Real Estate News

 Ekiti State Governor, Dr. Kayode Fayemi, on Wednesday launched an integrated snail farm billed to generate N6bn profit yearly from export and provide 2,000 jobs when fully operational. The snail farm at Okemesi Ekiti in the Ekiti West Local Government Area of Ekiti State, christened, Egbeja Snail Village, is a private initiative of Dem Eli Farms and Merchandise; and Farmkonnect ...

Four friends on Tuesday appeared in a Magistrates’ Court in Ikorodu, Lagos, for allegedly destroying property worth N3.5million. The police charged Oyenuga Wasiu, 52; Yekinni Fatai, 32; Oteniya Kazeem, 50; and Salau Olayinka, 39; whose addresses were not provided, with conspiracy, felony and wilful damage. The defendants, however, pleaded not guilty to the four-count charge. The Prosecution Counsel, Insp Adegeshin ...

 The State Commissioner for Housing, Jagunmolu Akande Omoniyi, made this known on Monday, while chatting with journalists in his office, Oke-Mosan, Abeokuta, the state capital.  Omoniyi said the abandoned estates located at Ayetoro, Ikenne, Ago- Iwoye, Ijebu-Igbo and Ota, had been built over the years, noting the housing estates would be given a face-lift to allow residents have access to ...

After several consultations with relevant stakeholders in the built sector, the Real Estate Development Association (REDAN)), an umbrella body of all registered real estate developers in Nigeria, is set to sign a memorandum of understanding (MoU) with Family Homes Funds to build 100 housing units in each of the 774 local government in the country.  Family Homes Fund (FMF) is ...

The Federal Government on Monday alleged that the Oyo State Government was granting approvals for the construction of buildings and mining activities on federal roads in the state. It said this had created a huge problem and slowed down the construction work being embarked upon by the Federal Government on the Ibadan-Ilorin Road, Section III (Oyo-Ogbomosho) project. The Director, Highways ...

Residents of Anambra Housing Corporation Estate, phase two, have accused some officials of the Anambra State government of fighting to grab a parcel of land meant for the building of a recreational centre in the estate. The Chairman of the Association in the estate, Prof Stanley Udedi who spoke to journalists during a meeting of elders of the estate, on ...

Have you ever thought about how to become a millionaire in one year? Did you know that salary alone can no longer sustain you in this current Nigerian economy? Did you know that the real estate sector is where the rich hide their money? Did you want to learn the secret behind all these even if you do not have ...

Property developers in the Federal Capital Territory, Abuja, have lamented that the COVID-19 locked down stalled their housing projects that would have been completed to boost the nation’s stock. One of the firms affected is Brains and Hammers, a real estate development company. The Project Director, Mr Muktari Musa revealed its projects, which were conceived as self-sustaining and affordable programmes, ...

Despite the devastating impact of COVID-19 on all sectors of the economy, experts believe it is not over for real estate, even as they reel out silver linings for investment. Dayo Ayeyemi reports  To conservative individuals, this is not the best time for real estate investment due to COVID-19 crisis, which, within the space of five months, has partially eroded ...

President, Real Estate Developers Association of Nigeria (REDAN), Alhaji Aliyu Oroji Wamakko, has hailed federal government`s Economic Sustainability Plan (ESP) initiated in response to economic challenges caused by COVID-19 pandemic. Wamakko enjoined the federal government to tap into the huge job creation potentials in the private sector in its efforts towards Nigeria’s economic growth and development. He stated this on ...