property
14 hours ago
Nigeria’s real estate sector has witnessed significant transformation in recent years, driven by rapid urban expansion, shifting government policies, and increasing demand for sustainable developments. As the industry approaches 2025, stakeholders remain cautiously optimistic, weighing the opportunities and challenges that will define the market’s trajectory. In an interview with The Guardian, Oluwabusuyi Adonis Fakanlu, CEO…
27 Jan
The Lagos State Government has lectured property owners and developers on avoiding undue challenges with planning approvals, urging them to embrace its free planning information service. This was disclosed in Alausa, Ikeja area of Lagos State on Monday by the Commissioner for Physical Planning and Urban Development, Dr. Oluyinka Olumide, during a weekly briefing with…
26 Jan
The Take It Back (TIB) Movement has called for the resignation of Nigerian Police spokesperson, Muyiwa Adejobi, following his controversial statement about the powers of police personnel to enter properties without a warrant. In a statement released on Sunday, signed by TIB’s National Coordinator, Sanyaolu Juwon, the movement condemned Adejobi’s remarks, accusing him of normalising…
22 Jan
The Federal High Court sitting in Ikoyi has ordered the final forfeiture of a property in Ikorodu, Lagos State, to the Federal Government. Justice A.O. Owoeye on Tuesday ordered the forfeiture of the u-shaped two-storey building situated on the premises of Goodwill Private Schools, Ikorodu. The judge gave the order, following a motion ex-parte dated…
3 Jan
The Lagos State Building Control Agency (LASBCA) has clarified that the demolished properties belonging to reality star Chioma Ikokwu were illegal structures attached to a building. In a statement released by the agency on Friday, LASBCA Assistant Director of Public Affairs, Adu Adegoke, stated that the property owner was served the necessary notices, including “convention,”…
23 Nov
A Federal High Court in Lagos on Thursday issued fresh orders restraining the Lagos State Attorney-General and the Lagos State Special Task Force from their threats to demolish a disputed Lekki seaside property belonging to former Minister of Transportation, Admiral Festus Porbeni (Rtd). The court order, issued by Justice Daniel Osiagor, stopped the Lagos State…
7 Nov
Justice Akintayo Aluko of a Federal High Court in Lagos has affirmed the ownership right of a firm, Chard Harpers Properties Limited, on a property seized by the Economic and Financial Crimes Commission (EFCC) from a former Governor of Bayelsa State, Diepreye Alamsieyeseigha. The property, situated at No 1, Community Road, Allen Avenue, Ikeja, Lagos,…
7 Nov
The Minister of the Federal Capital Territory (FCT) and the Federal Capital Development Authority (FCDA) have been dragged before a High Court of the FCT over an alleged unlawful revocation of a property belonging to Abuja-based Green Lake International Limited. The Minister and the FCDA were sued alongside another Company, Lodigiani Nigeria Limited on the…
Latest
5 mins ago
Dangote Petroleum Refinery has slashed its ex-depot price of premium motor spirit (PMS) from ₦890 to ₦825. Esan Sunday, Head of Media Relations and Branding Communications at Dangote Group, announced the reduction in a statement on Wednesday. According to the refinery, MRS Holdings stations, its retail partner, will sell for ₦860 per litre in Lagos,…
9 mins ago
Bodija Explosion: Makinde receives relief fund committee's report From Rotimi Agboluaje, Ibadan Governor Seyi Makinde of Oyo State, on Wednesday, received the report of the Committee on the Management/Disbursement of the Bodija Explosion Relief Fund, noting that the state government will look into the recommendations and implement them as appropriate. Makinde, who…
21 mins ago
The Director General of the National Agency for Food and Drug Administration and Control (NAFDAC), Prof. Mojisola Adeyeye, on Wednesday raised the alarm over threats to her life and that of the agency's staff, calling on the authorities to protect the operatives who daily navigate a great deal of hazards while carrying out their assigned…
39 mins ago
The EU's powerful competition regulator on Wednesday gave the green light for a $2.3 billion takeover of US optical semiconductors company Infinera by Finland's Nokia. The telecoms firm announced the acquisition in June last year. "The European Commission has approved unconditionally... the proposed acquisition," it said, after concluding "the transaction would raise no competition concerns".…
41 mins ago
In a renewed effort to tackle Nigeria’s security challenges, the Minister of Police Affairs, Senator Ibrahim Gaidam, has emphasized the critical role of security agency collaboration in leveraging INTERPOL’s tools to foster peace and stability across the country. Speaking at a high-level workshop on the International Criminal Police Organization (INTERPOL) in Abuja, themed “Strengthening Internal…
47 mins ago
The Federal Mortgage Bank of Nigeria (FMBN) has provided at least a $100 billion loan facility for the construction of the Renewed Hope Housing Project countrywide, its Managing Director, Shehu Osidi, has disclosed. Osidi stated this while giving his one-year scorecard of the Bank in Abuja, saying that, in addition, they have provided direct funding…
48 mins ago
Taiwan sent forces on Wednesday in response to China's "live-fire" drills off the self-ruled island, Taipei's defence ministry said, condemning the exercises as dangerous. China deployed 32 aircraft near Taiwan as part of a joint combat drill with Chinese warships and announced "live-fire exercises" in an area about 40 nautical miles (74 kilometres) off…
54 mins ago
After last year's Oscars gala wowed viewers with a glitzy, star-studded "I'm Just Ken" karaoke, the producers of Sunday's Academy Awards ceremony knew exactly where to turn for this year's showstopping musical moment. The pink hues of "Barbie" will be swapped for the pink (and green) colors of "Wicked," the smash-hit movie version of the…
1 hour ago
The Kwara State government on Wednesday announced the creation of two additional ministries. The two ministries are the Ministry of Transportation and the Ministry of Livestock Development. The news to this effect was conveyed after the weekly executive council meeting. The meeting was presided over by Governor AbdulRahman AbdulRazaq. The state government explained that the…
1 hour ago
Money lost to fraud in Nigeria's banking system has nearly tripled over the past five years, an industry regulator said Wednesday. An analysis published by the Nigeria Inter-Bank Settlement System estimated that 52.3 billion naira ($34.8 million) was lost to fraud in 2024, compared to 11.6 billion naira in 2020. The West African country, home…