Real Estate

Amidst the lip service being paid by the government on provision of affordable houses, stakeholders have argued that property prices in real estate may continue to escalate due to rising cost of construction materials. This might be worsened by the Land Use Charge (LUC) law made by Lagos State government, which other states may in no distant time start to ...

A two-party consortium consisting of Oando PLC (“Oando”), in conjunction with its midstream affiliate, Axxela Limited (“Axxela”) (formerly known as Oando Gas & Power) and Oilserv Limited, has been awarded the Engineering, Procurement, Construction (EPC) mandate for the Ajaokuta – Abuja portion (Lot 1) of the Ajaokuta-Kaduna- Kano Pipeline system (the “AKK Pipeline”) by the Nigerian National Petroleum Corporation UNNPCW. ...

The laying of the standard gauge tracks as part of the ongoing construction of Lagos-Ibadan rail line will not affect the daily operations of the Lagos District. Mr. Augustine Arisa, the Acting Lagos Railway District Manager (RDM), of the Nigeria Railway Corporation (NRC) disclosed this in Lagos on Thursday. The acting RDM also said that the district transported no fewer ...

The Delta State House of Assembly has taken steps to end what it described as “ property development fraud” and exploitation to Deltans, saying that bill to regulate the process would soon be passed. Mr. Sheriff Oborevwori, the Speaker of the House who spoke to DAILY POST in Asaba on Wednesday, disclosed that the Delta State Property Development, and Real ...

A 53-year-old landlady, Rita Olukanmi, on Wednesday appeared in an Ikeja Magistrates’ Court for allegedly stealing property worth N1.4 million belonging to her tenant. The accused, who resides at No. 19, Oduduwa St., Aboru, Lagos, is facing a three-count charge of conspiracy, housebreaking and stealing. The accused, however, pleaded not guilty to the charge. The Prosecutor, Insp. Victor Eruada told ...

The Lagos State Government on Wednesday said it had mobilised contractors with N5.6 billion to begin construction of 181 roads. Mr. Ade Akinsanya, the state Commissioner for Works and Infrastructure, made this known at the Government House, Alausa, at the 2018 Ministerial Press Briefing to mark three years in office of Gov. Akinwunmi Ambode. Akinsanya said that the sum represented ...

Four persons have been reportedly confirmed dead during a fresh attack on workers at a construction site by herdsmen at Nche-Tahu close to Rafi Bauna in Bassa Local Government Area of Plateau State. After the incident launched by suspected Fulani herdsmen on Wednesday morning, one of the masterminds simply identified as Shagari was arrested by security agents. The attack came ...

For not meeting their housing needs, Federal Government employees are mounting pressure to break the monopoly of National Housing Fund (NHF) on workers’ contributions. To show their seriousness, they are currently seeking withdrawal of their contributions from the NHF to Federal Government Staff Housing Loans Board (FGSHLB) for easy access to their money. Their demand is contained in the proposed ...

The Minister of Power, Works and Housing, Babatunde Fashola, has asked the Quantity Surveyors Registration Board of Nigeria to blacklist any quantity surveyor who flouts the ethics of the profession. According to Fashola, many practitioners find it tough to uphold their professional ethics, a development that is impacting negatively on the nation’s economy. The minister, who spoke at the recent ...

Learning how to navigate the murky waters of real estate investments /is just like any other business or career: It takes time to get good at it. Too many people get frustrated very easily and give up, and this is not only the case with real estate. A lot of people also assume that real estate investment starts and stops at ...