Real Estate News

Federal Capital Territory Administration (FCTA) is working diligently to ensure timely completion of the Southern Parkway, the road complex traversing four key roads in the city’s main business districts of Garki, and Central Business District (CBD). Speaking to newsmen on the pace of work recently, the Director, Engineering Services, Federal Capital Development Authority (FCDA), Engr. Hadi Ahmad disclosed that the ...

The Lagos State Government, on Sunday, said concerted efforts were on to rehabilitate failed portions of highways and roads across the metropolis, with a pledge to aggressively fix potholes in coming days. The state’s Commissioner for Works and Infrastructure, Mr Ade Akinsanya, in a statement, said though many roads across the State had been fixed in the last few weeks, ...

The closure of a section of the Ijora Bridge, outbound Apapa, is worsening the already chaotic traffic situation in the Lagos, says the Seaport Terminal Operators Association of Nigeria (STOAN). Vicky Haastrup, STOAN chairman, who stated this in Lagos on Tuesday, said the closure of the bridge, which links Apapa to other parts of the Lagos metropolis through the Wharf ...

The Borno State Governor, Kashim Shettima, on Sunday flagged off the building of 500 houses to replace homes destroyed by Boko Haram insurgents in Gajiram, headquarters of Nganzai Local Government Area. Nganzai, an agrarian local government, about 90km from Maiduguri, the state capital, was among the communities that were badly hit by the Boko Haram onslaught. Gajiram, ancestral home of ...

Disturbed by the increasing rate of human casualties on project sites, the Nigerian Institute of Building (NIOB) has urged artisans to adhere to safety procedures during construction activities. The institute decried acts of non-compliance with safety guidelines, which has been recommended internationally for artisans and called for a change of attitude to prevent further loss of lives. The Chairman, Lagos ...

To effectively harness the use of geospatial technology in mapping and range measurement, surveyors have called for the enactment of proper legislation to ensure its full utilization of Continuously Operating Reference Stations (CORS). CORS stations are Global Navigation Satellite System (GNSS) receivers, which are permanently mounted in different places, provide data consisting of carrier phase and code range measurements in ...

Industry experts have advised practitioners to make decisions based on the property life cycle, create an environment, which fosters, embraces innovation and change. They argue that such projections and decisions will improve the quality of life of people and productivity of the core businesses in the built environment. The experts spoke at the second edition of the Facilities Management Lecture ...

Flood victims in Adamawa State have appealed to the Federal Government to come to their aid to ease their hardship. Reports show that between July and September this year, thousands of people were affected by floods in 18 out of the 21 local government areas of the state. Findings reveal that the majority of those that were affected by the ...

The Managing Director/Chief Executive of The Infrastructure Bank, Mr. Adekunle Oyinloye, has put the amount spent on infrastructure in the country between 2014 and 2017 at N5.5 trillion ($11.5 billion). Oyinloye, made the disclosure in Lagos at the annual dinner of the Association of Professional Women Bankers (APWB), with the theme: “Funding Infrastructure Development in an Emerging Economy,” that took ...

The Central Bank of Nigeria (CBN) has set the minimum capital requirement of N6 billion for the operation of Mortgage Guarantee Companies (MGC) in the country. In an exposure draft posted on its website, it pointed out that the licencing of MGC would deepen the mortgage banking sub-sector, through increased market access to mortgage finance and sharing of credit risk ...