Real Estate News

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 ...

LAGOS – To maintain an effective transportation system across the Lagos Metropolis, the Lagos State government has announced the temporary closure of Creek Road, from Mr. Biggs to Warehouse Road junction, in Apapa from Friday, May 8, 2020, to Friday, May 15, 2020, for the resumption of the on-going construction by HITECH. A statement issued at the weekend by the state ...

Ekiti State Governor, Dr. Kayode Fayemi Saturday disclosed that the decision of the state government to enforce the COVID-19 guidelines and regulations would not affect the execution of projects in any part of the state. Fayemi gave the assurance while inspecting ongoing projects at College of Agriculture and Technology, Isan Ekiti; Ado- Iyin road and waterworks project, among others. He ...

As a judge, many controversial cases were brought before me that made headlines in the newspapers. One of such cases was the criminal case of Ejigbadero. I was assigned the Ejigbadero case by the Honourable Chief Justice of Lagos State in 1975. The case attracted a lot of public interest because it involved a well-known socialite, one Jimoh Ishola who ...

The Managing Director (MD) of the Federal Mortgage Bank of Nigeria (FMBN), Mr. Ahmed Musa Dangiwa, has donated N43 million worth of foodstuffs and other consumables to residents of the three senatorial districts of Katsina State. The food items donated, which included 1,064 bags of millet and 720 bags of rice, were distributed to the less privileged in the 34 ...

The Kaduna State Government on Monday announced the closure of all major markets. It said the move was aimed at preventing the spread of COVID-19 in the state. The Managing Director of the Kaduna Market Development and Management Company, Hafiz Bayero, stated this at a press briefing in Kaduna. Bayero said the closure of the major markets and the operation ...

The Presidency has reiterated that the latest Abacha loot will be deployed for the construction works on Lagos to Ibadan highway in the South-West, Abuja to Kano road in the North and Second Niger bridge in the eastern part of the country. It also said part of the funds will also be invested in the Mambilla Power Project. Nigeria and ...

The Lagos State Government has urged contractors and other professionals working on its various housing projects to adhere strictly to the COVID-19 operational guidelines for construction sites in the state. The state’s Commissioner for Housing, Mr. Moruf Akinderu-Fatai, made the appeal in a statement by the ministry’s Spokesperson, Adeola Salako, on Tuesday in Lagos. Akinderu-Fatai said that all contractors and professionals ...

The Nigeria Centre for Disease Control (NCDC) through its Director-General, Chikwe Ihekweazu, recently called on the private sector to support the Centre as Nigeria battles the scourge of the global Coronavirus pandemic. In response, a number of organisations have tendered their support by donating funds, critical medical equipment and infrastructure. Guaranty Trust Bank erected and donated a 100-bed fully equipped ...