Real Estate News

Globacom has launched a mouth-watering and innovative product tagged Phonelord which rewards its subscribers for housing Glo SIMs in their phones. The company said from now on it would pay its subscribers rents for using their phones to provide shelter for their Glo SIMs just like tenants pay rents to landlords. Launching the product in Lagos on Wednesday, July 10, Globacom’s Coordinator ...

In another bizzare Lagos building collapse, four persons, including a 15-year-old hawker identified only as Sukurah, lost their lives on Sunday after a two-storey building under construction, collapsed in Surulere, Lagos State. The building collapsed around 10am during  the early morning rain, three people were rescued and were responding to treatment at different hospitals. A friend of the 15-year-old victim, Tobi, ...

Beyond the normal inconveniences — interruptions in Medicare, the darkening of the National Zoo’s panda cam — the government shutdown threatens to rain on the one bright spot of the economic recovery: The housing market. Lenders looking to process new mortgage applications will be blocked from basic services, like verifying Social Security numbers and tax return documents from the Internal ...

Mr. Lanre Mabinuori the Project Director of Prime Exchange Limited, a real estate development company says paucity of funds is one of the major factors militating against massive property development in the country. He said this during a seminar for the company’s marketing network team in Lagos on Saturday. Mabinuori, who said many banks were not willing to lend to estate developers, ...

This is an exclusive interview with Chief (Dr) Christian Francis Ipoola Olaniyan Land Investment interview with Chief (Dr) Olaniyan…Born to parents who were teachers, he also ended up an educationist after having the best education available back in the 40’s.The founder of Victory Schools, Ikeja and other various establishments, he was one time Hon. Commissioner for Establishment and Training, old ...

In an unprecedented move, Johannesburg-based RMB Westport, South Africa’s second-largest financial-services company, announced the property unit of its investment banking arm has raised $250 million to develop real estate in West Africa. The initial sites will be in Nigeria, Ghana and  Angola. Retail and mixed-use development will be the primary objective. Africa currently has strong demand for high-grade retail and ...

President Goodluck Jonathan is expected to declare open on Thursday the 43rd Annual General Conference of the Nigerian Institution of Estate Surveyors and Valuers. The Estate Surveyors Conference will hold in Benin City, Edo State. The conference, which will discuss topical national and international issues, and also serve as a social gathering for members of the institution, will last for ...

A middle-aged man, Mukaila Adebesin, allegedly set ablaze six people for smoking hemp in Ita Balogun Compund, Ago-Oko, Abeokuta. He was arrested by the Ogun State Police Command. The victims are Adesanya, 20, Sulaiman Adebesin, 20, Saburi Seteolu 18, Raheem Bello 19, Azeez Alabi 20, and Kola Sodeinde 19. It was gathered that the victims were allegedly set ablaze by ...

The Ogun State Government has begun the construction of Magboro road in Obafemi/Owode Local Government area of the state. The 7.5-kilometre road, which links Magboro underpass along the Lagos-Ibadan Expressway with the residential areas, according to a statement from the Information Unit of the state Ministry of Works and Infrastructure, has never been asphalted. Speaking on the development, the Commissioner ...

The Senate last week stepped down the passage of the Social Housing Bill meant to provide mass houses for the poor and low income earners, citing faulty procedural and legal technicalities that would affect the implementation of the proposed law. The Chairman, Senate Committee on Housing and Urban Development, Senator Bukar Ibrahim, while presenting the committee’s report, had explained that ...