Real Estate

Why Pay Rent Endlessly When You Can Own Your Dream Home Now?

Five Game-Changing Facts About FirstBank’s MREIF Home Loan

Nigeria’s Real Estate Stakeholders Push for Reform, Collaboration Seen as Crucial at RESF 2025 - FinancialEDGE

Practitioners in Nigeria's real estate sector is crying out for urgent reform, according to stakeholders who converged on tueday at The Real Estate Stakeholders Forum (RESF) in Lagos, emphasized collaboration as a crucial step in tackling the country's pressing housing challenges and unlocking the sector's vast potential. The forum brought together over 1,000 industry leaders,

Moorelands and Properties: A Beacon of Trust in Oyo State’s Property Market - FinancialEDGE

Moorelands and Properties, a leading real estate company in Oyo State, is revolutionizing the way people buy and invest in land. With a commitment to transparency and customer satisfaction, the company has earned a reputation for providing peace of mind to its clients. According to Moriregba Oreoluwa, the CEO of Moorelands and Properties, "Our goal

Stanbic IBTC Capital sponsors 16th NIESV Honours Nite, celebrating excellence in real estate - FinancialEDGE

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings, sponsored the 16th Honours Nite of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Lagos State Branch. The prestigious event held at the Lagos Continental Hotel featured the theme “Inspiring Excellence, Shaping the Future.” This year's Honours Nite served as a platform to recognise and

Oyo Gov’t Mandates Revalidation of Outdoor Advertising Practitioners - FinancialEDGE

The Oyo State Government through its Signage and Advertisement Agency, (OYSAA) has commenced a mandatory revalidation exercise for its third-party advertising practitioners. The Director General, Oyo State Signage and Advertisement Agency, Hon. Oludolapo Esho Ajanaku, recently made this known at a two week revalidation exercise. According to him "the exercise forms a key part of

Oyedele Says No stamp duty on property rent below N10m under new tax reforms - FinancialEDGE

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has revealed that property rentals under N10 million will be exempt from stamp duties under the new tax reform bills currently before the National Assembly. Speaking in Abuja at the Building and Construction Industry Forum themed “Nigeria’s Tax Reforms and the

Premier Retail Property Partners LLP commissions Koka Junction Mall in Asaba, Delta State - FinancialEDGE

Premier Retail Property Partners LLP, developers of a topnotch state-of-the-art retail and entertainment complex, has commissioned Koka Junction Mall along the popular and ever-busy Asaba-Onitsha expressway on June 1, 2024. This event marks a significant milestone in the commercial and social landscape of Asaba, the Delta State capital. Koka Junction Mall is set to revolutionize the shopping experience in Asaba and

FG To Pay Fresh N7.13bn Compensation Over Lagos – Calabar Coastal Highway - FinancialEDGE

The Federal Government will pay another N7.13bn for compensation of property demolished for the construction of the Lagos-Calabar Coastal Highway. Disclosing this to newsmen in Abakaliki, Ebonyi State, Minister of Works, David Umahi, noted that N2.7 billion had been paid as compensation for the demolition of structures on the coastal highway before the approval of the

Tinubu’s connection: Residents of Royal Gardens Estate protest exploitation … lament total disregard for court - FinancialEDGE

Residents of Royal Gardens Estate, Ajah Lagos protested over outrageous exploitation and extortion by the estate developer, Trojan Estate Limited and its agent, Broll Properties Limited. The protesting residents, numbering about 100 at the weekend, kicked against the lack of transparency and disparity in electricity billing, security challenges and refusal to comply in signing the

The Address Homes delivers another project, Ikoyi Crescent on Record time

In line with its tradition of providing regal and lavishly built luxury housing brands in its bid to bridge the gap in the housing deficit in the country, The Address Homes Limited, Nigeria’s leading

The Alternative Bank signs multi-sector development deal with Niger State

The Alternative Bank, an Africa-focused non-interest bank, has signed a multiyear deal with the Niger State government to boost the development of agriculture, transportation, energy, and infrastructu

Lightway Homes and Investment Introduces Roman Heights: A New Landmark in Affordable Luxury Living in Arepo

In a commitment to providing high-quality, affordable, and sustainable housing solutions for Nigerians, Lightway Homes and Investment Limited proudly unveils Roman Heights. Nestled in the heart of Are

IFMA Nigeria to co-Host Sustainable Facility Management at Big 5 Construct Nigeria

The International Facility Management Association (IFMA) Nigeria Lagos Chapter will co-host an event on “Delivering Effective and Sustainable FM in the Built Environment” at Big 5 Construc

