Real Estate

According to The Nation, the Director-General of Nigerian Building and Road Research Institute (NBRRI), Professor Danladi Matawal, has said using locally-sourced building materials will not only save money for the builder, but can be more environmentally-suited to a particular locality. Matawal, a professor of Civil Engineering, spoke at the 17th Lagos International Housing Fair, which held at the Lagos Airport ...

Here is what Proshare thinks about affordable housing and the slowly recovering economy Today we turn our attention to Nigeria’s housing market. The housing deficit is currently estimated at 17 million housing units, with Lagos and Abuja accounting for 15% and 10% respectively of the total deficit. In both states, several completed residential buildings remain vacant as affordable housing is ...

“As with most commercial cities, land, as a resource, is desirable and crucial to everyone. This accounts for the high premium charged either as rent or land sale in Lagos. But alongside this comes the challenge of land administration in Lagos State, especially as it concerns land grabbers, and title documentation. The state government says it has put in place ...

“The just concluded Spring Meetings of the International Monetary Fund (IMF) provided the Nigerian delegation an immeasurable opportunity to interface with leaders of the Bretton Woods institutions – The World Bank Group and the IMF itself. It was also a venue for bilateral meetings with the Japanese International Cooperation Agency as well as delegations from Switzerland, Norway and a number ...

“The legal tussle over the ownership of two blocks of flats located at 41 Kingsway Road (now Alfred Rewane Road) Ikoyi, degenerated at the weekend when one of the defendants in the suit attacked residents with thugs and demolished the property.”- The Guardian The attack, which was carried out around 4:00a.m. on Saturday left the 91-year-old grandmother along with her ...

Having a good insight into the legal documents and documentations in real estate transactions will give you an edge and put you in better standing when doing business within the sector. The next Debo Adejana Seminar aims to bring this to your knowledge. As we gear up to the 2nd edition of the Debo Adejana Real Estate Seminar for 2017, ...

According to PM News, the owner of the Ikoyi home, Lagos, where $43.4m, N23.2m, £27,800 was discovered by the Economic and Financial Crimes Commission (EFCC) on Wednesday has been revealed. The owner is none other than Ahmadu Adamu Mu’azu, a former National Chairman of the People’s Democratic Party (PDP). A source close to the EFCC told SaharaReporters that the building belongs ...

“In line with the goal of protecting their field of practice and monitoring the real estate sector, realtors have urged governments to intervene in the area of tightening control and restricting conversion of housing to commercial uses.”- The Guardian They argue that such moves are reducing the existing housing stock and advised that governments should not consider housing as a ...

“The Lagos State Government on Monday disclosed that there are over 60 abandoned buildings belonging to the Federal Government on Lagos Island Central Business District, CBD, which have been converted to criminal hideouts by hoodlums.”- PM News Special Adviser to the Governor on Central Business District, CBD, Agboola Dabiri disclosed this on Monday at a ministerial press conference in Alausa, ...

“To stem the tide of building collapse in Lagos and other parts of the country, the Nigerian Society of Engineers (NSE) has called for collective responsibility from professionals in the built environment and members of the public.”- The Guardian The group said the collapse of buildings have become a serious challenge in the country, especially in Lagos area and therefore requires urgent actions so that ...