Real Estate

The Federal Government has reiterated its commitment to developing holistic strategies involving all tiers of government and the private sector to tackle housing challenges in the country.  Mr. Mohammed Bukar, Permanent Secretary, Federal Ministry of Works and Housing (FMWH) said this in his opening remarks at the Eighth Meeting of the National Council on Lands, Housing and Urban Development in ...

A section of Balogun market in Lagos has reportedly been gutted by fire. The market caught fire in the early hours of Tuesday, November 2019, after traders resumed their sales for the day. @LAG_FireService Can you guys please get to obalende or sura now cuz im on 3rd mainland. Can't tell the exact address of this place but its just ...

To bridge the housing deficit, some players in the sector have canvassed the need for authorities to build decent and affordable houses for the low and middle-income groups. They say, making funds available to real estate developers and mortgage institutions to develop low-cost houses for the masses can bring a change to the industry. They also said if that was ...

The FCT ministerial task team on traffic-free flow in Abuja has demolished fences of a bank and other commercial buildings in Dutsen Alhaji following the expiration of the 72 hours ultimatum issued to them by the team. Bulldozers deployed by the team pulled down parts of the perimeter fence of a commercial bank and other commercial buildings located by the ...

Land grabbers, bandits, kidnappers and other unauthorised persons have taken over state governments’ farm settlements, forest reserves, dairy farms and other public agricultural ventures in the country. It was gathered that following neglect by successive state governments, farming equipment and machines in the farm settlements had either been vandalised or stolen with the connivance of civil servants and politicians. Findings ...

A 37-year-old man, Abdulganiyu Awoyemi, has been arraigned for stealing angle iron (construction material consisting of pieces of iron or steel with an L-shaped cross-section, able to be bolted together) worth N2.5m belonging to a judge with the Osun State Judiciary, Justice A. B. Abdulkareem. The suspect, who was arraigned before an Osogbo Chief Magistrates’ Court, was said to have ...

Enamoured by the improvement of Nigeria’s ranking in the ease of doing business index recently released by the World Bank, Minister of Works and Housing, Mr. Babatunde Fashola, yesterday demanded more active roles from state governments to ensure a better experience for citizens. Fashola, who was the guest speaker at a stakeholders’ engagement forum by the Lagos State Real Estate ...

Nigerian Ajayi Adeniyi Olugbenga, one of the 60 Nigerian engineers being trained in China, is enthusiastic about learning advanced manufacturing and maintenance technology in the industrial city of Anshan, Liaoning province. The 41-year-old engineer arrived in August to Northeast China’s Liaoning province for six months training of theory, transformer design and equipment maintenance, reported China Daily. To upgrade Nigeria’s power ...

Governor Seyi Makinde has ordered the contractor handling over N65 billion Naira Construction of Ibadan Circular road to stop work at the site with immediate effect. The Governor gave the order this Thursday after paying on-the-spot inspection to the ongoing construction of the Ibadan Circular road. Governor Makinde expressed displeasure over the level of work done at the site despite ...

In the real estate investing business, real estate investors need to be familiar with the term Escrow to make the most out of an investment. If this term is new to you, then keep reading! In this article we would discuss what escrow means, how it works, escrow accounts, their uses in the real estate business, what influences escrows, and ...