Real Estate News

Land fraud- The federal government has made shocking discovery of fraudulent practices in the allocation of land in FCT. The Special Presidential Investigation Panel for the Recovery of Public Property, SPIP, said it has uncovered fraudulent practices in land allocation in the Federal Capital Territory, FCT. The panel said the Federal Government has lost huge funds to land fraud practices ...

Two buildings in Ado Ekiti purportedly linked to the immediate past Governor of Ekiti State, Ayodele Fayose, have been sealed off by the state government for lack of an approved plan and permit. The state government, through the Ministry of Housing and Physical Planning and Urban Development, said the erection of the buildings contravened the laws guiding urban renewal regulations ...

The Lagos State Government (LASG) has earmarked a distressed two-storey building in Ajangbadi area of Lagos, for demolition. The government, through its agency the Lagos State Building Control Agency (LASBCA) has issued a seven-day ultimatum to the owner of the building to demolish it himself or the government would do the demolition with the owner of the property bearing the ...

Governor Ibikunle Amosun of Ogun state has given reasons that hinder Ogun State Government’s plan to reconstruct Atan-Igbesa-Agbara road, saying the Federal Government’s failure to cede the road to the State Government seriously impedes all efforts towards reconstruction of the said road. Reports show that Atan-Igbesa-Agbara road is a strategically-structured economic road which serves as a linkage road between Nigeria ...

Nigeria’s paint industry is projected to record five per cent growth rate from its present estimated $268 million (N96.50 billion) to $377 million (N135.80 billion) by 2025, a business expert has said. Chris Kiwamu, Managing Consultant, Kirsten Turner Consulting, made the projection on Wednesday in Lagos during the 30th Annual General Meeting of the Paint Manufacturers Association of Nigeria. He ...

Chairman, Rice Farmers Association of Nigeria, Jigawa chapter, Adamu Maigoro, on Friday said the recent flooding in the state destroyed over 100,000 hectares of rice farms. Maigoro told a news correspondent in Hadejia that over 10,000 registered members of the association were affected by the flood. “The 10,000 figures captured only the dry season rice farmers, who were supported with ...

President Muhammadu Buhari inaugurated the 600 million dollars new international terminal at the Port Harcourt International Airport funded by the Export-Import Bank of China and the Nigerian Government. With him during the commissioning were Minister of Labour Chris Ngige, Rivers state Governor Nyesom Wike, Minister of State Aviation Hadi Sirika and Rivers APC Gubernatorial Candidate Mr Tonye Cole.     ...

The Federal Executive Council (FEC) Wednesday approved $1.5 million loans from the African Development Bank (AfDB) for the Lagos-Abidjan road project. The approval was granted at the FEC meeting presided over by President Muhammadu Buhari at the Presidential Villa, Abuja. The Finance Minister, Zainab Ahmed, who disclosed this while briefing State House reporters at the end of the FEC meeting, ...

The Minister of Information and Culture, Alhaji Lai Mohammed, says the massive investments in infrastructure by President Muhammadu Buhari’s administration are paying off in economy stimulation and jobs creation. The Minister said this on Thursday in Ibadan at a Special Town Hall Meeting on Infrastructure organised by his ministry and the National Orientation Agency. Our correspondent reports that three other ...

The Minister of State for Environment, Mallam Ibrahim Usman Jibril, has called on the Federal Government and other relevant stakeholders in the capital market to take advantage of the opportunities in green bonds programme to drive infrastructural development. The minister spoke at the maiden Investors’ Capacity Building and Training Session on green bonds organised by the FMDQ OTC Securities Exchange ...