Real Estate

With the increase in smart technology and artificial intelligence, going digital is becoming the ideal route to attain success as a business or organization, especially in the real estate industry. Over the last decade, the Nigerian real estate industry has experienced significant growth and has risen to become the 5th biggest contributor to the GDP of Africa’s largest economy. Most organizations, businesses, ...

An estate surveyor and valuer, Chief Kola Akomolede, has revealed plans to shed more light on some of the challenges confronting the housing sector, with a view to helping stakeholders find solutions to them. Akomolede said the thoughts had been captured in a book entitled ‘40 years of housing discourse’, a compilation of some of his articles which had been ...

The management of the Adeleke University, Ede on Friday, August 10, called on the police in Osun state over a threat from the Oshun Ceramic Industries Limited to demolish all buildings on the premises of the university. The registrar of the university, Oyerinde Oyejola, said in a letter written to the commissioner of police in Osun state that the university ...

Mr. Olayinka Omotosho, Chairman, Royal Institution of Chartered Surveyors (RICS), has appealed to the Federal Government to provide long-term funds to mortgage institutions to enhance their scope of operation. Omotosho reported on Monday in Lagos that affordable housing could only be achieved through effective mortgage system, which was not available in the country. He said the conventional banks offering mortgage ...

The General Manager of West African Ceramics Ltd, foremost manufacturer of the ROYAL brand of tiles, grouts and tile adhesives, Mr. Bhaskar Rao, has stated that the idea behind opening of ultra-modern showrooms across the country known as Royal Exclusive Showroom stocked with the company’s range of products is basically to support affordable housing in Nigeria. Rao disclosed this at ...

A Sokoto Chief Magistrates’ Court, on Monday, granted four traders bail in the sum of N400,000 for alleged theft and receipt of stolen property. The accused are; Bashar Malami, 28; Hassan Umar, 27; Mubarak Hassan, 26 and Saifullahi Mohammed, 26. The suspects, who reside in Sokoto metropolis, are facing three charges of criminal conspiracy, theft and receiving stolen property. They, ...

Abandoned Properties – The once boisterous building located close to Ikeja under bridge, at Awolowo Road has remained a shadow of its old self-courtesy of the recent sealing order obtained by the Economic and Financial Crimes Commission (EFCC). The mixed-use building, which used to be centre of attraction, is currently placed under lock and key by the anti-graft agency and ...

The Lagos State Government (LASG) has signed a major agreement with an experienced international railway systems aggregator and rolling stocks manufacturer, Alstom SA of France, on the Lagos Rail Mass Transit project as part of efforts to rev up the multi-modal transport system in the State. Following a comprehensive review of the rail project, which ought to have commenced passenger ...

The Akwa Ibom State Government says it has rehabilitated about 400 public schools in the last three years in spite of the economic situation in the country. The Commissioner for Information and Strategy, Mr. Charles Udoh, made the disclosure while speaking with newsmen in Uyo on Sunday. Udoh said that the state government had compiled the list of all public ...

The Federal Mortgage Bank of Nigeria has announced that Nigerians above 18 with a steady paycheck will now be able to access up to N5 million housing loan without equity contribution. This was stated as one of the new conditions for accessing mortgage funds from the bank. According to a statement by Zubaida Umar, the revised requirements are a 100% ...