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Society

850 churches have been destroyed by Boko Haram – PFN

church boko haram

The terrorism of Boko Haram in the north eastern part of Nigeria has taken many lives since the sect broke out about 6 years ago. Properties have also been destroyed, and in taking stock, one will realize how much work will need to be done in putting the north east back in shape, in terms of real estate. The President, ...

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Is ‘FESTAC’ a lost cause?

What is today known as ‘FESTAC’ sprang from the 2nd Festival of Black Arts and Culture hosted by Lagos in 1977. The Festival which was under the grand patronage of former President of the Federal Republic of Nigeria, Chief Olusegun Aremu Obasanjo who was then a Lt. General of the Nigerian Armed Forces and the Head of the Federal Military ...

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Social Media as a viable tool in Real Estate

Social Media

Social media is a relentless globe trotter who has proven over the years that he is on an unending quest and like Duracell battery; “it never says die,” however don’t abuse it because doing so will be at your own peril Social media is one of the fastest and most cost effective ways to share your brand with a large ...

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The history of Lekki Peninsula and what you should know

lekki peninsula

Since her grand introduction into the Lagos metropolis, Lekki has become a haven for the high and mighty. Lekki Peninsula is an area on the Lagos Island in Nigeria which contains expensive residential suburbs that throws poverty into the Atlantic Ocean. The Peninsula adjoins the commercial Victoria Island district and the residential Ikoyi area. It has got a reputation as an ...

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FESTAC phase II project expected to cost N401bn

festac town

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 ...

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Haven Homes unveil new designs for 2015

One of Nigeria’s top real estate companies delivering affordable luxury homes, Haven Homes has completed and delivered a brand new set of home designs to its subscibers at Richmond Gate Estate situated in Lekki. Speaking on the concept behind the 2015 home designs, the company’s spokesperson Mr. Sonuga explained that the new designs were conceptualized with more sensuality and adaptation ...

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Ogun pledges to repair Atan-Agbara road

In order to bring succor to users of the Atan-Agbara road, Ogun State government has promised to construct the road which is situated in Ado –Odo / Ota Local Government Area of the state in order to reduce hardship faced by motorists and residents of the area. The Special Adviser / Managing Director, OPIC, Mr. Babajide Odusolu who made this ...

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Economy: High end properties struggle for tenants

The real estate sector is believed to be a sector which responds fast to the tune of any economy. This invariably means that the sector derives success or failure from the state of the economy. This is what inspired the view of Mr. Chude Obosi, the African President of International Real Estate Federation (FIABCI) who expressed that high end properties ...

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World’s most expensive apartment to cost $400m

The city-state of Monaco is known for the ceaseless extravagance which exists there. There is more to come as the city which serves as playground for the ultra-wealthy will soon be home to the world’s most expensive apartment, rumored to be valued at $400 million. Currently under construction, the pricey “Sky Penthouse” will be located atop the Odeon Tower, the ...

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‘Beware of imposters’ – Ogun warns Homeowners’ charter subscribers

Ogun State distributes 5000 Cs-of-O

Whilst making effort to combat fraudulent acts trailing the housing scheme over allegation of imposters pretending to be officials of the Ogun state government, saddled with the responsibility of regularising property documents under its Homeowners’ Charter Scheme, the state has called on all property owners to be wary of such fraudsters. The announcement of caution, which came last week at ...

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