Real Estate News

Flood caused by downpour during the weekend washed away property worth N8million in Dandume Local Government Area of Katsina State, the acting Chairman of the Local Government, Alhaji Hassan Musa, said on Monday. The acting chairman made this known during an inspection visit to the scene to sympathise with victims of the disaster. He explained that the flood, which destroyed ...

A group of Federal Capital Territory (FCT) indigenes, Abuja Original Inhabitants Youth Empowerment, have called on the Federal Capital Territory Administration (FCTA) to extend the ongoing rehabilitation of 10.2 kilometers Abaji-Rubochi road, to Kuje main town. In a statement signed by its president, Commander Isaac David, which was made available yesterday, the group noted that if the road project was ...

Mr. Babatunde Raji Fashola, the Minister of Power, Works and Housing, recently urged landlords in the country to start collecting rents in arrears, beginning from July 6, 2018. While making a presentation at an event for real estate operators in Abuja, on the topic, “Innovative housing finance model as a catalyst for home ownership,” Fashola noted that property owners across ...

The Federal Government has started the construction of dykes to protect the nation’s river bodies and minimise risks that could arise from flooding. Dr. Elijah Aderibigbe, Director, Irrigation and Drainage, Federal Ministry of Water Resources, made this known in an interview with newsmen in Abuja on Tuesday. He said that this became necessary to curtail water levels so as to ...

His Royal Majesty Emmanuel Sideso OON, JP Abe 1, the traditional ruler of Uvwie Kingdom Delta State, has praised the Delta State Governor Sen. Dr. Ifeanyi Okowa for the construction, completion, and commissioning of Ugbomro road project in Uvwie Kingdom, saying the governor is a great friend of Uvwie Kingdom. The monarch made the commendation while recently speaking at Ugbomro ...

Through increased investment and sustainable housing development, African Development Bank (AfDB) has helped in alleviating poverty in its regional member countries (RMCs) which includes Nigeria. Besides providing one of the major needs of man which is shelter, housing development, more than any other economic activity, creates jobs, mostly for the poor who are engaged in various stages of construction as ...

The President General of Isoko Development Union, Chief Iduh Amadhe, has urged the state government to repair the link roads within Iyede community that have been damaged by heavy-duty vehicles. He made the appeal during a meeting held with the director, monitoring of project, CCC Company, Onuoseke Sonny at Isoko Unity house. He charged him to alert Governor Ifeanyi Okowa ...

The Federal Government has mobilised Julius Berger Construction Company to site with N11bn to complete the 12km Akwa Ibom section of the Calabar-Itu dual carriageway. The Senior Special Assistant to the President on National Assembly Matters (Senate) Sen. Ita Enang disclosed this during an inspection tour of the site yesterday. Sen. Ita Enang said he was at the site to ...

Presidential aspirant and former Cross River Governor Donald Duke has spoken about the housing and rent systems in Nigeria. During his Loose Talk podcast interview, Donald Duke said that the reason why Nigeria’s rent system is unfair for people looking for accommodation is because of our banking system. Paying 1-year advance rent In Nigeria, landlords demand tenants to pay one-year ...

To build capacity, improve knowledge and educate estate surveyors on emerging trends in the sector, the Nigerian Institution of Estate Surveyors and Valuers (NIESV), has delved into solid minerals and environmental valuation. The Environmental Valuation Business Division held a two-day training in Lagos to acquaint valuers with the field. The Chairman of the division, Dr. Austin Otegbulu said that it ...