In response to the considerable drop in bank credit, coupled with shrinking equity funding, real estate developers have resorted to the capital market to raise funds for projects. The expectation is that this will lead to increased housing supply that...
Daewoo Engineering and Construction Nigeria Limited has announced its intention to invest in housing, real estate, and infrastructure projects in Nigeria, with Lagos State identified as a key area for these investments. Jung Won Ju, the group chairman, revealed this...
The establishment of a task force by the Minister for the Federal Capital Territory (FCT), Nyesom Wike, aimed at expediting the issuance of Certificates of Occupancy (C of O) in the FCT has been lauded as a positive move...
The Federal Government has announced plans to create a National Land Commission to address the issue of ineffective land administration in Nigeria, which is estimated to result in a loss of 300 billion dollars in revenue. This announcement was made...
General Manager, Lagos State Materials Testing Laboratory (LSMTL), Mr Funsho Elulade, on Wednesday, April 25, 2023, said a new law was on the way to make substandard construction impossible in the state. Elulade said this at the fourth Edition...
The Building Collapse Prevention Guild (BCPG), yesterday, urged the federal and state governments, as well as agencies in charge of building development control, especially in Lagos State, to take critical look at the building development process with a view...
A Real Estate expert, Mr. Benjamin Onigbinde, has called on the Oyo State Governor, Mr. Seyi Makinde, to review the development of abandoned affordable housing estates by the state housing corporation through the Public Private Partnership (PPP). Onigbinde in a...
The federal commissioner of the National Population Commission, NPC, for Cross River State, Navy Capt Charles Ogwa (rtd), has stated that the 2023 Population and Housing Census will generate extensive data that every sector of society could use for...
Governor Babajide Sanwo-Olu has directed that all developments on Banana Island be placed on hold, subject to a comprehensive audit by officials of the Lagos State Building Control Agency (LASBCA). This is to determine how many buildings are being...
The Real Estate Developers Association Of Nigeria, REDAN, has distanced itself from activities of land grabbers, urging residents of Federal Capital Territory, FCT, Abuja to be wary of the activities of the group. The Association, while bemoaning the spate of...
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