Real Estate News

The rapid expansion of regional and international trade underscores the need for significant investments in port and logistics infrastructure as gateways for African exports, Chief Executive of Maritime and Port Authority of Singapore, Mr. Andrew Tan has said. Tan stated this while addressing delegates and stakeholders at the just concluded African Maritime Administrations (AAMA) Conference held in Sharm El Sheikh, ...

The Federal Government has called on the 36 State Governments to use Public Private Partnership (PPP) model to improve public service delivery and infrastructure in their respective states. The acting Director-General, Infrastructure Concession Regulatory Commission (ICRC), Mr. Chidi Izuwah, made this call in Abuja on Thursday at the launch of the 2018 Nigeria PPP Network (NPPPN). The theme was “Accelerated ...

Flood wreaked havoc in Ilorin Township on Wednesday as over 200 residential houses were submerged with hundreds of victims displaced and rendered homeless. The most affected areas are Aduralere and lsale Koko communities in the llorin East local Government area of the state. Reports show that hundreds of residents of the affected communities are now taking refuge in Churches, Mosques ...

Nigeria’s power sector has struggled to sustain an average daily power supply of 3,761 megawatts (MW) within the first nine months of 2018, according to a performance trend data obtained from the office of the Vice President, Prof. Yemi Osinbajo. The power sector also lost N381 billion during the period under review as a result of high frequency resulting from ...

The Federal Executive Council (FEC) on Wednesday approved 64.2 million dollars for power supply project to communities within Escravos area of Delta State. Ibe Kachikwu, the Minister of State for Petroleum Resources, disclosed this while briefing State House correspondents after FEC meeting presided over by the Vice President, Yemi Osinbajo, in the Presidential Villa. Escravos, which hosts two major transnational ...

Apparently determined to make government infrastructure live out their lifespan, the Federal Housing Authority, (FHA) has finalized plans set up a facility management agency that will be charged with the maintenance of roads and other social infrastructure in federal housing estates nationwide. Speaking with a news agency, the Managing Director of FHA, Prof. Mohammed Al-Amin, recently in Abuja said that ...

The Federal Government has insisted that the contractors handling the construction of new Lagos-Ibadan standard gauge rail line, China Civil Engineering and Construction Corporation, must employ more professionals, especially Nigerian engineers, and other workers. This will not only ensure the timely delivery of the project in December this year as promised but facilitate smooth transition and operation of the rail ...

The Bonny Youth Federation has lauded the Federal Government for the ongoing construction of the Bonny-Bodo road and bridge projects. Addressing a news conference on Wednesday in Port Harcourt, Bonny Kingdom Youth Leader, Simeon Wilcox, said youths on the island were committed to the successful completion of the project. He said that the entire people of Bonny would contend with ...

Real estate Operators under the aegis of Africa Real Estate Society (AFRES) have hailed the contributions of Chairman of Dangote Cement Plc Aliko Dangote in lessening the burden of unemployment through his contributions to the real estate sector of the African economy. They called on African leaders to encourage him to do more by obliging him the necessary cooperation to ...

The Central Bank of Nigeria on Wednesday gave a notification to revoke the operating licences of 182 other financial institutions in the country. According to the list released by the regulator on Wednesday, 154 of the affected institutions are microfinance banks; six are primary mortgage banks; while the remaining 22 are finance companies. The CBN said 62 of the microfinance ...