Real Estate News

Some tertiary institutions in Nigeria might soon get better infrastructure as the Federal Government announced its readiness to release intervention funds for 219 tertiary institutions in the country. The funds are meant to be released through the Tertiary Education Trust Fund for critical infrastructure. While listing the new tertiary institutions that would receive the funds, the TETFund Executive Secretary, Dr. ...

The Rafi Local Government in Niger says it has spent about N75 million on the construction of a 500-capacity conference hall at Kagara town. Alhaji Gambo Kagara, the Chairman of the local government council disclosed this in an interview on Tuesday in Minna. Kagara said that the projects would enhance revenue generation of the council. He said that funds realised ...

Stakeholders in the housing sector have urged the federal government to immediately work out a modality to establish a special intervention fund to take care of the housing deficit of Nigerians. They made the call in Abuja at the 2nd annual Nigeria Housing Finance Conference and Affordable Housing fair 2018 organised by the Nigeria Integrated Social Housing Cooperative Society Limited ...

The Lagos State Building Control Agency (LASBCA) has given a seven-day ultimatum to owners of distressed buildings across the state to demolish them or bear the risk and cost of their demolition by the agency. The LASBCA General Manager, Olalekan Shodeinde, gave the ultimatum on Monday in an interview with the News Agency of Nigeria in Lagos. Shodeinde said that ...

A Grade 1 Area Court in Aso-Pada, Mararaba, Nasarawa State, has sentenced a 24-year-old man, Jonathan Samuel, to two years imprisonment for stealing church property worth N310,000. The convict, who resides behind St. Augustine’s Catholic Church, Aso-Pada, Mararaba, had pleaded guilty to a three-count charge of criminal conspiracy, trespass and theft. The judge, Yusuf Yaqub, however, gave the convict an ...

The Central Bank of Nigeria (CBN) has published the list of thirty-four (34) entities as licensed primary mortgage banks in Nigeria as at the month ended September 30, 2018. The list released by CBN yesterday revealed that eighteen (18) firms or fifty-three (53%) per cent (approx.) of the licenced PMBs operate out of Lagos (In our review of the table, ...

The Federal Government has approved the construction of 35km concrete road by Dangote constructions, a subsidiary of Dangote Group, from Tincan to toll gate in Lagos State. Minister of Power, Works and Housing, Babatunde Fashola, disclosed this during a special townhall meeting on infrastructure organized by the Ministry of Information and Culture in Ibadan, Oyo State. The minister, who noted ...

Over 20 unit owners in Horizon Premier-1 Estate in Lekki, Lagos have dragged the developer, Lekki Gardens Estate Limited, and the Managing Director of the company, Richard Nyong, to a Lagos High Court over the alleged distortion of the estate layout to build shops in the space originally meant for children playground, green area and recreation facilities. In the suit ...

Kano State Government, yesterday in Kano, unfolded plans for the construction of Yusuf Maitama Sule Center for the Advancement of Democratic Politics and Good Governance. While presenting the report of the Committee, set up by the task force, the Chairman of the Committee, Professor Attahiru Jega explained that the centre, would comprise a museum, royal regalia, international market, including main ...

In furtherance of the intermodal transportation system of Lagos State Government, all is now set for the commissioning of an ultra-modern ferry terminal and new access road in Ilaje-Bariga area of the State. The State Government, in a statement on Sunday by Commissioner for Works and Infrastructure, Ade Akinsanya, said the ferry terminal and the newly upgraded road were part ...