Real Estate News

Nigeria needs the capital market to raise long-term funds necessary for infrastructure funding, Vice President, Prof. Yemi Osinbajo, has said. Osinbajo, who stated this at the Second Capital Market Stakeholders’ Forum organised by joint Senate and House of Representatives Committees on Capital Market and Institutions in Abuja, yesterday, said: “Given that capital is extremely important for business, it implies that ...

Edmark group of companies, a multinational, has unveiled its state of the art international event center in Lagos, just as it announced its venture into real estate business in Nigeria. It also revealed that its second project is currently under construction in Lekki, Eti Osa Local Government Area of the state, to mark the flag-off the project. The inauguration of ...

The order by the Lagos State government to remove all containerised trucks and tankers parked along the Oshodi-Apapa Expressway has been extended by 48 hours. Commissioner for Transportation, Mr. Ladi Lawanson, disclosed this after monitoring the progress of the exercise. Heads of security agencies and other stakeholders joined the commissioner in the media briefing. Lawanson expressed satisfaction with the progress ...

The Federal Capital Territory Administration (FCTA) is set to address 1.7 million housing deficit in Abuja through Public-Private Partnership program initiated to benefit many low-income earners. FCT Minister Malam Muhammad Musa Bello made this declaration at the 12th Abuja international Housing Show in Abuja. The minister said that the government had formulated a National Housing Policy since 1991 to ease ...

The chairman/chief executive officer of Dangote Group, Alhaji Aliko Dangote has called on federal government to adopt Ethiopia’s mass housing model in a bid to address the over 17 million housing deficit in the country. Dangote also said he supported the proposed restructuring and N500bn recapitalisation of the Federal Mortgage Bank of Nigeria (FMBN) for effective service delivery. He stated ...

Housing market- A decade’s worth of new hotel supply in Lagos is cause for concern for operators and authorities. Reports show that investors in hospitality development are now converting homes to hotels in many viable locations in the metropolis. They are targeting the huge population of their market. This growing investment has resulted to many residential buildings giving way for ...

The Imo State government has demolished six buildings belonging to three alleged kidnap kingpins and armed robbers in the state. The buildings, comprising of one hotel and five houses, belong to men who allegedly kidnapped and murdered a chieftain of the All Progressives Congress (APC) in the state, Amos Akano. The demolition was done in conjunction with men of the ...

The Chairmen and Chief Executive Officers of Dangote and BUA Groups of Companies, Alhaji Aliko Dangote and Alhaji Abdul Samad Isyaku Rabiu have expressed strong willingness to partner the Federal Mortgage Bank of Nigeria (FMBN) towards boosting social housing delivery for Nigerians. Dangote, who ranks as Africa’s richest business magnate and investor and Isyaku Rabiu, a leading Nigerian businessman with ...

A Nigerian Professor of English, Pius Adesanmi, was involved in an accident along Oyo-Ogbomosho road on Wednesday. Mr Adesanmi, a PREMIUM TIMES’ columnist, narrated his ordeal to this newspaper in a telephone interview. He lamented how no help came for him and other victims of the accident for almost two hours after the accident. The don said he was on ...

The Federal Road Safety Corps (FRSC) in Osun Command, has urged stakeholders in transport sector to collaborate with its personnel in curbing accident on the roads in the state. The Sector Commander, Mr. Peter Oke, gave the Advice during his meeting with stakeholders on Friday in Osogbo. He stressed that efforts aimed at ensuring constant safety of life on high ...