Real Estate News

A 10 megawatt solar plant has been installed at the University of Ibadan by the Nigerian-German Energy Partnership, NGEP. Vanguard reports that the plant, which serves as a pilot project for universities in the country, is to provide electricity for the university and also serve as a training site for engineering students of the institution and technicians. According to Vanguard, ...

In a bid to reduce the high  cost of accommodation  in the South-East  geo-political zone, Enugu State Chambers of Commerce, Industry, Mines and Agriculture, ECCIMA, yesterday, made it known that its maiden Enugu State Housing Forum scheduled to start tomorrow, will bridge the gaps responsible for high cost of accommodation. Vanguard reports that ECCIMA explained it had brokered an arrangement with the ...

Citing security concerns and flagrant abuse of its building regulations as its main reasons, the Lagos State Government on Tuesday clarified its decision to demolish illegal structures and shanties erected along the river banks and under high tension cables across Lagos.  Vanguard reports that Lagos State’s Commissioner for Information and Strategy, Mr. Steve Ayorinde, while addressing journalists at the Bagauda ...

The Minister of State for Aviation, Sen. Hadi Abubakar Sirika, has alleviated fears that the on-going moves to concession four airports would be injurious to the country. The Guardian reports that Sirika, who appeared before House of Representatives Committee on Aviation led by Mrs. Nkiruka Onyejiocha, also faulted the notion that there was a mass retrenchment of workers in the ...

The MD/CEO of Realty Point LTD, Debo Adejana has reiterated the need for landlords to be adequately engaged in master plans. Mr. Adejana made this known in an interview with Independent newspaper, which was published today, October 18, 2016. In the interview, while he was answering a question on implementation of master plans years after structures have been developed in ...

The Enugu State government, during the weekend, launched N2.1 billion rural development projects in all the 17 local councils. The Guardian reports that the exercise took place simultaneously at the various project sites across the state with government officials performing the functions. According to The Guardian, the state Governor, Ifeanyi Ugwuanyi who performed the ceremony at Udi local council said his ...

The Nation reports that Dangote Industries Limited (DIL) has bought Twister B.V., a company headquartered in the Netherlands delivering reliable, high-yield and robust solutions in natural gas processing and separation to the upstream and midstream oil and gas sectors. Twister’s unique separation capabilities are designed for augmenting production and streamlining processes, to capitalise on high-yield gas processing for maximising revenues. Based ...

In order for the country to move out of recession, Prof. Pat Utomi, a Political economist and Management analyst, has urged the Federal Government to invest massively in infrastructure. The Nation reports that Prof. Utomi also advised the government to make funds available to micro, small and medium scale enterprises (MSMEs) and boost the production of raw materials for finished goods ...

Reports show that the chairman of Brass Local Government Area, Bayelsa State, Bello Bina, has called on the Federal Government to tackle the issue of environmental degradation and erosion without delay, to prevent possible loss of lives and property. Vanguard reports that Bina said that though the local government administration had taken over some shoreline protection projects abandoned by Niger ...

Delta State Government has made it known, yesterday, that it may be compelled to evict residents of the 5,000 houses allegedly built on government land in the core Area II in the Asaba metropolis at the expiration of the 90 days given to property owners in the affected area to regularise their documents. Vanguard reports that the Chairman of the Land Regularisation ...