Real Estate

The Minister of Power, Works and Housing, Babatunde Fashola, says Nigeria needs emergency action to guarantee a rapid turnaround of the deplorable road network in the country. Mr. Fashola stated this while speaking with journalists during the assessment of the deplorable condition of the 96-kilometre Ilorin-Jebba-Mokwa road on Tuesday evening. Mr. Fashola also called for an amendment of the procurement ...

Before we weigh the pros and cons between a residential property and a commercial property, let’s define the two real estate terminologies. A residential property is any property that derives all or nearly all of its income from dwelling units. Single-family homes, multi-families, apartment buildings, condos, co-ops are all residential. For commercial property, we’ll use a typical layman’s definition: property ...

Realtor Knight Frank projects that Kenya will attract more foreign real estate investors seeking growth opportunities in the fast-growing African cities due to its investment hub status. Knight Frank’s Africa Hotspots bulletin states that these investors will increase their investments in Nairobi’s real estate market up to 2019, mainly banking on the projected rise in population and high spending patterns ...

The Real Estate Developers Association of Nigeria (REDAN) has finalised arrangement to organise workshop for stakeholders in real estate sector in collaboration with the Center for Housing Studies, University of Lagos. The 2-day event which is proudly supported by the Housing Programme on AIT Abuja and Housing Time on Raypower would be declared open by the Minister of Power, Works ...

This article tells you what you should know and subsequently do to access an estate developer’s loan in Nigeria. It is a long process in gaining access to funds for that estate development project.  Estate developers in Nigeria have one major constraint and that is the cost of acquiring land which is the first stage on a somewhat tumultuous path ...

In almost the same measure, tributes and concerns have trailed the state government’s decision to install streetlights on major roads across the state. The lightings, which are currently being deployed in phases, are eliciting excitement and anxiety in residents who have expressed doubts about the sustainability of the project. The government had planned to install streetlights in specific places, including ...

Finding a bad landlord isn’t hard at all especially in Lagos. Bad landlords have a reputation that shapes the face of their entire neighbourhood. This article reveals signs that tell your landlord is a bad person. Dealing with a terrible landlord is worse than having a boss you will never be able to please. There are so many bad landlords ...

With the country facing a massive need for the provision of infrastructure across the country, the Minister of Power, Works and Housing, Babatunde Raji Fashola has elected to spend a whooping 62% of his budget on road projects. Fashola had earlier come up with a total of N433billion as his budget for the mega ministry he heads. He drew up a ...

It was revealed at the Senate Committee sitting at the Federal Capital Territory that former President Olusegun Obasanjo awarded $841.6m Abuja Rail Project without MoU (Memorandum of Understanding) or an engineering design.  This revelation was made by the Project Manager of a Chinese civil engineering and construction company, Etim Abak, on Monday. The Minister of FCT and current governor of Kaduna ...

The Cinderella who walked into fame while selling bread has just been offered a furnished luxury apartment in Lagos and an enrollment into the poise fashion school. The Luxury apartment is said to be awarded to her as part of Sujimoto’s CSR this Valentine season. Chris Ogunlowo shared the news on his Facebook wall as he shared the pictures stating that ...