Real Estate News

Reform of the mortgage laws is the best way to achieving affordable homes for all Nigerians, the Chairman, Estate Surveyors and Valuers Registration Board of Nigeria, Nweke Umezuruike, has said. Umezuruike, who spoke at the meeting the board and other stakeholders held recently in Lagos, explained that the reform will also enable Nigerians to own homes at cheaper rates. He ...

The actual development of the Abuja Centenary City project is about to commence, Chief executive of Centenary City Plc, one of the co-developers of the project, Al-hassan Dantata, announced in Abuja on Tuesday. A special feature of the $18.76 billion city, Mr. Dantata said, will be the iconic ‘Buhari Tower’ that would house residential flats for civil servants and middle-income ...

The Federal Government is currently negotiating a loan of about $6bn with the China Export-Import Bank for the construction of the Ibadan-Kano rail line. It has also approved $195m for the security of Nigeria’s waterways by an Israeli firm in order to curb criminal activities in the maritime sector. The Minister of Transportation, Rotimi Amaechi, disclosed these at an interactive ...

Commercial drivers and commuters plying the Lagos-Ibadan Expressway have lamented the gridlock caused by the illegal roadblocks mounted by some men and officers of the Nigerian Army on both sides of the expressway, opposite the Deeper Life Conference Centre. The soldiers who had earlier mounted the roadblocks at the Oremeji end of the expressway recently moved them to the Deeper ...

A major highway in Ado-Ekiti, the Ekiti State capital, has been taken over by massive flood, making passage difficult for residents and motorists plying the road. The flood was as a result of a downpour experienced in the city in the last one week, which also rendered many residents homeless. Property worth millions of naira, including houses, cars and household ...

Niger State Rural Access and Mobility Project says it has spent about N2 billion on the construction of rural roads across the state. Hassan Baba, its Project Coordinator, disclosed this in an interview in Niger, Minna on Monday. He named the benefiting rural communities to include: Mokwa-Ja’agi road 45.24 kilometres, Wuya Suman-Lemu road 36.93 kilometres, Suleja-Abushi-Izom road 31 kilometres, Sabon-Wuse-IjahGwari ...

Lagos – Professionals with the construction industry have called on the federal government to immediately undertake full-blown scientific investigations into the ongoing earth tremor in Mpape, Maitama, Gwarinpa, and Utako areas of Abuja, Federal Capital Territory. This, they said is necessary to among other things boost the confidence of both occupants and investors in the area. Although the FCT Emergency ...

Gas explosion: Security personnel has diverted the road leading to Monaco Gas Filling Station which went up in flames on Monday in Lafia to avoid another disaster. A correspondent who visited the scene on Tuesday observed that personnel from various security agencies were on ground to control traffic on the road. Reports show that the State Fire Service, Police, Nigeria ...

Bad roads – SENATOR Iyiola Omisore, the governorship candidate of the Social Democratic Party (SDP) in Osun State, has lamented the bad roads network in the state, just as he promised their repairs and construction of new ones to bring relief to motorists and other road users in the state. He gave this promise during his campaign tour of Ile-Ogbo and ...

Road accident: An unidentified woman was feared dead while seven others sustained injuries when a truck loaded with plantain and sweet potatoes skidded off the Idomi Road in the Yakurr Local Government Area of Cross River State. The news we got on Sunday revealed that the road accident, which was said to have happened late Friday, caused traffic jam along ...