Real Estate News

The Nigerian Geological Survey Agency on Thursday said a earth tremor of 3.0 Mercalli Intensity Scale occurred around the Maitama axis in Abuja at about 12.26pm. This is the second time earth tremor is being reported within the precincts of the Maitama in about two months. On September 6, residents of Mpape off Maitama district of Abuja were in panic ...

Yakubu Dogara, Speaker of the House of Representatives, on Tuesday commended Federal Road Safety Corps (FRSC), over the introduction of digital technology, especially in driver’s license processing, with a drastic time cut for applicants. The Speaker, however, expressed regrets that there is still high rate of loss of lives to road crashes across Nigeria, even as he promised that the ...

Reno Omokri, a former presidential media aide, says President Muhammadu Buhari is an ingrate for saying former President Goodluck Jonathan did nothing for infrastructure. It was reported earlier that President Buhari blamed previous governments for the infrastructural challenges Nigeria is facing. The President said this when he received the outgoing British High Commissioner to the country, Paul Arkwright, at the ...

Minister of Transportation, Rotimi Amaechi, says he is displeased with the slow pace of work at the Lagos end of the Lagos-Ibadan rail project. He called on the contractors to speed up work after visiting the project site on Tuesday, October 30, 2018. The minister said, “There is a slow pace of work in the Lagos axis of the project. ...

The Chartered Institute of Logistics and Transport (CILT) Nigeria, has expressed concern over prevailing challenges and recurrent low contribution of the railways and inland waterways to the movement of cargoes across the country. Besides, the institute bemoaned the lingering infrastructure deficiency that has rendered the trucking of cargoes inefficient, even as the nation relies on trucks for physical distribution of ...

President of the Nigeria Institute of Building (NIoB), Kenneth Nduka, has advocated that construction managers should define policies that mitigate against hazards in construction sites before commencement of physical work. Nduka who disclosed this during the 27th conference and AGM of the Lagos chapter of the NIoB that held in Lagos, noted that besides financial and corporate integrity costs, that ...

President Muhammadu Buhari yesterday in Abuja lamented that despite the huge resources at the disposal of Nigeria between 1999 and 2014, infrastructure became rotten within the same period. Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, in a statement, said Buhari made the remarks while receiving the outgoing British High Commissioner to Nigeria, Paul Arkwright, in ...

The Osu of Agwada chiefdom in Nasarawa state, Alhaji Abubakar Sadiq-Obagu, has appealed to the state government to construct Kofar Gwari/ Agwada road to boost the socio-economic activities of the people of the area. Sadiq-Obagu made the appeal on Tuesday in his palace in an interview with newsmen in Agwada. The second class traditional ruler said that the construction of ...

Housing experts have identified low income as the major reason why public servants cannot access the housing mortgage funds meant to address the housing needs of workers. The Chairman of the 2nd Nigeria Housing Finance Conference, Mr. Bassett Ekpeyong, said this while giving his opening remarks, yesterday at a conference organised by the Nigeria Integrated Social Housing Cooperative Society Limited ...

Given the weak revenue generation of the Nigerian government, the federal government has been urged to involve the private sector in the financing of infrastructure. It is estimated that about $100 billion must be invested annually to finance infrastructure development in Nigeria to close the deficit. But the weak revenue generation of the Nigerian government shows that the country cannot ...