Real Estate

Lagos State Governor, Akinwumi Ambode on Monday unveiled the newly constructed Layby on Allen Junction to decongest traffic on Obafemi Awolowo Road in Ikeja, Lagos, Southwest Nigeria. The governor, who was represented by the Commissioner for Transportation ‘Ladi Lawanson, said the project had been created to respond to the traffic congestion and gridlock usually occasioned along the axis due to ...

The Economic and Financial Crimes Commission (EFCC), on Monday said it was not aware of alleged seal-off of houses believed to belong to President of the Senate, Dr. Bukola Saraki. Acting Head, Media, and Publicity of the commission, Mr. Tony Orilade said this in Abuja on Monday that his office was unaware of the issue. “I have not been briefed; ...

In a bid to reduce incidents of building collapse in the country, the federal government has introduced an emerging technology in building process. The new technology known as Pozzolana comprises materials with property of cement and offers 40 per cent cement replacement in building construction. Onu Speaking while commissioning the National Building and Road Research Institute NBRRI, Pozzalana Pilot Plant ...

Finally waking up to the realities that some Federal Government properties still rot away in Lagos, the National Assembly has begun investigation into the abandoned National Provident Fund building, now known as Nigeria Social Insurance Trust Fund (NSITF) along the Badagry expressway. The culture of waste that has recently dotted Nigeria’s landscape, continued to take its toll on properties and ...

Vice President Yemi Osinbajo, at the weekend, said the federal government will deal decisively with individuals and organisations that made the list of high-profile obligors of Asset Management Corporation of Nigeria (AMCON). He said the debtors have made it impossible for the corporation to resolve its outstanding N5trillion debt, thereby holding the entire country to ransom with their bad behaviour. ...

The Federal Housing Authority (FHA) has announced Umar Gonto as the new acting Managing Director/Chief. His appointment is following the expiration of the term of Prof. Mohammed Al-Amin-led management on May 6. An official from the Ministry of Power, Works and Housing, who pleaded anonymity, said Gonto was appointed to act in line with the Federal Government guidelines on succession ...

An Oyo State High Court sitting in Ibadan, the state capital, under the leadership of Justice Fadeyi on Tuesday summoned officials of the state government to appear before it on May 14, over a land property allegedly belonging to the Association of the Deaf in Ibadan. Newsmen recall that students of Christian Mission for the Deaf, Ibadan, had dragged the ...

A pipeline installation to transport dry gas through the North and South corridors to the West corridor has been approved by the Federal Executive Council at the cost of N2.5billion. The 30-kilometre pipeline installation project, which is operated by Shell and Seplant, has a dollar component of $32million. It is designed to transport dry gas through the corridors and has ...

The Nigerian Army says it legally acquired its landed property in parts of the Federal Capital Territory (FCT) and advised indigenes protesting alleged land grab to channel their complaints to the appropriate quarters. The Chief of Army Staff, Lt.-Gen. Tukur Buratai stated this on Tuesday in reaction to protest by some indigenes, who barricaded the Air Port road, alleging the ...

Real estate rental investing seems so easy; passive income, property appreciation, tax benefits and more but people often makes some serious rental mistakes. The reality of life as a landlord isn’t so rosy. It’s hard work. It takes time, research and careful study to understand the business. It’s far easier to lose money on rental property than to make money. ...