238 results found

Like in other developing Countries, in Nigeria, there are instances where the government at the Federal, State or even Local may partner with private entities who have the expertise and finances under the Private Public Partnership ...

As a developing country, Nigeria's real estate sector ("the sector") is evolving at a tremendous pace.

By the end of 2020, it's estimated that 50% of the global workforce will fall in the millennial bracket. The next few years will also see the emergence of the baby boomer inheritance...

The High Court of the Federal Capital Territory (FCT), in a judgment delivered by Honourable Justice Valentine B. Ashi in Suit No. FCT/HC/CV/2625/16 on 12th April 2018, declared as null and void the practice...

On 4 August 2025, the Lagos State Government, through the Ministry of Physical Planning and Urban Development ("the Ministry"), issued a list comprising one hundred and seventy-six (176) illegal estates...

The state-owned Federal Mortgage Bank of Nigeria (FMBN) and the Federal Housing Authority (FHA) announced in May 2016 that they would soon be signing a memorandum of understanding...

The Tax Appeal Tribunal ("TAT" or "the Tribunal") sitting in Lagos, on 19 October 2023, ruled that rental income derived from real estate properties is not subject to Value Added Tax (VAT).

The Real estate business has proven to be a lucrative revenue-generating opportunity for countries worldwide. Many nations have capitalized on their land and property assets to drive...

A few days ago, the President of the Federal Republic of Nigeria declined assent on the National Housing Fund Bill (the "NHF Bill") recently passed by the National Assembly.

In Lagos today, it is common to see half-finished or finished buildings marked with red paint warnings or clear signs that a project has violated planning or building regulations.

By virtue of the Land Use Act of 1978, all lands comprised in the territory of each state in Nigeria are vested in the governor of that state and such land shall be held in trust and administered...

The Lagos Tenancy Bill 2025 was one of the most significant announcements made on 10 July 2026 at the Real Estate Business Forum co-hosted by Olisa Agbakoba Legal (OAL), Penuel Prime...

In recent years, public notices by the Economic and Financial Crimes Commission (EFCC) announcing the forfeiture of properties to the Federal Government have become increasingly common.

Parking in Lagos is no longer an unregulated free-for-all. Since the enactment of the Lagos State Parking Authority Law, 2018 and the operational rollout of the Lagos State Parking Authority ("LASPA")...

As more people and businesses flock to Lagos, Nigeria's commercial hub, the real estate sector has become one of the booming investment opportunities in Lagos State. The demand for land in Lagos has been on the rise.

Buying property is one of the important steps most people wish to take at one point in life. There is some information to know before buying land in Nigeria.

Perhaps, the most significant risk faced by house buyers in Lagos today is the risk of demolition due to non-compliance with urban and regional planning laws.