Tag Archives: Nigeria

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 ...

Going by the recent report by Climate Central, an organization that is consistently monitoring climate change and its effects globally, 20 countries are said to be at risk from sea level rise. The countries included Nigeria where one percent of the population may likely be affected, especially, in the coastal areas, while China, Vietnam, Japan, India Philippines and Netherlands, among ...

Nigeria’s real estate industry may not perform well in this current year, if the nation’s fiscal policy and the present regime of naira devaluation persist, professionals within the built environment have said, predicting low activities of the market in 2015. This is coming at a time the Central Bank of Nigeria (CBN) says it is working to beef up the ...

Investors in the Eko Atlantic and residents of the areas adjoining it can now behold the beauty of the new city emerging from the ocean following the unveiling of special street lighting that illuminates the skyline at night. The developers of the city say from Ahmadu Bello Way on Victoria Island and the Marina on Lagos Island, the first residential ...

A new statistics released last week by Nigerian Building and Road Research Institute (NBRRI) shows that Nigeria ranks very low in road network and housing in the comity of nations. The Director General/CEO, Nigerian Building & Road Research Institute (NBRRI) Prof Danladi Matawal made this declaration during this year’s Public Lecture of the Nigerian Academy of Engineering which held at ...

In this interview, Otunba Tunji Sotimirin shares his views on various aspects of real estate and housing issues arising in Nigeria. He also has some very insightful messages for real estate investors, developers and practitioners in general. The youths are not left out too, just as he also has something to say about retirement. Please read and leave your comments. ...

A 27-year-old man, Michael Abodurin, has been stabbed to death by hoodlums called by his landlady, Mrs. Idowu Adenekan, in the Oworonsoki area of Lagos. According to PUNCH, the problem started after the deceased’s friend could not pay back the N200 he borrowed from the landlady last year. It was gathered that after it dawned on Adenekan that the debtor ...

The coroner probing the September 12 Synagogue building collapse, Magistrate O.A. Komolafe, has dismissed an application seeking a temporary suspension of the inquest. Komolafe, while dismissing the application on Wednesday, described it as an abuse of court processes. The Founder of the Synagogue Church of All Nations, Prophet Temitope Joshua, filed the application asking Komolafe to put on hold further ...

Apparently worried by the high cost of housing delivery in Nigeria, the Federal Government has begun to woo key players and stakeholders in the public and private sectors of the economy with concessions and waivers that would enable them provide affordable housing to millions of homeless Nigerians. Indications to this effect emerged last week at one-day pre- summit for the ...