Real Estate
22 Jan
Rising inflation and exchange rates are among the headwinds in the country’s real estate and construction sectors increasing borrowings due to higher prices of imported building materials and machinery.
22 Jan
Experts have advocated removal of impediments to cross border transactions and collaboration among real estate professionals in Africa as a means to grow the sector.
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…
Latest
22 mins ago
A Federal High Court in Abuja has dismissed a suit seeking the disqualification of Gov. Douye Diri of Bayelsa and his deputy, Lawrence Ewhrudjakpo. Justice Emeka Nwite, in a judgement, held that the suit lacked merit as the plaintiff had failed to prove the allegations of certificate forgery levelled against Ewhrudjakpo beyond reasonable doubt. Justice…
29 mins ago
Senegal's new leader, Bassirou Diomaye Faye, has called for a "rethought" relationship with the EU during a visit by European Council President Charles Michel. Faye, who was inaugurated as president on April 2, was elected on pledges of radical reform and promises to restore national "sovereignty" over key industries. Speaking at a joint press conference…
34 mins ago
Twelve militants have been killed in the southern Philippines during a gun battle with security forces that left seven soldiers wounded, the army said in a statement. The firefight happened Monday in Maguindanao del Sur province on Mindanao island, a haven for multiple armed groups ranging from communist insurgents to Islamist militants. The Philippine Army…
1 hour ago
The China General Chamber of Commerce (CGCC) in Nigeria, says no Nigerian has been subjected to discrimination or denied access to the Chinese supermarket. The supermarket is located within the premises of the Royal Choice Estate, Airport Road, Abuja. The Secretary of China Chamber of Commerce, Mr Cui Guangzheng, said this in a statement in…
1 hour ago
Two Malaysian military helicopters collided and crashed during a training session on Tuesday, killing all 10 crew onboard, the country's rescue agency said. "The two helicopters collided during flight training. All 10 victims on board have been confirmed dead by the medical officers," Suhaimy Mohamad Suhail, senior operations commander from the fire and rescue department…
3 hours ago
President Bola Tinubu has called on African countries to conscientiously tackle poverty, inequality and social injustice as root causes of terrorism. He equally canvassed the establishment of a regional counter-terrorism centre...
3 hours ago
Nigeria Police Force (NPF) is grappling with a significant housing shortage for its members across all ranks, the Inspector General of Police (IGP), Kayode Egbetokun, has disclosed.
3 hours ago
As the world marks International Mother Earth, instituted by United Nations, ECO2RUPPERS Africa has unfolded measures aimed at saving Nigeria and other African countries the sum of $70 billion from the impact of plastic pollution.
3 hours ago
The price of Liquefied Petroleum Gas (LPG), also known as cooking gas, has continued its upward swing rising by 7.1 per cent in the last month, thus making life more difficult for Nigerians who are struggling with food inflation.
4 hours ago
Delta State Governor, Sheriff Oborevwori, yesterday, lamented the sorry state of Niger Delta, saying the region is currently considered the most polluted in the world due to the high amount of spills.