Real Estate News

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, ...

President Muhammadu Buhari says the completion of Amauzari, Amla Otukpo, and other 42 Earth Dams with combined job creation of about 114,526 direct and indirect jobs, will boost irrigation and water supply across the country. The president revealed this during his broadcast to mark this year’s Democracy Day in Abuja on Friday. He assured that the Federal Government would continue ...

Gov. Babajide Sanwo-Olu of Lagos State on Friday said blocks of 113 classrooms in seven schools in the state were ready for commissioning. Sanwo-Olu made this known in his Democracy Day speech tagged: ”Great Leap Towards A Greater Lagos.” He said that education was the third pillar of his administration’s T.H.E.M.E.S Agenda, and investment in the education sector would continue ...

As part of the on-going efforts to control physical development and promote a sustainable living environment, the Lagos State Government (LASG), on Thursday, sealed 19 additional buildings in the highbrow Banana Island, Ikoyi. The sealed buildings violated the physical planning laws of the state in terms of structure and locations, and also failed to obtain the required building permit. The ...