Real Estate News

Minna branch of Nigeria Society of Engineers (NSE), has stressed the need to urgently come up with road sector reform that would allow for private sector participation to ensure availability of funds and technical support services for road pavement management system. The chairman of the branch, Prof (Eng) Mohammed Baba Ndaliman, said in a news conference, yesterday, that the call ...

Stakeholders in the building industry and governments at all levels have been encouraged by construction experts to embrace a new technology that saves cost, allows construction materials to be reused 200 times over and also checks sharp practices and quackery during construction. The call was made during a one-day seminar tagged: “Modern Buildings, Modern Structures, the How, the Why and ...

Some Landlords whose houses were being used as magistrate courts have given the Ondo State Judiciary a quit notice over inability of the judicial arm of government to pay rents of property converted mainly for adjudication purposes for several years. Until the building of new Magistrate Courts in Akure, the state capital, the courts had used Olukayode House at Oshinle ...

Nigeria recorded a total investment commitment of $45.7bn in various sectors of the economy within the first six months of this year. Figures obtained from the Nigerian Investment Promotion Commission showed that the $45.74bn investment commitments were made for 42 projects in nine states and the Federal Capital Territory. The sectoral analysis of the commitments indicates that investors were willing ...

The Ogun State Government has slashed by 67 per cent the ground rent for Base Transceiver Stations owned by IHS. The Chairman of the Nigerian Communications Commission, Senator Olabiyi Durojaiye, while speaking at the NigeriaCom conference in Lagos, said this was made possible by the intervention of the commission. As such, he said the Ogun State Government had agreed to ...

The US government has kicked off move to seize assets within its shores owned by former petroleum minister Alison Diezani-Madueke which were proceeds of shady contracts. According to the report, the US government filed a suit to recover $144 million in assets through its justice department’s kleptocracy asset recovery initiative. The suit filed on Friday, September 21 in Houston, Texas ...

Infrastructure developments have always taken the front burner as a yardstick for measuring the performances of all levels of government. In Niger state, how the administration of Governor Abubakar Sani Bello is reversing infrastructure decays as a means of development recently took the centre stage in the scrutiny of the administration’s scorecard as presented by the Commissioner for Works and ...

Stakeholders in the real estate industry have identified uncertainty over land titles as one of the major factors inhibiting the growth of the industry in the country. Other inhibitors, according to them, are regulatory bottlenecks, difficulties in obtaining permits and approvals, infrastructure deficit and funding constraints. The stakeholders spoke in Lagos at the 7th edition of the Real Estate Unite ...

JUSTICE Oluwatoyin Taiwo of an Ikeja High Court on Friday fixed October 5 to rule on a no case submission filed by a legal practitioner, Kole Bello who is standing trial for allegedly forging a Certificate of Occupancy (C of O) of landed property in Lekki. Bello who is standing trial alongside three others was expected to open his defence ...

Action Democratic Party (ADP) candidate in Saturday’s Osun governorship poll, Alhaji Moshood Adeoti, has promised to complete all road projects initiated by the present administration in the state. Addressing supporters at a rally at the Nelson Mandela Freedom Park, Osogbo, Adeoti said he would also dialogue with the federal government regarding the slow pace of work on Osogbo/Ilobu/Ogbomoso road, Osogbo/Ila ...