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Property News and Articles

Niger state governor accomplishes housing projects

Added on 17th Jun 2014 ⋅ Posted in - New housing Projects
Before the advent of the Muazu Babangida Aliyu administration in 2007, affordable housing was not within the reach of the common man in Niger State. Accommodation in the four major cities of the state namely, Minna, the state capital; Bida; Suleja and Kontagora was expensive. A two-bedroom flat went as high as N250,000 while a three-bedroom apa... » Full story

What is a Strategic Default?

Added on 5th Jun 2014
A homeowner purchases a home for their primary residence, and they finance it with a mortgage. The normal course of events result in the prompt remittance of all mortgage payments until the owner sells the home or pays the final payment and gets the deed. That ???normal course of events??? isn???t always the way it goes unfortunately. In fact, t... » Full story

Affordable houses in Lagos

Added on 4th Jun 2014
Affordable housing Lagos Nigeria - It is true that housing in Lagos Nigeria has taken a new dimension with property prices skyrocketing beyond the reach of the average Lagos resident. That notwithstanding, you can still find affordable housing in Lagos Nigeria. Generally, cheap housing is considered to be housing that is within the reach or budg... » Full story

Lagos to introduce e-building plans

Added on 3rd Jun 2014
LAGOS State is set to introduce electronic building (e-building) plans in the state. The Commissioner for Physical Planning and Urban Development, Mr. Olutoyin Ayinde, made this known at a seminar by the International Real Estate Federation (FIABCI), Nigeria Chapter, in Lagos. Ayinde said the procedure for obtaining approval for building pla... » Full story

Ogun State government to focus on affordable housing and urban renewal

Added on 27th May 2014 ⋅ Posted in - New housing Projects
The Ogun State Government has expressed its readiness to focus more on affordable housing and urban renewal to meet the yearnings of the people. Governor Ibikunle Amosun stated this in a speech at the second Ogun State Investors??? Forum held in Abeokuta. According to him, the state government is committed to the provision of housing for all; h... » Full story

Federal Ministry of Industry, Trade and Investment gives new cement standard

Added on 15th May 2014 ⋅ Posted in - Construction & Infrastructure
After a fierce battle among stakeholders in the cement industry over the correct standard of the product to be enforced in the country to ensure its safe use for building and construction, THISDAY can authoritatively report that the final approval which makes the new cement standard mandatory has been given by the Federal Ministry of Industry, Tr... » Full story

Dangote gives reasons for high price of cement

Added on 12th May 2014
A major manufacturer of cement in the country, Dangote Cement Plc, has explained that the recent increase in the price of the commodity is due to low production of the commodity and is as a result of turnaround maintenance of some plants and gas shortage. However, the company said it had released nine million tonnes of cement into the market in ... » Full story

Experts clamour for improvement in property registration

Added on 6th May 2014
The federal government in Nigeria may be working really hard to curtail the process of property registration and development, but with latest reports showing the country as one of the most expensive & longest property registration nation, there is a lot of work still yet to be done. In pecking order, Nigeria is ranked below nations like Ghana, S... » Full story

Architects and real estate developers find relevance in economic development

Added on 5th May 2014
Architecture and real estate play an important role in economic development, the Nigerian Institute of Architects has said. According to the NIA, this makes it imperative for investors in emerging settlements to be fully equipped with the knowledge base necessary to deliver habitable and sustainable assets. The institute said the quest for kn... » Full story

Landlord reports Yobo to police

Added on 24th Apr 2014 ⋅ Posted in - Property damage
Super Eagles captain and Norwich City defender, Joseph Yobo, has yet to resolve the dispute with a landlord, Ray Smith, over the poor state of a flat rented in the player???s name. The police are now investigating the situation after Smith reported it to Merseyside Police. A spokeswoman for Merseyside Police confirmed a complaint had been mad... » Full story
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