New Tax Law Offers Relief for Home Buyers, Renters, and Investors
Nigeria’s newly introduced tax law is being described as a game-changer for the real estate sector, with experts highlighting its far-reaching benefits for home buyers, renters, developers, and investors. One…
Femi Otedola Reveals He Dropped Out of High School, Never Attended University
Billionaire Femi Otedola has revealed in his memoir Making It Big that he never completed high school and did not attend university a surprising truth given his vast business success.…
Umahi Refutes Claims of N3.6 Trillion Approval for Third Mainland Bridge Repairs
The Minister of Works, David Umahi, has dismissed reports suggesting that the Federal Government approved over N3.6 trillion for the rehabilitation of the Third Mainland Bridge in Lagos, insisting that…
Co-Living in Nigeria: The Urban Housing Crunch Solution
Nigeria’s urban housing shortage has sparked a surge in co-living, as occupants and property managers adapt shared living solutions. In major cities like Lagos, Ibadan, Abuja, and Port Harcourt, traditional…
Lagos Tenancy Law Proposes ₦1M Fine or Jail for Uninsured Buildings
The Lagos State House of Assembly has introduced a new tenancy bill aimed at curbing predatory practices by landlords and agents in the city’s residential and commercial property market. Under…
Tension in Abuja as AMAC Shuts Down Efab Metropolis Estate Over ₦600m Tax Dispute
The Abuja Municipal Area Council (AMAC) on Friday sealed Efab Metropolis Estate, Karsana, over alleged unpaid tenement rates of ₦600 million since 2022. The action, which began at 8 a.m.,…
Surveyor-General Orders Demolition of Illegal Shoreline Structures
The Surveyor-General of the Federation, Abudulganiyu Adebomehin, has announced a crackdown on illegal shoreline structures in Nigeria. All such buildings will be demolished. In a statement issued by the Head…
River Park Estate: IGP’s Monitoring Unit Chief Sparks Fresh Row Over Ownership Dispute
The ownership tussle over Abuja’s River Park Estate has taken a new twist. A letter from the head of the IGP Monitoring Unit, Commissioner of Police Akin Fakorede, directed FCT…
Court Orders National Assembly to Release Full Details of ₦37bn Renovation Project
The Federal High Court in Abuja has ordered the National Assembly to release full details of the planned ₦37 billion renovation of its complex. Justice Emeka Nwite delivered the judgment…
President Tinubu Appoints Opeyemi Agbaje as New Chairman of PenCom
President Bola Tinubu has appointed Opeyemi Agbaje as the new Chairman of the National Pension Commission (PenCom), following pressure from the Nigeria Labour Congress (NLC) over the commission’s leadership gap.…