Real Estate News

“The Oyo State Government has called on landowners to release their idle lands to investors for cultivation so as to boost the state’s agricultural development.”- The Nation Prince Oyewole Oyewunmi, the Commissioner for Agriculture, Natural Resources and Rural Development, made the call a news conference in Ibadan on Wednesday. Gov. Abiola Ajimobi has repeatedly claimed that the major thrust of ...

According to The Nation, the Afe Babalola University in Ado-Ekiti (ABUAD), Ekiti State capital, will, on Friday, inaugurate a 400-bed teaching hospital as part of activities marking its fifth convocation. Vice Chancellor Prof. Michael Ajisafe, who addressed reporters yesterday to herald the Convocation Week, said 869 students will graduate with Bachelor’s degree and 42 with postgraduate degrees. He said 83 ...

Premium Times reports that the Minister of Federal Capital Territory, Musa Bello, has said the FCT Administration needs over N80 billion to provide infrastructure in the new districts. The minister, while fielding questions from journalists on Thursday also explained why his administration stopped further allocation of land in the Nigerian capital He said FCT is grappling with a situation where ...

This Day reports that the Federal Mortgage Bank of Nigeria (FMBN) has expressed its displeasure over the creation of parallel housing finance programmes by the World Bank, saying it will  lead to duplication of efforts on the part of government and other stakeholders. The Managing Director, FMBN,   Ahmed Dangiwa expressed concern while receiving World Bank team in his office in Abuja recently, ...

Several persons have been confirmed dead and property destroyed following a clash between Danere community of Boki Local Government Area of Cross River State and Bodam region of Cameroon. The crisis is said to have erupted as a result of protracted tensions over poorly defined international boundaries. Cross River State’s Commissioner of Police, Hafiz Inuwa, confirmed the incident to Channels ...

“Luxury commercial real estate and hospitality company, Sujimoto Construction; has been recognised by the International Property Awards for value creation in Nigeria’s real estate industry.”- Punch The Chief Executive Officer of the company, Sijibomi Ogundele, said the approach of excellence and attention to detail that went into the firm’s Medici development earned it the award. He added that the same approach would ...

According to Bella Naija, the Lagos State Government has unveiled the statue of Fela. It is also known as the Liberation Statue which is in honour of late afrobeat legend Fela Anikulapo-Kuti. The Liberation Statue has been erected at Allen Avenue round-about, Ikeja. Lagos State Governor Akinwunmi Ambode, speaking at the event, described Fela as one who fought for the liberation of his people. ...

“As the country gradually exists recession, stakeholders are set to examine the short-term indicators and long-term structural changes that will reinstate investor confidence in the nation’s real estate industry.”- Punch According to the organisers of the Real Estate Unite, this and many more issues that affect the industry will form the basis for discussion at this year’s edition of the ...

“Concern remained high at the weekend that off-plan sales strategies, which have become popular among property developers may be taking its tolls on prospective subscribers as complaints are mounting within the authorities, following the plights of subscribers of Property Mart Real Estate Investment Limited, in Magodo over an alleged ill treatment in the Mainland Garden scheme situated in Papalanto road, ...

“The Vice President of the Federal Republic of Nigeria, Professor Yemi Osinbajo, SAN (GCON), today in Bonny flagged off the construction of the N120 billion Bonny-Bodo road to be jointly funded by Nigeria LNG Limited (NLNG) and the Federal Government, through the Federal Ministry of Power, Works and Housing.”- World Stage Nigeria LNG is contributing the sum of N60 billion ...