Real Estate

Premium Times reports that the Economic and Financial Crimes Commission, EFCC, Ibadan zonal office, on Monday‎ executed the interim order granted by a Federal High Court, Ado-Ekiti, in respect of the property of Teedek Polytechnic, Ilogbo- Ekiti. The institution was allegedly being operated by Johnson Babalola, a former Principal Manager of the Central Bank of Nigeria, CBN, without the requisite ...

What if I told you one hundred years from now, the human population will be living in underwater cities and in 3D-printed homes? The first thing that comes to mind when we hear real estate is apartment complexes and skyscrapers dotting the skyline, brick and mortar coming together to form a solid building where we can put our heads, whether ...

As reported by News 24, residents of Port Harcourt in Rivers State are not finding it easy to breath. For over eight weeks, the air residents of the oil city breath is rather becoming more poisonous than it gives life. Complaints had come from residents, as they wipe off soot from their wares, cars and other items every day. The government, ...

Business Day reports that Developers, investors, high net-worth individuals, private wealth managers, asset management top executives and real estate investors’ trust who will be gathering at a breakfast session in Lagos next week have been promised of exciting and fulfilling moment as Pat Utomi, an economist and thought leader, will be offering insights on the economy and how it impacts ...

As reported by Reuters, Dangote Group, controlled by Africa’s richest man Aliko Dangote, plans to launch a rice mill with a farm scheme in Nigeria. This is to tap growing demand for paddy in Africa’s biggest economy, the company said on Monday. Rice demand in Nigeria hit 6.3 million metric tonnes (MT) in 2015, with 2.3 million metric tonnes produced ...

Pulse reports that Ex-Minister of the Federal Capital Territory, Senator Bala Mohammed, and his son, Shamusideen Bala Mohammed will be forfeiting 10 of their properties to the Federal Government. In a recent report by Punch Newspaper, Bala and his son are to temporarily forfeit the properties as ordered by two high courts in Abuja. Also to be forfeited by Bala ...

Experts who gathered at the real estate outlook conference for 2017 have proffered a mixed economic outlook for the sector seen to be reflecting the current state of business activities in Nigeria, Pulse reports. According to the Managing Director, Alphacrux Limited, Tobi Adama, the sector in 2017 is still reeling from the effects of the economic downturn and the implications ...

The Convener, Coalition of Democrats for Electoral Reforms, Chief Ayo Opadokun, on Monday commended Lagos state government’s plan to ban Danfo buses from plying roads in the state, Punch reports. Opadokun said that reckless driving by Danfo drivers made life unbearable for everybody on Lagos roads. “They drive without adhering to traffic rules and regulations and they do it so ...

The Guardian reports that the Nigerian economy continues to suffer one of its worst recessions in recent history. Transaction in the Lagos real estate sector have remained slow since last year culminating in a fall in Lagos house prices. According to the Nigeria Bureau of Statistics (NBS), the Gross Domestic Product (GDP) recorded negative growth in the first two quarters of ...

As pipeline vandalism continues with reckless abandon in the oil rich Niger-Delta region of the country, an ex- militant leader has come out to give reasons why the problem still persists. AN ex-militant leader, Seiyifa Gbedeke, aka General Cairo, yesterday, said that the major reason for  pipeline vandalism in the Niger Delta region was that some ex-militant leaders working at ...