Real Estate News

A coalition of NGOs, the Rehoboth Community Advancement Initiative (RECAN), has condemned the recent invasion of the Federal Medical Centre (FMC), Lokoja, by suspected hoodlums who destroyed and carted away personal and hospital property. Hoodlums had, on July 1, invaded FMC Lokoja, during which they carried out the dastardly act. RECAN’s executive director, Mr. Abaniwo Nathaniel, in a statement on ...

The University of Jos chapter of the Academic Staff Union of Universities (ASUU) has constructed a 1,000 seater capacity twin lecture hall and donated it to the University. Speaking during the inauguration of the project on Friday at the university’s permanent site, Dr. Lazarus Maigoro, Chairperson of the union, said the project gulped N63.2 million. According to Maigoro, the funds ...

Debo Adejana is the Managing Director and Chief Executive Officer of Realty Point Limited, an astute real estate entrepreneur with specialty in Real Estate Development, Investment, Training/consultancy and marketing syndication. In this interview with The Top10 Magazine, he shares his views about the Nigerian real estate markets, the impact of covid-19 on the industry, and the need for everyone to ...

The National Emergency Management Agency (NEMA) has begun preparation for comprehensive response to impending flood as predicted by the Nigerian Meteorological Agency (Nimet) and Nigerian Hydrological Services Agency (NIHSA) respectively.  It inaugurated a special committee in Abuja, to adequately prepare, mitigate, and respond in saving lives and providing supports to the communities at risk. Members of the committee were drawn ...

The Ogun State Government on Wednesday said it had commenced palliative works in areas affected by flooding from rainfall in Abeokuta on Friday and Saturday. The state Commissioner for the Environment, Abiodun Balogun, said this at a press conference in Abeokuta. Balogun said the palliatives, which included fixing of failed bridges, clearance of waterways and dredging of the water channels, ...

The Ekiti state government says it has secured a partnership with the United Nations Office for Project Services (UNOPS) and the Sustainable Housing Solutions (SHS) Holdings to build 50,000 houses with renewable energy within the state from 2020 to 2023. In a tweet on Wednesday, the state government said the project would last for 10 years between 2020 and 2030. ...

There was a fire outbreak at the Gombe branch of the Central Bank of Nigeria(CBN) on Friday. A source told newsmen that the fire started at about 10am. This adds to the series of fire outbreaks that have hit key government offices in the country in recent times. On April 8, fire broke out at the Treasury House, a building ...

Just recently, the CBN Governor, Godwin Emefiele revealed plans in unifying the naira’s currency exchange systems around the NAFEX rate. The Central Bank Governor said this at an Investors Conference organised by CitiBank. Nairametrics spoke exclusively to business leaders in various fields of expertise on Nigeria’s central bank move to implement the naira’s unification, and they, in various opinions expressed ...

A High Court on Thursday ordered the Peoples Democratic Party (PDP) Bayelsa chapter, to pay N105 million outstanding rent to the owner of the building housing its state secretariat complex in Yenagoa. Delivering judgment, Justice T. I. Cocodia, granted the prayers of the landlord and former Council Chairman, Mr. Chubby Walson that he was entitled to payment of rent from ...

Lagos residents battled heavy flood after a Thursday morning rainfall submerged various parts of the city. There were traffic gridlocks on major highways and destruction of properties, including a building collapse at Iyana Ipaja, a Lagos suburb. The rain also forced many residents to stay indoors. Some of the worst affected areas include Agege, Lekki, Ajah, Victoria Island, Ifako, Oworo, ...