike many of my peers am actually doing what I made up my mind to do, and then am working ...

The Nigerian Institution of Surveyors (NIS), an umbrella body of real estate professionals referred to as ‘land surveyors’, says it is strategizing to deal with pseudo-practitioners commonly called quacks. The institution explains that it is planning a country-wide education of its members at the state branches, through seminars and workshops, to make them understand what they are expected to do ...

Coming from the court, the Federal Government of Nigeria has lost ownership claim to a portion of a vast landed property, lying and being at Akure/Owo/Ilesa Road, Ondo State, on which the Federal College of Agriculture, Akure is located. However, the court said the government only has ownership right to 685.9 acres instead of its claim to 965.5 acres. It ...

The efforts of the Ogun State Government to reduce the problems associated with land title documentation may have been hijacked by persons interested in defrauding the residents. Residents of some parts of Ogun State have raised the alarm that they are being visited by suspected imposters who pretend to be officials of the state government, and demand for money to ...

The federal government plans to double its value-added tax (VAT) and cancel government projects if oil prices continue to slide. Coordinating Minister for the Economy/Minister of Finance, Dr. Ngozi Okonjo-Iweala said this in an interview with The Wall Street Journal. According to OKonjo-Iweala, the country is reviewing some 6,000 ongoing projects to see which will be kept, delayed, or scrapped. ...

Dwellers on Yeye Street, Iwaya in the Yaba area of Lagos State have petitioned the Lagos State Governor, Babatunde Fashola, the state’s House of Assembly and the ministry of justice, among others on the alleged blockade of the street by one Alhaji Wahab Adamson It was learnt that Adamson fenced the area after a court ruling which vested on him ...

Real estate developers are always confronted with the perennial problem of being responsible for the provision of basic public amenities that should ordinarily be provided by the government in the bid for developers to make the houses they are constructing livable. This was the view of Mr Hakeem Ogunniran, Managing Director of UACN Property Development Company (UPDC) Plc, who in ...

Every society has its exclusive locations where those who are, socially and economically, out of the ordinary nestle their homes generally defined by sophistication, taste, class and luxury living. Nigeria has a fair share of such locations nurtured and sustained by its fast-paced urbanization, an exclusive class of the nuveau-riche and a growing clan of the middle class whose access ...

In its efforts to maximise opportunities such as potable water supply, agriculture, power, tourism, aviation, transport as well as trade & investment in the Kashimbila Multipurpose Dam for the benefit of the host communities and the country at large, the federal government is set to commission the Dam next month. The Minister of Water Resources, Mrs. Sarah Ochekpe made the ...