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Real Estate

The Nigerian Institute of Building (NIOB)

The professional body responsible for promoting the science and practice of building technology, maintenance, surveying, production/construction management, maintaining a high standard of competence and professional conduct as well as promoting and encouraging the advancement of technical and general knowledge in the building profession in Nigeria is the Nigerian Institute of Building (NIOB). Drawing its origin from a related society called ...

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UPDC finally selects winners of 30-storey design competition

After a keen competition to get world-class architectural design for its proposed real estate project, the UACN Property Development Company Plc (UPDC) has eventually selected two firms for its ‘One Prime’ project, to be located within the neighbourhood of Ikoyi, Lagos State. The selection of the duo, James Cubitt and Design Group, emerged after the developer recently organised a pitch ...

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The BROUHAHA of OGA MARTINS – Episode 2

Welcome to another episode of the FIRST EVER REAL ESTATE FICTION SERIES. This series will expose you to a lot of things tenants and landlords go through with each other, as well as what real estate agents and practitioners go through trying to make a living and how all these affects you and I. All these will be brought to ...

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Dry construction is the solution to mass housing – Nigerite boss

‘With Nigeria’s capital expenditure profile put at 24 per cent of recurrent expenditure in 20 14, falling price of crude oil and a high cost of funds for execution of capital projects, the construction industry in Nigeria is obviously under pressure to evolve more time and cost efficient system of construction.” This was the submission of the Managing Director of ...

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STANBIC IBTC and experts solicit enhanced REIT transactions

In order to facilitate the establishment of an efficient and viable Real Estate Investment Trust (REIT) regime in the country, experts have urged the authorities to fashion out a new tax regulation that will enhance equitable administration of value in the real estate sector. They also called for an urban planning processes to create an improved enabling environment, which will ...

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Nigerian Institution of Estate Surveyors and Valuers (NIESV)

One of the leading professional bodies in the Nigerian real estate industry is the Nigerian Institution of Estate Surveyors and Valuers (NIESV), a non-profit, voluntary, professional body established by a couple of surveyors who had their professional training in the UK and obtained the Royal Institute of Chartered Surveyors certification. The institution, which was created in 1969, was set up ...

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Real Estate agents reveal their dirty little secrets

Unfortunately, the real-estate-agent business is saddled with a poor reputation. According to the real estate agents surveyed by consumerreports.org, that reputation is sometimes earned. Here are a few of the top bad behaviors the real estate agents surveyed say they’ve witnessed, all of which breach the ethical code of Realtors . They’re listed in the order of how frequently they ...

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Edo Govt accused of plot to sell Army Barracks in Benin

second niger bridge

The Peoples Democratic Party, PDP, in Edo State has raised alarm over what it described as the alleged plot by the state government to sell the Nigerian Army Barracks in Ikpoba Hill, Benin City, due to alleged lack of funds for capital development. State Chairman of the party, Chief Dan Orbih, also described the approval of the 27.5 percent allowance ...

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Julius Berger in land tussle with entrepreneur

Infrastructure financing

On a sunny Thursday afternoon in November 2014, Nonso Ofole, a motor sports park entrepreneur, arrived at his project site in Abuja to a great shocker – a Julius Berger-owned earth-mover was clearing the site he said is duly his. Julius Berger, is a German-owned Nigerian-based construction firm. What followed after Mr. Ofole observed the construction company allegedly trespassing his ...

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The BROUHAHA of OGA MARTINS – Episode 1

We promised and we are delivering. We are bringing to you the FIRST EVER REAL ESTATE FICTION SERIES. Through this series you will be exposed to a lot of things tenants and landlords go through with each other, as well as what real estate agents and practitioners go through trying to make a living and how all these affects you ...

Read More »