Real Estate

No fewer than 1,306 Nigerians died in road accidents in the fourth quarter of 2017, the National Bureau of Statistics (NBS) has revealed in its ‘Road Transport Data for Fourth Quarter 2017. The fatalities were said to have been recorded in 2,489 road crashes which occurred in the fourth quarter of 2017. Giving a breakdown of the accident statistics, the ...

The Managing Director of the Nigerian National Petroleum Corporation (NNPC) Properties Ltd, Mr. Danny Sokari-George, has said that the company is determined to deliver quality and affordable houses with the best funding options for staff of the corporation. Sokari-George, who disclosed this recently at the maiden edition of NNPC Properties Ltd (NPL), Festival in Abuja, however, cautioned the staff against ...

In the early hours of Tuesday, February 20, 2018, a bulldozer powered its way into No 11 Sambo Close in the Kaduna metropolis. Before long, the property occupying that address had been reduced to rubble. The demolished property belongs to Senator Suleiman Hunkuyi who sat in a meeting where the decision to suspend Governor Nasir Elrufai from the APC was ...

After months of sustained discussion, the Lagos State Government Tuesday signed a memorandum of understanding (MoU) with First Investment Property Company (FIPC) to redevelop and complete 472 units at Ilubirin Housing Scheme. The state government, therefore, disclosed that the scheme would be constructed in seven phases, adding that the existing structure, which is already underway, would be completed in 2019 ...

Illegal landlords who had encroached into LASU lands through the deceit of land speculators, have in a new twist, said they don’t want to be tenants to the institution but abide only by the state government’s policy on the issue at another stakeholders meeting aimed at reaching an amicable resolution on the matter. Funmi Ogundare, who has been following the ...

Perturbed by the high level of homelessness among Nigerians, the Federal Government has been urged by real estate experts to establish a housing microfinance fund or shelter fund to provide affordable houses for those in need of accommodation. Establishment of housing microfinance fund, according to Social Housing Activist and International Housing Finance Specialist, Mr. Adekunle Faleti, will enable low-income earners ...

Searching for where to buy land in Nigeria is not a walk in the park especially when the buyer is new to property transactions.  In view of this, the first thing that should come to mind when you want to buy land is the issue of finance. Although finance is the major fuel that drives the intent to buy land, ...

Loans from banks to the industrial sector of the Nigerian economy grew by N1.74 trillion in three years from a total of N4.54 trillion in the first quarter of 2015 to N6.28 trillion by the final quarter of 2017. The loans were disbursed to four sub-sectors of the industrial sector: mining and quarrying, oil and gas; power and energy; and ...

The Senate President, Dr Bukola Saraki has assured Nigerians that the federal government is committed to security of lives and property in every part of the country. He said the legislature would continue to collaborate with the executive to ensure that Nigerians are safe wherever they live across the country. Saraki gave the assurance in Kaiama, Kwara state where he ...

The Lagos State Building Control Agency, LASBCA, at the weekend shutdown eight more houses at Ebute Metta and Surulere areas of the state for illegal development of buildings. The agency also arrested nine people found on site during the enforcement exercise carried out in collaboration with task force officials. Last week, LABSCA had shutdown a Redeemed Christian Church of God, ...