Real Estate

The Guardian reports that the All Progressives Congress (APC) has said that President Muhammadu Buhari plans to spend the $29.9 billion, he wants to borrow, on reviving the comatose economy and paying contractors, some of who are being owed for up to 10 years. The Guardian reports that APC’s National Chairman, Chief John Odigie-Oyegun, said Sunday night that the President ...

The Federal Government has placed a ban on importation of all types of vehicles into the country through the land borders. The Guardian reports that the Customs Public Relations Officers, Wale Adeniyi, confirmed this in a statement he issued yesterday, said the order takes effect January 1st, 2017. He said: “Importation of vehicles into Nigeria through the land borders have ...

The real estate industry in Nigeria is a goldmine that when explored judiciously can lead to you amassing massive wealth. But there are steps to follow to reach that mark. What does it really take to succeed in your real estate business? 1. Your six-word job description Do you know that your real estate job revolves around six words? If ...

Federal Government has opposed the plan by the Senate to scrap the Federal Roads Maintenance Agency (FERMA) and replace it with the Federal Roads Authority (FRA). The Guardian reports that the upper chamber of the National Assembly was wanting to repeal the Act establishing the agency having being sponsored by the chairman of its Committee on Works, Kabiru Gaya (APC ...

Rent control, like all other government-mandated price controls, is a law placing a maximum price, or a “rent ceiling,” on what landlords may charge tenants. If it is to have any effect, the rent level must be set at a rate below that which would otherwise have prevailed. If rents are established at less than their equilibrium levels, the quantity demanded ...

If there is an investment in the world that has the “never say die” spirit, it is homeownership. You won’t be too far from the truth, if you say homeownership is a tool to reduce poverty and as a route to wealth-building for the middle class. This article tells us why homeownership is a cool investment. A good investment is ...

As part of efforts to improve road networks in Delta State, the authorities made it known that they have embarked on 71 road projects at a total cost of N32.9 billion between May 2015 and November 2016. The Guardian reports that the State’s Commissioner for Works, Mr. James Augoye who spoke in Asaba at a ministerial press briefing explained that ...

Kebbi State Governor, Abubakar Atiku Bagudu has approved the sum of N1.6b for the renovation and rehabilitation of 13 hospitals in the state. The Guardian reports that the Commissioner for Health, Alhaji Usman Umar Kambaza, while briefing newsmen yesterday at the end of the state executive meeting held in Birnin Kebbi, said the renovation and other facilities would cost government ...

UACN Property Development Company (UPDC) Plc, last week unveiled another residential project in Lagos, The Residences, which is a milestone towards reducing the huge housing deficit in Nigeria in general and Lagos in particular. According to The Guardian, The Residences, located within the former Durban Hotel, now Golden Tulip Festac Hotel, Janet Fajemigbesin Street, Off Festac Link Road, Amuwo Odofin, ...

Aframero Limited, an Nigerian provider to the building industry, has called for government’s intervention in the furniture and design sector to make it self-sufficiency in local production. The Guardian reports that the Managing Director, Aframero Limited, Mrs Yetunde Oghomienor who spoke at the company’s customers’ forum in Lagos, noted that 2016 has been an interesting year due to the cost of ...