Increase in Fuel Prices Affecting the Real Estate Sector in Nigeria
As one of the world’s top crude oil producers, With a sharp and unsettling increase in fuel prices, rising from ₦617 to ₦1,100 per liter. This dramatic surge is having profound repercussions on various sectors, with the real estate industry being particularly affected.
Benue Government Urges Coastal Residents to Relocate Amid Flood Fears
The Benue State government has heightened its alert signal in response to the impending flood expected to ravage the coastal areas of the state. The government has initiated a sensitization campaign, urging residents in vulnerable areas to relocate to safer and higher lands.
Land Dispute: Fred Ajudua Released on Bail, Denies Fraud Allegations
Fred Ajudua, a well-known city socialite, has been released on bail after being arrested by the police last Wednesday. His lawyer, Lekan Ojo, confirmed his release, stating that Ajudua was released to him and Senator Ned Nwoko on Saturday evening. Ojo expressed frustration
HDAN Calls for Synergy Among FCT Departments to End Land Grabbing
The Housing Development Advocacy Network (HDAN) has called for synergy among departments within the Federal Capital Territory Administration (FCTA) to bring an end to land grabbing activities. In a statement released on Thursday in Abuja, the Executive Director of HDAN, Festus Adebayo, emphasized
Environmental Experts Mull Green Affordable Housing Finance
The Kenya Green Building Society (KGBS) in partnership with Reall organised East Africa’s Inaugural Sustainable and Affordable Housing Workshop centred on unlocking Green Affordable Housing Finance. The exclusive workshop, “A Call to Action: Unlocking Financing Opportunities for green affordable housing for the Kenyan Market” was
Hong Kong Abolishes Property Curbs in Bid to Revive Housing Sector, Economy
In efforts to revive Hong Kong’s flagging housing market and broader economy, Financial Secretary Paul Chan announced in the annual budget address on Wednesday, February 28, 2024, that the government will scrap all property cooling measures, including additional stamp duties for foreign and
NeGSt-TAS Technologies and ERCAAN Forge Alliance to Digitize Real Estate Sector
In a landmark move toward modernizing Nigeria’s real estate industry, NeGSt-TAS Technologies Ltd proudly announces a strategic partnership with the Estate Rent & Commission Agents Association of Nigeria (ERCAAN). The collaboration aims to pioneer the digitization of real estate practices, introducing a Digital
Six Dead as Two-Storey Building Collapses at Odu-Igbo Market
A grim scene unfolded at the Odu-Igbo Market in Onitsha, Anambra State, as a two-storey building collapsed, claiming the lives of at least six people. The incident, which occurred on Monday evening, sent shockwaves through the bustling commercial city. The building, still under
China’s Real Estate Crisis: The Story Behind Abandoned Mansions and Ghost Cities
The Chinese government’s ambitious plans for real estate have taken a haunting turn, with abandoned mansions and desolate developments dotting the landscape. The State Guest Mansions, once envisioned as opulent residences for the elite, now stand abandoned, inhabited only by roaming cattle and
Building Collapse Prevention Guild Raises Alarm Over Surging Building Material Prices
The Building Collapse Prevention Guild (BCPG) has sounded the alarm regarding the soaring prices of building materials, warning that it could lead to a surge in substandard construction practices and exacerbate building collapses across the country. Speaking during the BCPG Lagos State chapter