Stanbic IBTC Bank Enabling Pension Contributors’ Dream Of Becoming Homeowners

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings PLC, on the advice of the Central Bank of Nigeria, is one of the banks processing specialized mortgage loans for Pension contributors. T

HEREL Bringing Ghost Buildings Back to Life

Although general residential vacancy rates in Nigerian urban centers are low currently, there seems to be a “ghost building” phenomenon in the highbrow areas- particularly Ikoyi and Victoria Island in

Purple Announces New Tenants In Purple Lekki To Expand Investment

Purple Real Estate Income Plc,, Nigeria’s breakthrough real estate investment platform, today announced that the group has signed a series of agreements with high-profile retailers and businesse

The Address Homes Partners Lagos Govt on 3rd Real Estate Marketplace Confab, Exhibitions

As part of its contribution to the growth of the real estate sector in Nigeria, luxury property development company, The Address Homes has thrown its weight behind the 3rd Real Estate Market Place Con

Purple Real Estate Releases Audited Earnings For 2022 Half Year

Purple Real Estate Income Plc (Purple Group) has announced its audited results for the half year ended 30 June 2022.  Consolidated Statement of Profit or Loss Gross earnings of ₦7 billion, up 157.5% y

Non Interest Capital Market Will Aid Housing Development – SEC

The Securities and Exchange Commission has stated that the Non Interest segment of the capital market is capable of financing the housing sector which will lead to better well-being of the citizenry a

EFG Hermes Becomes First Egyptian Financial Institution to Achieve ISO 31000:2018 Enterprise Risk Management Conformity by the British Standards Institution

EFG Hermes Holding, an impact-driven universal bank in Egypt and the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that its Investment Bank has become the first

EFG Hermes Holding hosts its 16th Annual One-on-One Conference in Dubai today

EFG Hermes Holding, an impact-driven universal bank in Egypt and the leading investment bank franchise in Frontier Emerging Markets (FEM), kicked off its 16th annual One-on-One Conference today in Dub

Otunba Seyi Oduntan Is WEMABOD New Chairman 

The board of directors of Wemabod Limited on Tuesday unanimously appoint Otunba Seyi Oduntan as its new chairman. This took place at the headquarters of the conglomerate in Lagos. The motion for Odunt

Purple Real Estate Group Releases 2022 Half Year financials

Purple Real Estate Income Plc (Purple Group) announced its unaudited results for the half year ended 30 June 2022. Consolidated Income Statement Revenue of N3.3 billion (H1 2021: N605.5million) Cost o

Purple Real Estate Group Releases Unaudited Results For First Quarter Ended March 31, 2022

Purple Real Estate Income Limited (Purple Group)announced its unaudited results for the first quarter ended 31 March 2022. Consolidated Income Statement Total revenue of N9 billion, up 530.7% year-on-y

Purple announces Genesis Cinemas, Market Square and The Ventures Park as anchor tenants at new development PurpleLekki

Purple Real Estate Income limited (“PREIL”), Nigeria’s breakthrough real estate investment platform, today announced the signing of agreements with Genesis Cinemas, Market Square and

Why Nigerian Real Estates Must Embrace Global Decarbonisation – The Address Homes

In an increasingly challenging and volatile ecosystem, where more than 60% of carbon emissions within cities typically come from buildings, a real estate firm, The Address Homes, has emphasised the ur

How The Address Homes Is Changing Face Of Luxury Homes In Nigeria

‘There’s no place like home,’ or ‘Home is where the heart is.’ These popular sayings affirm the truth that a home is a place that is always desirable. It exists in the mind’s eye as much as in a

IFMA Nigeria hails Buhari for assenting Executive Order 11 on Implementation of the National Public Buildings Maintenance Policy

The President of the International Facility Management Association Nigeria Chapter, Mr. Segun Adebayo has commended the President of the Federal Republic of Nigeria, President Muhammadu Buhari, GCFR o

NUJ Seeks Govts Intervention Over Threat To Lives Of Residents Of Journalists Estate , Arepo

The Nigeria Union of Journalists (NUJ) Lagos State Council has condemned in strong terms the attacks on residents of Journalists Estate, Arepo Ogun State by Beachland Estate Residents Association (BER

Ikoyi Building Collapse: Archbishop Martins Commiserates with Sanwo-Olu, Affected Families

The Catholic Archbishop of Lagos, Most Rev Dr. Alfred Adewale Martins has commiserated with the families of those who lost their lives and the Governor of Lagos State, Mr. Babajide Sanwo-Olu in the wa

