Real Estate News

The Bishop, Diocese of Lagos Anglican Communion, Rt. Rev. Humphrey Olumakaiye, says the diocese will soon commence work on the centenary city it plans to build to commemorate the 100th anniversary of the church. Olumakaiye spoke on Wednesday in Lagos during a press conference, explaining that the city which would be located between Ibeju-Lekki and Epe areas was the church’s ...

The National Pension Commission (PenCom) has cleared 135 companies to bid and participate in federal government businesses. The firms have been issued with certificate of compliance to enable them participate in government deals. PenCom disclosed this in a recent statement published on its website. The companies were certified fit for business by the commission as at January 9, 2019. The ...

Residents, including investors and commuters of Ajah community in Lagos State, have expressed displeasure over the abandoned BRT terminal and Ambode Flyover bridge in the area. The community members lamented that the present status of the construction has paralysed businesses and other activities in the area and therefore called on the state government to expedite project completion. According to them, ...

The Anambra State Government says it has mobilised contractors with N10 billion to asphalt various road projects across the state before the rainy season. Governor Willie Obiano made the disclosure during an inspection of road projects leading to Amansea -Unizik Road, Awka on Tuesday. Mr. Obiano urged all contractors handling road projects in the state to accelerate work, as there ...

Sowore, presidential candidate of the African Action Congress (AAC), has vowed to repeal Nigeria’s existing land use act if he becomes President. The Land Use Act, enacted in 1978, governs land regulation in the country, but has long been criticised for vesting too much power in state governors who are responsible for allocation of land. While speaking at a town ...

A 40-year-old man, Abdul Ibrahim, yesterday appeared in a Karshi Grade 1 Area Court, Abuja, for alleged N840,000 land fraud. The defendant, who resides at Nyanya village, Abuja, is standing trial on a three-count charge of criminal breach of trust, cheating and criminal misappropriation. The prosecutor, Mahmud Lawal, told the court that a written petition by the complainant, Eucharia Ogedengbe, ...

The President, Nigerian Institute of Quantity Surveyors (NIQS), Mr.Obafemi Oluwole Onashile, has cautioned that while addressing the huge housing deficit in Nigeria, the adoption of monopoly knowledge should be jettisoned. To this end, he posited that housing crisis in Nigeria requires a robust collaborative strategy by all professionals in the housing sector. Onashile, who spoke in an interview in Abuja ...

The Vice-Chancellor, University of Ilorin, Prof. Sulyman Abdulkareem, on Tuesday opened the bid by 20 contractors for the laying of asphalt clay on the varsity roads. The Vice-Chancellor who declared the bid open at the university acknowledged the interest shown by the contractors in the execution of the project. READ ALSO: Adeleke University alerts police over threat to demolish school He ...

Former Super Eagles’ captain, Kanu Nwankwo is currently a sad man. Yesterday in Victoria Island, Lagos, the former Arsenal of England striker almost broke down in tears following the realisation that some people are bent on taking over his hotel. The hotel, Hardley Apartment, is subject of a court case over an alleged unrepaid bank loan. A disillusioned Kanu told ...

A real estate manager, Mr. Tunde Balogun, says complexities and absence of a flexible rent payment system make affordable housing to become an illusion for many low and middle-income earners in Nigeria. Balogun, the Chief Executive Officer, Rentsmallsmall Ltd., Lagos, made this known at a media briefing on Monday in Lagos, saying that the issue had made vacancy rate in ...