Tag Archives: Abuja

The two chambers of the National Assembly have passed into law a bill which seeks the establishment of the Federal Capital Territory Internal Revenue Board. The bill, among others, empowers the Federal Capital Territory Administration to establish its own Internal Revenue Board which would have, among others, the legal powers to collect tax on property.According to the harmonised report of ...

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 ...

Driven by a need to have befitting edifice that would among other things shore up its revenue base, the Nigeria Bar Association (NBA), has shown stronger appetite for property acquisition and development and thus it has unveiled a six-storey complex that would serve as its Lagos Secretariat. The umbrella body of all legal practitioners in Nigeria has also commenced construction ...

Messrs Eagle Hills, the Abu Dhabi-based real estate investment and development company handling the development of Abuja Centenary City, has appointed construction giants, Julius Berger Nigeria PLC as a key collaborator and developer of the multi-billion dollar city. Centenary City is a joint venture between the Federal Government and Eagle Hills to create the city of the future in Abuja. ...

In a bid to provide housing for the informal sector, the Federal Housing Authority (FHA) last week entered into a partnership with traders in Abuja for the delivering of 5,000 housing units in the Federal Capital Territory (FCT). Under the scheme with the National Association of Nigerian Traders, the first phase will start in the site for the proposed FHA ...

Minister of the Federal Capital Territory Administration, FCTA, Senator Bala Mohammed disclosed at the weekend that the FCT accounts for 10 per cent of the 17 million housing deficit in Nigeria. The minister disclosed this while commissioning a 49-unit luxury apartments christened “AICL Apo- Dutse Housing Estate”. According to him: “From statistics, the housing deficit in Nigeria is about 17 ...