Real Estate

Ogun State government has threatened to sanction residents and owners of properties across the state over poor sanitation. They urged them to ensure their structures are not overgrown with weeds, saying, anyone found wanting would be sanctioned appropriately. A statement signed by the Commissioner for Environment, Mr. Bolaji Oyeleye, said owners or residents of bushy properties, who refused to clear ...

Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, has called on the African Export-Import Bank (Afreximbank) to invest more in the area of infrastructure development with a view to promoting trade and investment on the continent. Adeosun made the call on Wednesday in Abuja, at the opening of the Afreximbank Annual General Meeting and 25th Anniversary of the organisation tagged: “Celebrating ...

The World Bank and Central Bank of Nigeria (CBN) have initiated collaborations in efforts to review the existing Land Use Act laws and create enabling environment for the mortgage activities to thrive in the country. The move aimed at enhancing housing delivery in the country is coming on the heels of an affirmation that Nigeria has about 16 million housing ...

Experts in the realty sub-sector have revealed that a conducive and energised housing sector could boost Nigeria’s economic recovery strategies. They made the submissions through a housing development group platform in Abuja. A real estate expert, Mr. Victor Mayowa wondered why federal government is yet to understand that a virile housing sector is critical to economic recovery. He lamented that ...

The African Development Bank (AfDB) on Tuesday pledged to work with multilateral institutions and private sector operators to assist Nigeria bridge the infrastructure gap in the country. Nigeria’s cumulative infrastructure financing estimated at about $100 billion annually are projected to reach $3 trillion by 2044. The Senior Director, AfDB Nigeria, Ebrima Faal, said during the Africa Investment Forum (AIF) Roadshow ...

The importance of personal development by reading content-rich real estate books cannot be overstated, especially if you are an investor and your money is at stake. An investment in oneself, they say, is the best form of investment you will ever find.  It’s the secret to separating yourself from the pack, the bridge that carries you toward the goals you ...

Nigeria currently has 17 million housing deficit and would require building one million housing units yearly to bridge the gap in 20 years Vice President of Nigeria, Professor Yemi Osinbajo, and the Minister of Power, Work and Housing, Mr. Babatunde Fashola, will be leading other international experts, chief executives of real estate companies and mortgage institutions to seek solutions to ...

A group of persons, mainly deaf and dumb, on Monday, carried out a peaceful protest around Oyo state government house. They reacted against what they called “illegal acquisition of 20 acres from 39 acres of their land by the Oyo State government”. Mr. Silas Ike who is the National Chairman of the Board of Trustees (BoT) of Christian Mission for ...

NIGERIA Mortgage Refinancing Company (NMRC) Monday urged state governors to lighten the process of granting consent to property development. Speaking at a conference on seeking finance for the mortgage in Nigeria which held in Abuja, a director at NMRC, Mrs. Chii Akporji said modern mortgage requires certain steps that state governments need to take in order to create the enabling ...

Vandals suspected to be members of the Nigeria Labour Congress (NLC), had attacked various MTN offices around the country in the name of picketing and injured staff. MTN Nigeria had been involved in protracted talks with the trade union to reach an amicable decision, all to no avail. Confirming the attack and vandalisation of some properties for the company, Corporate ...