Real Estate News

Hundreds of residents in Ibadan, Oyo State capital have suffered losses following a torrential rainfall that flooded more than 30 homes on Sunday. It was gathered that many residents have started relocating from Ososami, Oke-Ado and Aresa areas of Ibadan where the water level was reportedly high. Some of the victims have been rendered homeless as they claimed they have ...

No fewer than 3,000 residents have so far benefited from the Lagos State Government’s Rent-To-Own schemes, according to the Commissioner for Housing, Mr Gbolahan Lawal. Lawal said in an interview that the state’s housing policies captured both those in the formal and informal sectors. He said that the informal sector constituted about 65 per cent of the population of the ...

The Federal Housing Authority (FHA) said it would invest N9 billion in the ongoing construction of its Abuja Mass Housing Project of 550 units of houses, located in Zuba, Abuja. Prof. Mohammed Al-Amin, Managing Director of FHA, made this known on Friday while fielding questions from journalists after an inspection of the Zuba pilot scheme construction site, Abuja. The News ...

The Federal Mortgage Bank of Nigeria (FMBN) said it has refunded over N21.4 billion National Housing Fund (NHF) to 216,650 retirees across the country. The Managing Director, Arc. Ahmed Musa Dangiwa disclosed this yesterday in Abuja at the September 2018 Lunch Time Reform Seminar on “The Challenges Facing Civil Servants in Obtaining Loan from FMBN and how to Access Contributions ...

Foreign firms are taking over real estate agency in the country and something needs to be done about it urgently, the Nigerian Institution of Estate Surveyors and Valuers (NIESV) has said. The professional body said it had been saddled with fighting quackery on the local level but that in recent times, foreign firms had been dominating the practice of estate ...

Some residents of Ibeju Lekki in Lagos on Saturday lamented their loss of valuables worth millions of Naira to flood caused by persistent rainfall, coupled with poor drainage facilities in the community. Some of the residents said the early morning downpour left several roads and homes in the area flooded. Mr. Luqman Balogun, a member of the Community Development Association, ...

The board of Federal Road Safety Corps (FRSC) has approved the promotion of 8 Corps Commanders to the position of Assistant Corps Marshals and 12 Deputy Corps Commanders to the position of Corps Commanders. The approval came after the deliberation of the board on Friday. In a statement made available to the press by the Corps Public Education Officer, Bisi ...

A report on the real estate sector has highlighted asset-backed bonds and sukuk, among others, as suitable sources of funds for housing delivery in Nigeria. The report, which was launched by the University of Lagos Centre for Housing and Sustainable Development in partnership with the African Research Universities Alliance, stated that real estate investment trust and portfolios could also be ...

Flood wreaked havoc in Calabar metropolis yesterday as over 25 residential houses were submerged with over hundred displaced and rendered homeless. The downpour which started about 6:00 a.m. yesterday also destroyed property worth hundreds of thousands of naira. The heavy rain which lasted for about three hours overflew the drainage channels along major streets in Calabar along Murtala Mohammed Highway, ...

Chief Sam Maduka Onyishi, CEO of Peace Mass Transit on behalf of the transport company at a meeting with Simon Obi and Otuto Amarauche Chukwu both of Greenlight Initiative, decided to align and foster effective delivery of service. Greenlight Initiative is a non-profit organization focused on road safety and environmental preservation. Peace Mass Transit, on the other hand, started operations ...