Real Estate News

The ravaging flood has submerged over 140 coastal communities in Delta State destroying property worth billions of Naira. The most affected communities are from Warri South-west, Warri North, Ndokwa West, Ndokwa East, Oshimili South, Ughelli south and north, Burutu, Patani, Isoko south, Aniocha South and Bomadi Local Government Area of the state The ravaged communities include; Ofonibeinghan, Bomadi, Patani, Agoloma, ...

The Governor of Oyo State, Senator Abiola Ajimobi has commissioned the Federal Road Safety Corps (FRSC) office complex for Oyo State Sector Command, Ibadan, with a pledge to support the Corps to attain the target of 50% crash reduction by 2020 in line with the United Nations projection. Represented by the Deputy Governor, Chief Moses Alake Adeyemo, Governor Ajimobi charged ...

Federal Mortgage Bank of Nigeria (FMBN) under the aegis of National Affordable Housing Delivery Programme( NAHDEP) in collaboration with labour stakeholders in the country have flagged off a N10 billion housing projects for workers in Kogi State. Addressing the stakeholders in Lokoja on Thursday during the groundbreaking ceremony of the scheme, the Managing Director/Chief of executive of FMBN, Arch. Ahmed ...

Mr. Ahmed Dangiwa, the Managing Director, Federal Mortgage Bank of Nigeria (FMBN), says the bank has so far expended N2.8 billion on construction of 985 housing units in Enugu State. Dangiwa said this on Monday in Nsukka, Enugu State during the groundbreaking ceremony of the National Affordable Housing Project at Nsukka. He said that the housing units were located in ...

The Lagos State Government has directed that officers from Lagos State Environmental Sanitation Corps (LAGESC), who were reportedly involved in a street combat in Ilasamaja area of Isolo, Lagos, Southwest Nigeria, putting the state government in bad light, should be brought to book by facing the consequences of their actions. In a video circulating across social media, the officers, about ...

Some experts in the building, construction industry on Friday called for collaboration among professional bodies and operators for effective delivery of housing projects in the country. The experts made the call at the ongoing Nigeria BuildExpo 2018 in Lagos. According to them, with teamwork, the operators in the industry would achieve effective project delivery as well as eliminate quackery in ...

Pension operators have advocated that the Federal Government invest the over N8.33trillion pension assets into viable infrastructure projects. The pension operators have also said they want such investments to be well-structured and creditworthy. The President, Pension Fund Operators Association of Nigeria (PenOp) Mrs. Aderonke Adedeji, said at a retreat for legislators in Calabar, that for the first time Nigeria can ...

In consideration of requests made by property owners in Enugu and in consonance with its commitment to the wellbeing of the people, the Ifeanyi Ugwuanyi Administration has approved a 50 percent discount on accrued land use charges in Enugu State. Briefing newsmen on the outcome for the State Executive Council (EXCO) meeting, the Commissioner for Enugu Capital Territory Development Authority ...

Nigeria will need as much as $1 trillion modernize its energy infrastructure, Vice President Yemi Osinbajo said Thursday in Abuja. While speaking at the National Energy and Climate Change summit held at the Presidential Villa, Osinbajo said “huge investment of about one trillion US dollars required to modernize our energy infrastructure in twenty-nine years between 2014 and 2043.” Osinbajo, who ...

The Federal High Court, Abuja on Thursday held that President Muhammadu Buhari’s Executive Order 6 is in line with the 1999 Constitution. The judge, Ijeoma Ojukwu, made the pronouncement while delivering judgment in a suit filed by two lawyers; Ikenga Ugochinyere and Kenneth Udeze, challenging the legitimacy of the order. Mrs. Ojukwu held that it was within the powers of ...