Browsing Tag
Real Estate
25 posts
Lagos real estate developers challenge LAWMA over construction material levies
Lagos real estate developers have petitioned the state assembly to stop LAWMA from charging fees on construction materials, which the agency wrongly categorizes as waste.
Nyesom Wike Shuts Down FCT Federal Housing Sales Secretariat
Minister Nyesom Wike has ordered the immediate closure of the FCT Federal Government Houses sales secretariat, transitioning all relevant responsibilities to the Department of Land Administration.
CBN Data Reveals Rise in Nigerian Home Loan Borrowing
New Central Bank of Nigeria data shows Nigerians are borrowing more for home purchases, accompanied by a decline in loan default rates across various sectors.
Federal Mortgage Bank Introduces N100 Million Diaspora Loans to Encourage Home Ownership
The Federal Mortgage Bank of Nigeria has launched a loan program allowing Nigerians abroad to borrow up to N100 million at a 9% interest rate to buy homes back home.
King Ochacho Dismisses ₦400m Mansion Gift to Peller as Minor Gesture
Real estate developer King Ochacho has described the ₦400 million Abuja mansion he gave to TikTok stars Peller and Jarvis as a small gesture, while also announcing a new nationwide school fee sponsorship program.
King Ochacho Calls ₦400m Mansion Gift to Peller a Minor Offering
Real estate mogul King Ochacho gifted a ₦400 million Abuja mansion to TikTok star Peller and his wife, calling the expensive property a modest gesture and promising larger future gifts.
Experts Warn of Serious Hazards in Finishing Abandoned Buildings
Construction experts warn that finishing abandoned, weather-beaten buildings is dangerous without thorough structural integrity testing to address years of degradation.
Tension rises as scrap market proceeds in Karsana estates despite permit withdrawal
Homeowners in three Karsana estates are protesting the launch of a new scrap metal market, citing security risks and violations of the Abuja Masterplan after the AMMC failed to enforce the withdrawal of the site's permit.
Wammako Urges President Tinubu to Address Soaring Building Material Prices
Former Real Estate Developers Association head Aliyu Wammako calls on President Tinubu to tackle the rising costs of construction materials to naturally lower skyrocketing house rents.
Government Increases Mortgage Loan Cap to ₦85 Million to Boost Homeownership
Dr. Muttaqha Rabe Darma announced that the government has raised the mortgage loan ceiling to ₦85 million and is introducing new regulatory policies to protect homebuyers and improve the housing sector.