Tag Archives: real estate

Minister of Power, Works and Housing, Babatunde Fashola, has announced that President Muhammadu Buhari has approved the disbursement of funds recovered from looters under the 2018 federal budget. He made the announcement at the Herbert Macaulay Memorial Lecture organised by the University of Nigeria, Nsukka, yesterday. The Minister also disclosed that the President had approved N120 billion from the funds ...

A Real Estate Investor, Mr. Godswill Adum, has called for the review of the Land Use Act to meet the current realities of the country. Adum, who spoke with our Reporter in Abuja recently, said the current Land Use Act is not favourable to Farmers who had laboured to plant economic trees. He said the compensation aspect of the act ...

We got news this morning that Nigeria Real Estate hub ranked number 8 on the list of best 25 blogs in Nigeria. We are currently basking in the euphoria of this achievement because to become one of the Best Nigerian blogs from thousands of Nigerian blogs on the web using search and social metrics requires hard work, relentless efforts from our ...

The Pro-chancellor and Chairman of Council, University of Lagos (UNILAG), Dr. Wale Babalakin (SAN), has said the government has no money to build infrastructure. Babalakin said the notion that Nigeria is a wealthy country is false, adding that the only solution to the country’s infrastructure deficit is for the government to create an enabling environment for private investors to provide ...

The total recoveries by the Asset Management Corporation of Nigeria (AMCON) since its inception in 2010 till December 2017 rose to over N731 billion, the Managing Director/Chief Executive Officer of the agency, Ahmed Kuru, said on Thursday. Mr. Kuru who disclosed this in a statement sent to the spokesperson of AMCON, Jude Nwauzor, said a bulk of the recoveries were ...

The impact of high mortgage interest on the nation’s housing delivery has continued to be a source of worry for operators. This is because of the importance of housing finance in improving coverage rate, which has unfortunately remained at a dismal 25 per cent. Experts have insisted that housing finance is central to the nation’s economic development. Lack of proper ...

In a renewed move to attract more real estate investors and encourage effective property documentation in the country, shareholders are seeking Federal Government’s intervention to ease land documentation process and fees charged on documentation. National Chairman, New Dimension Shareholders Association, NDSA, Mr. Patrick Ajudua, made the appeal at the just-concluded 12th Annual General Meeting of Infinity Trust Mortgage Bank, ITMB, ...

The Economic and Financial Crimes Commission, EFCC, has urged the Federal High Court In Abuja not to vacate the interim forfeiture order it placed on 19 properties linked to the immediate-past Minister of Petroleum Resources, Mrs. Diezani Alison-Maduke. The anti-graft agency said it traced the properties the ex-Minister bought in Nigeria, the United Kingdom and the United States of America ...

In Nigeria’s real estate sector today, particularly Lagos, there are a number of top Nigerian kings and monarchs who have overtime, become quite influential when discussions regarding the sector are being made.  These are first-class Obas in their own right who have relative measures of strong-hold on their respective empires (communities) and bring about peace & orderliness among their people. To a large ...

Dangote Cement Plc and Lafarge Africa Plc are said to be looking up to investors to help raise capital that will enable the companies to take advantage of proposed infrastructural budgets in Sub-Saharan African countries, including Nigeria. This, they hope, will ensure growth in the sector and overall economic development. Recall that the Nigerian Government had earlier this month passed ...