Real Estate News

A three-storey building under construction has collapsed in Enugu State. The building, which was located at Ezeluike Street, Olympic Layout, off One Day, Agbani Road, Awkunanaw in Enugu South Local Government Area of the state collapsed on Sunday about 8:20pm. Although there was no casualty, newsmen gathered that the collapsed building had been marked for demolition by the Enugu Capital Territory ...

The rainstorm that accompanied the heavy downpour experienced in Lokoja, Kogi State capital on Tuesday night has led to the destruction of 18 electric poles and some houses in the city. Newsmen’s visit to some affected areas on Wednesday shows that Lokoja and its suburbs are now in total blackout. The Public Relation Officer of the Abuja Electricity Distribution Company ...

In a development that shows faith in the huge potential of the Nigerian economy despite the global economic meltdown caused by the COVID-19 pandemic, Lekki Port LFTZ Enterprise Limited (LPLEL) has received the infusion of $221,047, 248 (N83.997 billion) equity funding from China Harbour Engineering Company (CHEC), one of the shareholders of the Lekki Deep Sea Port Project, currently under ...

The China Civil Engineering Construction Corporation (CCECC) says it has completed the track laying work for Lagos-Ibadan railway. Vice President Yemi Osinbajo performed the groundbreaking ceremony for the standard gauge railway on March 7, 2017. In January, Rotimi Amaechi, the minister of transportation, had said the April deadline fixed for the completion of the standard gauge rail line was no longer ...

Nigeria president Muhammad Buhari on Sunday ordered a total lockdown of activities in two states and the capital city Abuja. The lockdown which began on Monday evening in Abuja, and Lagos, which have the highest number of coronavirus cases in the country, and Ogun State which shares boundary with Lagos State, would have their residents staying at home for the ...

The Commissioner of Police, Lagos State Police Command, Mr. Hakeem Odumosu, has stated that some major markets in the state were complying with the 14 days lockdown issued by the federal government. Some of the places visited, according to the CP during a briefing, included: Maryland, Ojota, Ketu, Mile 12, Owode – Onirin, Majidun, Ogolonto, Agric, Ikorodu and Ojodu – ...

The President, Architects Registration Council of Nigeria, Sir Oladipupo Ajayi, says Nigeria’s real estate industry offers great opportunities yet to be explored. Ajayi said bridging the housing gap in many of the country’s urban centres could create jobs for professionals in the built environment. The ARCON president, who spoke with journalists ahead of his 66th birthday, described Nigeria as a ...

As the coronavirus continues to spread, there is fear and trepidation in the air among real estate community, especially as travel and other economic activity have slowed or stopped. Their apprehension also arose that several sectors have taken a heavy beating, except real estate. And with social distancing, house showings may slow down while pullback by buyers will take momentum ...

At least 15 persons have been confirmed dead at the Abule Ado area of Lagos after an explosion on Sunday morning. Among those confirmed dead are a couple and three of their children on their way to church at the time of the incident.  They were caught in the fire caused by the explosion while driving in their vehicle. The ...

The Federal Mortgage Bank of Nigeria (FMBN) has promised to complete the College of Education Warri Senior Staff Multi-Purpose Cooperative Society Housing Estate, Ekpan, Delta State in a record time. FMBN Managing Director, Ahmed Musa Dangiwa, stated this at the weekend while laying the foundation stone at Adijedo Ekpan. Represented by FMBN Zonal Port Harcourt Manager, Mr. Victor Okosun, Dangiwa ...