Real Estate

I call this approcah the Rent-to-Own or Lease option. The beauty about rent-to-own is that it takes care of the challenge of the tenant. The dilemma about tenancy is that you can be a tenant in a house for thirty years, paying your rent as at when due. If by the thirty-first year you lose your job and cannot pay, ...

The residents of Abule Oki and eight other adjoining communities in Agbado Oke-Odo Local Council Development Area of Lagos state have appealed to the state government to complete the dredging and concrete lining of the Aboru canal. According to them, the completion of the concrete lining of the Arigbanla canal has exposed, and put them at the mercy of a ...

The governorship aspirant of the Peoples Democratic Party, PDP, in Lagos State, Jimi Agbaje, has vowed to cancel the controversial Lekki-Epe toll gate, if elected into office come February 14. According to him, this is because the toll gate is untenable as it is standing on an existing road. Agbaje disclosed that the Lekki Phase 1 inner bridge would remain ...

The Lagos State Governor, Babatunde Fashola, on Tuesday condoled with the victims of the fire outbreak at the Balogun Market on the Lagos Island, promising to rebuild the structures. Fashola, who spoke during a visit to the market, said he was happy that no life was lost in the incident. Before his arrival, governorship candidates of the All Progressives Congress, ...

For a number of reasons which include the persisting housing deficit estimated at 17 million units, rising urbanisation and evolving scenarios that are likely to stimulate supply, investors and developers are optimistic that the real estate sector in Nigeria will become vibrant again after the general elections slated for next month. Presently, the sector, on account of political activities and ...

Three-hundred-thousand Nigerians spent about N310 billion on vacation in Dubai, the United Arab Emirates (UAE), in December, 2014, more than the annual budgets of a majority of the states in Nigeria. BusinessWorld Intelligence reveals that they spent about N60 billion on flights, N9 billion on visas, N120 billion on accommodations and N110 billion on shopping. A source in The First ...

The Ondo State Governor, Dr. Olusegun Mimiko, will today (Monday) signal the commencement of general rehabilitation of roads across the state. The Commissioner for Information, Mr. Kayode Akinmade, said in a statement on Sunday that 100 roads would be rehabilitated in the first phase of the project, which will be carried out in the three Senatorial districts of the state. ...

The Building Collapse Prevention Guild has said it is important to understand the meaning and concept of storey building that has long been confusing to construction practitioners. The body said in a statement signed by its President, Mr. Kunle Awobodu, that understanding the use of the word ‘storey’ in building construction would help to distinguish different heights of buildings for ...

The Chairman of the Peoples Democratic Party in Ife-North Local Government Area of Osun State, Mr. Lekan Obisakin, has berated the state government headed by Rauf Aregbesola over alleged neglect of community roads in the state. Addressing members of the PDP, who contributed a sum of N20m to grade a 49 kilometre road linking many towns in the council at ...

In a desperate bid to raise funds ahead of February general elections, politicians seeking or sponsoring candidates for elective posts have started selling their property in major cities of the country such as Lagos, Abuja and Port Harcourt. According to a report by PUNCH, the development had crashed property market value as the politicians reduced the cost of their property ...