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Real Estate

Investors woo Nigerians to US real estate market

real estate

A United States-based real estate investment firm, Houston EB5, has said it is giving Nigerians the prospect of investing in the US property market. The firm, working with a Nigerian real estate company, 3Invest, is raising capital for its latest development, The Allen, a mixed-use luxury development in Houston, Texas. The Managing Director, Houston EB5, Mr. Acho Azuike, said since ...

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Accessing funds go beyond applying to the bank – Adeniyi Akinlusi

Adeniyi Akinlusi

Mr. Adeniyi Akinlusi has over 20 years of extensive experience in leadership positions in banking, strategic leadership, corporate turnaround, and transformation. He is currently the Managing Director/Chief Executive Officer of TrustBond Mortgage Bank Plc. (formerly Intercontinental Homes Savings & Loans Plc.) Read his interview with Nigeria real estate hub below NREH: How can developers access funds through mortgage? Mr. Adeniyi ...

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GenCos releases 3,855 MWH of electricity – Report


Electricity Generation Companies (GenCos), comprising gas-fire and hydro stations, said they released an average of 3,855 megawatt-hour of electricity into the national grid on Wednesday. This is contained in a daily energy report by the Advisory Power Team, Office of the Vice President, and made available in Abuja on Thursday. The report said the electricity sent out by the GenCos ...

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Fashola charges building experts to embrace new technologies 


The Minister of Works and Housing, Mr. Babatunde Fashola, has told construction experts to embrace new technologies, to build smart cities in Nigeria. Fashola, represented by the Federal Controller of Housing in Lagos State, Mrs. Sarah Alawode, made the call at the Fifth Construction Industry Hall of Fame Lecture/Induction in Lagos on Friday. The lecture, organised by Construction and Engineering ...

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Lagos warns developers against building without approval


The Lagos State Government (LASG) has cautioned estate developers in the state not to build without necessary approvals, saying that abiding by the State planning and building controls regulations is the right way to build. The Commissioner for physical Planning and Urban Development, Dr. Idris Salako reiterated this at a meeting in his office with the Association of Real Estate ...

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Enugu Councillor Builds House for Childless Widow

childless widow

After decades of suffering, deprivation and near loss of life, a councillor has given succour to a childless widow in Nsukka Local Government Area of Enugu state. Evaristus Asadu, who represents Nru ward, is building a three-room apartment for Mrs. Caroline Ngwuoke in Iheagu village, Nru Nsukka “to alleviate the suffering of the poor widow before she loses her life ...

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What are the importance of social housing?

social housing

Social housing gives people a home. It’s cheaper to rent than privately rented housing and usually provides a long-term tenancy, giving renters the chance to put down roots. Social landlords tend to be councils or housing associations. The Nigeria National Housing Policy defines ‘Housing’ as the process of providing functional shelter in a proper setting in a neighborhood, supported by ...

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I lost my certificates to forceful eviction – Lawyer claims

forceful eviction

A 55-year-old lawyer, Sim Nnamani, has claimed that he lost his primary, post-primary and law degree certificates as well as other valuables to alleged forceful eviction by his landlord. Nnamani, who lived at No. 12 Falana Street, Iyana Ejigbo, Lagos, claimed to have been forcefully evicted from the one-bedroom apartment he shared with his brother when the former landlord, Gbenga ...

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Buhari sacks probe panel on public property recovery

public property

President Muhammadu Buhari has dissolved Okoi Obono-Obla-led Special Presidential Investigation Panel for the Recovery of Public Property (SPIP).  Buhari, in a release issued on Tuesday by his Special Adviser on Media and Publicity, Femi Adesina, directed the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, to immediately take over all outstanding investigations and other activities of the Special ...

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UN advises FG to impose taxes on vacant houses in Nigeria


Ms. Leilana Fartha, UN Special Rapporteur on the Rights to Adequate Housing, on Monday advised the federal government of Nigeria to impose vacant home taxes with a view to addressing housing challenges in the country. Fartha at a news conference in Abuja expressed concern over the human rights crisis presented by poor living conditions in Nigeria’s informal settlements. According to ...

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