Real Estate News

The National Council for Arts and Culture (NCAC) has said it is reconstructing the arts and craft village into a strictly cultural market. The council is also optimistic that the new cultural market when completed, will generate over 200 jobs. Director General of the council, Olusegun Runsewe stated this while inspecting ongoing construction works at the permanent site in Abuja ...

The Nigerian military is said to be claiming ownership and began clearing a piece of land said to belong to the Nigeria Police Force along Kuje-Airport road in Abuja. Our reporter observed that the property already contained structures said to be accommodation and peacekeeping campground, bearing Nigeria Police insignia. But a large portion of the front part of the land ...

The perennial gridlock in the port city of Apapa, Lagos, is exerting enormous toll on the value of landed property in the area, according to reports. A study conducted last week reveals that the value of property in Apapa GRA has dropped by as much as 25% over the past three years while tenement rates for residential accommodation have dropped ...

Traders at Ladipo Market in Lagos have appealed to Lagos State government to construct pedestrian bridge at Toyota Bus Stop to put an end incessant loss of lives and traffic snarl often caused by huge pedestrians crossing Oshodi/Apapa Expressway. Every morning and evening, pedestrians, especially traders at the popular Ladipo market have to cross the dual carriage express road and ...

Nigerian Institution of Quantity Surveyors (NIQS) last week backed the Federal government’s new Executive Order on Road Infrastructure Development and Refurbishment Investment tax Credit Scheme, as they seek the inclusion of professionals, especially its members in the proposed management committee. However, the innovative Order whilst very good in principle, they said, could fail due to many possible abuses and some ...

The real estate industry is growing in such a way that it has become easier to market real estate products but much harder to convert a sale. Isn’t that ironic? . There are several reasons for this, but i would like to highlight the inability of agents to come up with creative marketing ideas and strategies as the biggest reason. Estate agents need ...

The Lagos Governorship Candidate of the Peoples Democratic Party, Jimi Agbaje, has promised that his government would declare an emergency on roads, rid the state of potholes and complete the Apapa-Badagry Expressway in record time. Agbaje also promised that his regime would spread even distribution of infrastructural development through the 20 local governments as well as embark on a programme ...

Kebbi State Government has promised to continue to give priority to local contractors in the award of road contracts because of the quality of the jobs they have been executing. Governor Abubakar Atiku Bagudu disclosed this while inaugurating some road projects in Kalgo area of the state. He said the way the local contractors handled and executed road projects awarded ...

Vice President Yemi Osinbajo, on Thursday inaugurated 100 housing units at Emotan Gardens in Benin City, Edo State. Speaking during the presentation of the 100 housing units to the vice president, Governor Godwin Obaseki welcomed Osinbajo to the state. Obaseki said: “This is cluster one of Emotan Gardens, whose foundation you laid a few months ago. “The first 100 of ...

The governorship candidate of the All Progressives Congress in Lagos State, Mr. Babajide Sanwo-Olu, has promised to compensate owners of buildings that were demolished for road construction in Ikorodu. Sanwo-Olu stated this at the resumption of the party’s mega rally in Ikorodu. He said when elected, his administration would ensure that owners of buildings demolished for expansion of Ishawo Road ...