FG Announces Land Reforms to Simplify Access to Certificates of Occupancy
The Minister of Housing and Urban Development, Ahmed Dangiwa, announced that the Federal Government's land reforms will facilitate easier access to Certificates of Occupancy (C of O) for Nigerians. …
Building Material Cost Surge of Over 130% Worsens Nigeria’s Housing Crisis
Building material costs have skyrocketed, causing widespread project delays and exacerbating Nigeria's housing crisis. Many construction projects, like one in Ikorodu, Lagos, have stalled at the roofing stage due to…
Trending News: Top 10 stories this Morning
Good Morning. Here’s a recap of top trending news stories this morning. 1. The Federal Government has assured that the construction of 50,000 Renewed Hope Housing Units, initiated under phase…
Federal High Court Seizes Millions and Properties Tied to Former CBN Governor Emefiele
A Federal High Court in Lagos has ordered the interim forfeiture of $4.7 million, N830 million, and multiple properties linked to Godwin Emefiele, the former governor of the Central Bank…
Nigeria’s GDP Declines by 2.98% in Q1 2024
The National Bureau of Statistics (NBS) reported on Friday that Nigeria's Gross Domestic Product (GDP) declined by 2.98% in the first quarter (Q1) of 2024. This growth rate is higher…
Landmark Group Plans Investments in Other States and African Countries Following Lagos Beach Demolition
The management of Landmark Beach Resort has announced plans to pursue investment opportunities in states beyond Lagos and other West African nations following the demolition of part of its properties…
Top 10 Banks Offering Lowest Lending Rates for Real Estate Businesses in Nigeria
The Central Bank of Nigeria (CBN), under Governor Yemi Cardoso, has increased the monetary policy rate (MPR) by 750 basis points so far, from 18.75% to 26.25%, with an eye…
Minister Unveils Plans to Demolish 750 Houses for Lagos-Calabar Coastal Highway
David Umahi, the Minister of Works, has announced that 750 houses situated along the path of the Lagos-Calabar Coastal Highway are slated for demolition. Umahi disclosed this information during a…
Trending News: Top 10 stories this Morning
Good Morning. Here’s a recap of top trending news stories this morning. 1. The federal government has announced it is in discussions with investors from Russia, China, and several Arab…
Lagos State Begins Demolition of Partially Collapsed Building in Surulere
The Lagos State government commenced the demolition of a partially collapsed building at No. 70, Adetola Street, Aguda Surulere, Lagos, yesterday. The two-story building, which housed six flats and eight…