Real Estate
15 Jan
A new report has projected a rebound in cement sector’s performance in 2024 based on the increased infrastructure budget for 2024 at N1.32 trillion and the creation of the Infrastructure Support Fund (ISF) by the Presidency
15 Jan
• Begins 28-storey residential project in Landmark city One of the major investors in Lagos real estate, Landmark Africa has called for a conducive environment for property developers and intervention of the authorities to secure investments along the Atlantic Ocean beach corridor in Victoria Island, Lagos. The company believes that securing the area from social…
15 Jan
A civil society group under the aegis of Take-It-Back Movement (TIB) has decried the impacts of the high rents on households’ income across the country and called for government’s intervention.
15 Jan
Many developers are increasingly rejecting turnkey projects due to the huge financial outlay needed and other operational challenges, despite reduction in new commercial developments.
15 Jan
The Federal Government has completed an audit of the National Housing Programme (NHP) and reviewed the allocation process, while retaining the controversial selling prices for housing units fixed by the Muhammadu Buhari Administration across the country.
15 Jan
The real estate sector in Nigeria, despite its substantial contribution to the nation’s GDP, has faced a downturn in the last three and half years. Several factors contribute to this decline.
1 Jan
Despite economic headwinds and challenges with obtaining building permits, experts predict that the demand for housing will remain strong, and the market will see a steady increase in property values this year.
1 Jan
The Federal Government and key players in the environmental sector have endorsed the Minimum Energy Performance Standards (MEPS) and labeling for lighting, which implementation would commence in the first quarter of next year.
1 Jan
An Abuja-based firm, Messrs Pennek Court Estate has appealed to the Federal Government to provide tax rebate for developers, which will enable them to deliver affordable housing to vulnerable Nigerians.
25 Dec
Faced with the reality of the times, housing experts have emphasised the need for bricklayers to embrace modern technologies, improve quality of constructions and guarantee quality assurance. Speaking at the 2023 edition of the Lagos State Bricklayers Association (LSBA) yearly general meeting (AGM) themed: "Traditional Masonry Techniques and Advancing Building Technology", a past President, Nigerian…
25 Dec
The Lagos State government has pledged to address the myriad of challenges mitigating the full growth of the industry through enforcement of all relevant laws guiding real estate investment across the state. Governor Babajide Sanwo-Olu made this pledge at the fourth Lagos Real Estate MarketPlace conference and exhibitions themed: "Real Estate Regulation: A panacea for…
25 Dec
The Federal Government has entered into partnership with a consortium of private developers for the delivery of 100,000 housing units in 36 states and Federal Capital Territory.
Latest
1 day ago
President Bola Tinubu has appointed a new board to oversee the affairs of the Securities and Exchange Commission (SEC). Tinubu announced the appointment of seven Nigerian professionals on Friday in a statement by presidency spokesman, Ajuri Ngelale. The SEC board has Mairiga Aliyu Katuka as Chairman; Emomotimi Agama is Director-General while Frana Chukwuogor is Executive…
1 day ago
The Nigeria Customs Service (NCS) has warned the public not to fall for a video suggesting it is auctioning vehicles. NCS on Friday refuted the video with scandalous narration announcing a purported auction of vehicles. Customs issued a statement on Friday to alert the general public on the video while warning them not to fall…
1 day ago
A man set himself on fire Friday outside the court where Donald Trump is standing trial in Manhattan, with officers rushing to extinguish the flames. Burning clothes were strewn in the park, which was locked down by authorities, while ambulances lined up nearby on standby, an AFP correspondent at the scene saw, describing a strong…
1 day ago
Leul Gebreselassie, the second Ethiopian man to win the men's title at the Okpekpe international 10km road race, will be gunning for his first major marathon win on Sunday at the London Marathon. The London Marathon is one of the six major marathons in the world. The rest are Boston, Berlin, New York, Tokyo, and Chicago…
1 day ago
The Delta State Police Command has urged Point-of-Sale (POS) operators to be cautious when handling large cash transactions, particularly those involving armed individuals. It noted that customers requesting large cash transactions should be accompanied by a video by the POS operator. Police spokesperson, SP Bright Edafe, stated on Friday in a post on X, noting…
1 day ago
Lagos State government on Friday said it has apprehended 10 fake enforcement officials around the Cele/Itire axis of the Apapa-Oshodi Expressway of the state. The apprehended persons; Ojo Oluwaseun, Rafiu Agbabiaka, Babatunde Ibrahim, Abiodun Olusegun, Daniel Olanrewaju, Aweda Kabiru, Olufowobi Michael, Olamilekan Olasupo, Bunmi James and Iyiola Shola(female) were caught carrying out unauthorised enforcement using…
1 day ago
Mikel Arteta has urged Arsenal to prove they have the mental strength to bounce back from a painful spell that wrecked their Champions League challenge and dented their Premier League title bid.
1 day ago
Pep Guardiola has revealed Erling Haaland could miss Manchester City's FA Cup semi-final against Chelsea at Wembley on Saturday.