News by Country
Published stories attached to Nigeria.
464 items
Page 17 of 52
A new breed of property broker that buys or controls undervalued homes and land before reselling at a margin is adding pressure to Lagos prices, though estate agents disagree on how much of the increase is broker-driven and how much reflects land, cement and financing costs.
Nigercat Nigeria Limited has petitioned Inspector-General of Police Olatunji Disu, alleging that police operatives demolished part of its property at Oduduwa Crescent, Ikeja GRA, and replaced its gate.
More than a dozen property owners in Ikono Local Government Area have rejected compensation approved by the Akwa Ibom State Government for land acquired for the N117.5 billion Ibom Medical City project, saying the amounts fall far short of what it would cost to rebuild.
Anambra State's Ministry of Justice is reviewing about 180 criminal cases arising from land disputes, with the Attorney-General saying files that are essentially civil will be discontinued while genuine criminal cases will be prosecuted.
Eight multi-billion-naira properties in Kano have been marked for federal custody after a Federal High Court interim forfeiture order, in a case stemming from the disputed sale of the Akar family's industrial estate.
Research across 20 informal settlements in Lagos finds residents build the drainage, raised walkways and water systems the city depends on, and that clearing settlements in the name of climate protection leaves people more exposed to flooding.
A five-city seminar will address the rising arrest, detention and prosecution of Nigerian real estate agents over property transactions, its organiser Dr Prince Joel has said.
The Ministry of Housing and Urban Development has pledged support for the Nigerian Army's post-service housing programme, tying it to a national plan to build more than 774,000 homes.
Average asking prices for houses on Lagos' Banana Island have reached about N4.5 billion, while six-bedroom homes in Ikoyi rent for around N100 million a year, according to a review of current Nigerian property listings.