Amended Act, empowers AMCON to sell debtors’ property

The House of Representatives has passed for third reading, an amendment to the Asset Management Corporation of Nigeria Act which empowers the corporation to trace and sell any property belonging to a

₦5Billion Debt: AMCON Takes Over Mansion of Governor, Abdulfatah Ahmed

Following the order of Hon. Justice A.M. Liman of the Federal High Court, Lagos Division, the Asset Management Corporation of Nigeria (AMCON) on Wednesday September 22, 2021, in Ilorin, the Kwara Stat

Lagos Free Zone Company Debuts N10.5 Billion Series 1, 20 Year Infrastructure Bond

Lagos Free Zone Company (LFZC), the first free zone in Nigeria with a fully integrated deep seaport, is pleased to announce the successful issuance of a NGN10.5 billion 20-Year Series 1 Senior Guarant

FMDQ Exchange Admits Mixta Real Estate Series 36 Commercial Paper

The Nigerian commercial paper (CP) market continues to demonstrate resilience and consistency in providing succour to corporates across diverse sectors by offering a viable platform for these institut

Ecobank Offers Mortgage Loans, Investment Options For Nigerians in Diaspora

Ecobank has rolled out several investment packages and opportunities to encourage Nigerians in the diaspora to own houses in the country and also participate actively in money and capital markets. Spe

Morola Babalola, The Maven Of Real Estate Business In Nigeria

When it comes to the business of Real Estate in Nigeria, the name Morola Olabisi Babalola is definitely worthy of some accolades and encomium. Driven by her passion to create impact and see many rise

Lagos Government, Residents Agree On Magodo Scheme Plan Review

The Lagos State Government and the Magodo Residents Association have reached common grounds on contents of the review of Magodo Residential Scheme II Plan. The government said this in a statement on F

Budgetary allocations will not solve Nigeria’s infrastructure needs- Olabinjo

The Managing Director/ Chief Executive Officer, Skystone Capital & Investment Ltd., Mr Ola Olabinjo, has identified debt capital financing as the major solution to the country’s infrastructu

Transcorp Hilton Abuja Wins Four Awards at 2020 World Travel Awards

Transcorp Hilton Abuja has been honoured with four (4) awards including Africa’s Leading Business Hotel for the sixth consecutive year at the 27th annual World Travel Awards. The hotel, which is owned

Real Estate,shares, bonds, best investment options in 2020 -Northcourt

In view of the continuous slump in Treasury Bill (T-Bill) yields, occasioned by the stoppage of individuals and non-bank corporates from the Central Bank of Nigeria (CBN) Open Market Operations (OMO)

Housing Deficit: LASG, Echostone Nigeria set to deliver first JV …as 252 homes in Idale ready for commissioning - FinancialEDGE

Echostone Nigeria has, however, concluded the construction of 252 units of two-bedroom flats in Idale Badagry LGA of the state, as part of its ongoing projects, to drive mass housing delivery in Lagos state. Speaking during the inspection of the site, Commissioner for Housing, Lagos State, Moruf Akinderu Fatai said, “I’m impressed, you can see

Aimart Realtors, other subsidiaries consolidate brand identity, set to unveil New Logo In Dec. - FinancialEDGE

Nigeria's premium real estate company, Aimart Realtors is poised to consolidate her brand identity with other subsidiaries in the Aimart group as the group will unveil a new logo at a special event holding on December 14th, 2019. The event which will take place at Air force Officers Mess, No 1 kofo Abayomi Lagos will

Infinity Trust Target N2 Billion Profit … Seek Fresh Capital

The managing director of Infinity Trust Mortgage Bank Plc, (ITMB) Dr Olabanjo Obaleye, said the bank is targeting a profit before tax of N2 billion by the end of 2022 financial year. He disclosed this

FG targets one million houses - FinancialEDGE

The Federal Government has a target of constructing one million houses annually in order to reduce about 17 million housing deficit in Nigeria. It disclosed this through the Minister of State for Works and Housing, Abubakar Aliyu, during his inspection of the Federal Housing Authority’s mass housing project in Zuba, a suburb of Abuja. Aliyu

Lagos to spend N1.5 billion on wetland rehabilitation - FinancialEDGE

The General Manager of Lagos State Parks and Gardens Agency (LASPARK), Mrs Bilikiss Adebiyi-Abiola has said that the state government will spend over N1.5billion in the next two years to revive the Gbagada-Maryland wetland. The wetland serves as drains for flood in the Lagos mainland area. Mrs Adebiyi-Abiola, who spoke at a conference in Lagos,