Real Estate News

Vice President Yemi Osinbajo says the Federal Government has spent N1.7 trillion in capital investment in two budget years. Osinbajo disclosed this while addressing participants at the 9th Presidential Quarterly Business Forum held at the State House Banquet Hall on Monday in Abuja. The vice president said that infrastructure development was crucial in economic growth and job creation. He commended ...

Two men, Ademola Onifade, 20, and Riyali Abdullmumin, 27, were on Friday arraigned in an Ikeja Magistrates’ Court, for allegedly stealing and vandalising cables in the premises of Nigerian Railway Corporation. The defendants were arraigned on a four-count charge of conspiracy, damage, stealing and receiving stolen property. The prosecutor, Sgt. Mike Unah, told the court that Onifade committed the offences ...

Spaces for Change, a non-governmental organisation, in partnership with the Lagos State Resilience Office, is leading an initiative to address poverty among slum dwellers in the state. The organisation, also known as S4C, recently led a focus group discussion on empowering slum dwellers to quit poverty and live a better life, noting that this would go a long way in ...

The Federal Government on Thursday flagged off N1.7billion erosion control work on Nduetong Oku-Ikpa road, cutting across Uruan and Uyo Local Government Areas of Akwa Ibom. Senator Ita Enang, Senior Special Assistant to President Muhammadu Buhari on National Assembly Matters (Senate), did the flagging off ceremony. He said that the project would alleviate the suffering of the people and boost ...

Property fraud – The Federal Government has uncovered 114 companies neck deep in shady land deals, even as it raked in N1.173 billion in tax revenues from January till date. The Executive Chairman, Federal Inland Revenue Services (FIRS), Tunde Fowler, made the disclosures in Abuja at the African Union high-level panel on illicit financial flows from Africa. According to him, ...

A farmer, John Ologunleko, on Thursday appeared before an Okitipupa Chief Magistrates’ Court in Ondo State over alleged unlawful damage of property, valued at N1.6 million. Ologunleko, 60, of no fixed address, is facing a five-count charge, bordering on felony, encroachment, unlawful damage, threat to life and breach of peace. The Prosecutor, Insp. Ayodeji Omoyeigha told the court that the ...

The projects, which were constructed by the EU-UNICEF in collaboration with Osun Government, were inaugurated in 146 communities of Odo-Otin, Ifedayo and Ayedaade Local Government Areas of the state Speaking during the inauguration, Mr. Olaposi Adiatu, General Manager of Osun Rural Water and Environmental Sanitation Agency (RUWESA), said the prompt payment of N226 million counterpart funds by the state government ...

As Nigeria marks the International Teachers Day, the Nigeria Union of Teachers (NUT) has called on the Edo State Government to take urgent steps to fix the problems facing the education sub-sector. The State Chairman of the NUT, Mr. Pius Okhueleigbe made a call on Thursday and explained that while current efforts by Governor Godwin Obaseki to introduce technology in ...

Globally, there is a strong consensus that the development of the housing sector is essential for stimulating economic growth. Housing construction is one of the frequently used indices for measuring economic conditions worldwide. However, recent reforms in the mortgage industry are set to bring sustainable growth in the industry and bridge the housing deficit, which is estimated at 20 million. ...

Capital market operators, under the aegis of Chartered Institute of Stockbrokers (CIS), have cautioned the federal government to be less financially involved in the funding of critical infrastructure, but concentrate more in the formulation of policies that will transform the living standard of Nigerians. The operators gave the advice in Lagos, yesterday, during the 22nd Annual Conference of CIS. Speaking ...