Real Estate News

Fire has consumed a farmer identified as Okafor Thomas, and destroyed property worth millions of Naira in Igbodo community, Ika North East local government area of Delta state. It was gathered that the fire started in the wee hours of Thursday in Illabor quarters and could not be put out. A resident of the community, Nkem Nweke who stays in ...

Security operatives in Mangu Local Government Area of Plateau State, in Saturday, struggled to control protesting youths, who blocked roads over the killing of their kinsmen by unknown gunmen. There had been reported cases of killing of innocent people within Arangai and Mangu Halle villages with the latest on Friday when two children of a clergy were killed in cold ...

TAX CREDIT – In 2014, the National Integrated Infrastructure Master Plan estimated that financing Nigeria’s infrastructure would gulp $2.9 trillion in the next 30 years. At N360 per dollar exchange rate, government, therefore, requires N36 trillion annually for 30 years to meet infrastructure development needs of the country. Traditional funding from budgetary allocations to different levels of government can no longer ...

As controversies continue to rage over the 2018 budget recently signed into law by President Muhammadu Buhari, the Nigerian Institutution of Estate Surveyors and Valuers (NIESV) has declared that Nigerians were tired of excuses. Mr. Rowland Abonta, the President of NIESV, spoke on Thursday in Enugu, where he accused the political leaders of justifying their failure to address critical issues ...

Properties worth millions of Naira ‎have been lost in Azare, Katagum Local Government Area of Bauchi as fire razed the town’s main market. The fire reportedly started around 11 pm Sunday and continued until Monday morning. Over 500 shops were said to have been burnt down in the inferno. The tragedy came a day ‎after a rainstorm destroyed houses and ...

72 people died while 575 sustained various degrees of injuries in different road crashes across Bauchi State within a span of five months. The crashes according to the Statistics of the Road Traffic Crashes released by the Federal Road Safety Corps (FRSC), Bauchi State Sector Command occurred between January and May 2018.‎ According to the statistics there were 141 crashes ...

The Minister of Power, Works and Housing, Mr. Babatunde Fashola has announced that the bridge linking Jalingo and Wukari at Maraban Gassol in Taraba State collapsed. Fashola, in a statement signed by Mr. Theodore Ogaziechi, the Director of Information in the ministry, said the incident occurred after the downpour on Wednesday evening. He said the contractor on the axis had ...

There is heightened controversy bordering on Land Use Act. In this report, CHIKA OKEKE writes that the act which hits 40 years in March is jeopardising affordable housing delivery in the country. The challenges militating against the provision of affordable housing is enormous and efforts to address the shortcomings has produced insignificant results. From difficulties in acquiring land, titling and ...

The Delta House of Assembly on Tuesday approved the request by the executive to obtain a revolving N600 million loan from United Bank of Africa for a 10,000 housing unit project. The approval of the request followed a motion moved by the Majority Leader, Mr. Tim Owhefere, at plenary in Asaba which was seconded by Daniel Mayuku (PDP-Warri South-West) Leading ...

Land Ownership – For years, the rivalry between a businessman, Chief Alex Ikpeazu and some powers that be in Ika South Local Government Area, Delta State, has been over the control of Lexiano Market. Though Ikpeazu is equipped with the Certificate of Occupancy, C of O, but his opposers have not hidden their determination to take over what they referred to ...