Real Estate News

The Lagos State Government has intensified efforts to complete construction works on nine concrete jetties, with shelter and shoreline protection across the State waterfront, in a bid to improve and boost water transportation, as well as decongest traffic on the roads. The Honourable Commissioner for Waterfront Infrastructure Development, Arch. Kabiru Abdullahi disclosed this on Wednesday at the 2020 Ministerial Press ...

The Niger State Governor, Alhaji Abubakar Sani Bello, has described the abduction of some construction workers in the state by bandits as an act of sabotage. A site engineer, Alhaji Abubakar Sadiq, and three other members of staff of an indigenous road construction company were kidnapped in Shiroro Local Government Area last week by the bandits who initially demanded N1 ...

Notwithstanding the positive outlook for the Nigerian property market in 2020, the COVID-19 pandemic has impacted negatively on the market, leaving property investments in disarray. With the disruption, home buyers are still hesitant to buy. For them, the period was not ripe to invest as they don’t know how long the pandemic will last and are adopting a survival strategy. ...

In response to the partial collapse of a 3-storey building at Alagomegi-Yaba on Monday, the Lagos State Government (LASG) has ordered owners of buildings in the state to immediately carry out structural stability tests on their properties. This is expedient, given the onset of the rainy seasons, and the presence of statistics to show that many buildings collapse during the ...

No fewer than 300 shops adjacent Ogbeogonogo market in Asaba metropolis were gutted by an early morning fire on Tuesday. The incident left many traders in tears and goods worth millions burnt. Although the fire was brought under control four hours later, many shops had been gutted. The cause of the fire, which gutted Echolac Line-a row of ramshackle shops ...

The Nigerian Defence Academy (NDA), Kaduna, in collaboration with the Depot, Nigerian Army, Zaria, has renovated the maternity ward of the General Hospital, Tudun Wada, in Tudun Wada Local Government Area of Kano State. The army also equipped the hospital with new equipment. In addition, the army drilled two boreholes in Fayinbo and Sangaya Dafaduka communities, Goguwa Local Government. It distributed ...

Bauchi state government has handed over plots of land to contractors for the construction 2, 500 houses in the six emirates of Bauchi, Katagum, Misau, Jama’are, Ningi and Dass that will be given to poor citizens as loan. Chairman of the Bauchi state projects monitoring and evacuation committee Baba Muhammad Dadi who handed over the plots to the contractors recently ...

The reigning winner of Big Brother Naija, Mercy Eke has officially announced the launching of her real estate company, Lambo Homes. Taking to her Instagram handle, she announced to her fans and other social media users. In her post, Mercy Eke revealed that she had always wanted to own a real estate company for the past ten years and feels ...

The Chairman of the committee, Ademorin Kuye, said this on Tuesday at the committee’s inauguration in Abuja. “The figure is a conservative estimation carried out by the Nigerian Society of Engineers (NSE) on the abandoned properties located in Lagos, Ibadan, Enugu, Port Harcourt, Kano, Kaduna and other cities,” he said. He recalled that on March 12, the House of Representatives ...

NHF loan – As the Coronavirus pandemic (Covid-19) ravages the world with its impact on economy and wellbeing of individual households, experts in real estate are seeing declining liquidity and prioritisation of consumption as major factors that may affect activities in the industry. They also proposed a three month processing time for the National Housing Fund (NHF loan) to ease ...