Real Estate News

The Chief of Air Staff (CAS), Air Marshal Sadiq Abubakar, has officially commissioned a 18X2 bedroom accommodation built for the Air Force personnel at the 551 Nigerian Air Force (NAF) Station in Jos, the Plateau State capital. Speaking at the ceremony, Abubakar said NAF has in the last three and half years provided accommodation and other welfare services for the ...

The Edo State Government has flagged off the construction of 3.2km road projects across Ikpoba-Okha and Oredo local government areas. The projects include a 1.5km road in Oghoghobi Community in Ikpoba-Okha LGA and 1.7km road project in Ogunwehi Community in Oredo LGA. At the flag-off of the projects, Edo State Coordinator, State Employment and Expenditure for Result (SEEFOR), Mr. Toju ...

Housing specialists have advised stakeholders to improve investment in the sector to mitigate existing deficits and create more affordable homes for Nigerians. They spoke at the 2018 end of year programme organised by Brit Property Nigeria Limited in Lagos. According to them, investment in Real Estate gives good returns than other investment instruments in the country. The Chief Executive Officer, ...

The Federal Capital Territory Administration (FCTA) will soon commence the construction of more classrooms and employment of teachers in order to improve standard and to decongest the classrooms. FCT Education Secretary Dr. Bala Mohammed Liman dropped this hint while speaking with a section of the media during an inspection of resumption of schools in Abuja, last week. He noted that ...

Residents of Akinde Street, off Balogun Road, Ishaga, Lagos State, are apprehensive that their property will be affected by severe flooding during the upcoming rainy season following the rehabilitation of the existing railway line that connects Lagos State with other states of the federation and the construction of a new one. According to the residents, they encountered severe flooding during ...

The Federal Government has revealed it invested about N2.7 trillion in the last three years on infrastructure in the country. This was disclosed by the Senior Special Assistant to the President on Infrastructure, Ms. Imeh Okon on Friday in Uyo, Akwa Ibom State during a High-Level Stakeholders Retreat on Public-Private Partnership. According to Okon, the Federal Government had to go ...

Real Estate Developer and Lagos Governorship Candidate of the Action Democratic Party, Babatunde Gbadamosi, has urged Nigerians to vote only for parties with concrete plans for housing projects in Nigeria. Gbadamosi said Nigerians must ask questions on manifestos and how they could be achieved from Presidential and Governorship candidates on housing plans before going to the polls. Gbadamosi told newsmen ...

The Minister of State for Power, Works and Housing, Mr. Mustapha Shehuri, has summoned the contractor handling Mararaba Mubi-Michika-Madagali road, Rhas Nigeria Limited, for abandoning the project. Shehuri summoned the constructor on Saturday in Yola during an inspection of some Federal Government road projects in Adamawa. He expressed dissatisfaction over the abandonment of the project by the contractor after collecting ...

The Pension Fund Administrators have raised the amount invested in real estate to N225.04bn, latest figures obtained from the National Pension Commission have shown. This amount represents 2.7 per cent of the total assets of the PFAs, which stood at N8.34tn as of the end of September 2018. According to the commission, the amount invested in the real estate fell ...

Property worth millions of naira was destroyed by fire at the bush bar section of King David Hotel, Awka, Anambra state. The fire which started around 11.30pm was said to have completely razed down the bar. It was gathered that the fire was caused by electric spark that touched the roof of the hotel’s thatched bush bar. The Senior Supervisor ...