The Hon. Ehiozuwa Agbonayinma-headed House of Representatives adhoc committee investigating the award and execution of rail contracts was yesterday told that six contractors involved in the over N1 trillion Rail Contracts are to refund N2.5 billion to the coffers of the Federal Government. The contractors who participated in the railway construction and rehabilitation contracts are to make the refunds for excess ...

The Nigerian Inland Waterways Authority (NIWA) has read out the riot act to operators of dredging businesses in Lagos State. The risks posed by dredging activities to the environment as well as human life both in the immediate and long-term equation was the burning issue when stakeholders of the sector met at a meeting for dredging operators. Under the new ...

President Muhammadu Buhari who spoke when he received the United States Permanent Representative to the United Nations, Ambassador Samantha Power, at the Presidential Villa, Abuja, yesterday said that his administration has begun the process of compiling the data of the Internally Displaced and refugees in order to quickly resettle them. Adding that the process is being done by designated Federal ...

Do you know there are important milestones or stages in building construction that you need to take note of? Sometimes, it can be very dangerous to stop your construction  before getting to these milestones as they have the potential to affect your construction negatively. There is definitely more to this topic, and Debo Adejana, MD/CEO of Realty Point Limited is ...

The Borno State government has announced plans to commence construction of 1,000 housing units in Bama Township, which will cater for Internally Displaced Persons (IDPs) in Maiduguri camps. Under the projects, the State’s Ministry of Rehabilitation, Reconstruction and Resettlement (MRRR) has already moulded one million cement blocks in September, 2014 for the purpose of re-building of destroyed houses by Boko ...

According to the latest capital market research, Global real estate transaction volumes fell in the first quarter of 2016 in line with weaker market sentiment. However pockets of growth were registered in some regions with expectations for 2016 activity to stay broadly in line with 2015, says the report from Jones Lang LaSalle (JLL). Based on JLL’s preliminary data on ...

The Federal Housing Authority has said that Federal Government got N73.2m as revenue in March from its estates in the South-West zone of the country. The FHA, in a document made available to Punchng correspondent, quoted its Acting Zonal Manager, South-West, Ms. Aisha Onotu, as saying that FESTAC Town provided the highest revenue of N58.87m, while Gowon Estate, Ipaja and ...

NIESV has called upon government to ensure that contractors who handle collapsed buildings are adequately prosecuted in order to serve as deterrent to others, and at the same time, stem the tide of structural failures in the country. This call was made by the Chairman, Ogun State Chapter of the Nigerian Institute of Quantity Surveyors, Mr. Biodun Awolesi, on the ...

The Lagos State Government has urged the residents to plant more trees across the state in order to preserve the environment as well as diversify the nation’s economy from the current dependence on crude oil. The Commissioner for the Environment, Mr. Babatunde Adejare, made the call at the 2016 tree-planting awareness seminar organised by the Lagos State Parks and Gardens ...

No fewer than 50 shops were destroyed by fire on Wednesday at Ladipo Auto Spares Market, Mushin, Lagos. The News Agency of Nigeria (NAN) reports that goods, particularly assorted vehicles spare parts, were burnt at the Osoro section of the market. Nkire Ezeigbo, Public Relations Officer, Ladipo Auto Dealers Association, told NAN that the fire started at about 3.30 a.m. ...