Real Estate News

Governor Ibikunle Amosun of Ogun state has given reasons that hinder Ogun State Government’s plan to reconstruct Atan-Igbesa-Agbara road, saying the Federal Government’s failure to cede the road to the State Government seriously impedes all efforts towards reconstruction of the said road. Reports show that Atan-Igbesa-Agbara road is a strategically-structured economic road which serves as a linkage road between Nigeria ...

Nigeria’s paint industry is projected to record five per cent growth rate from its present estimated $268 million (N96.50 billion) to $377 million (N135.80 billion) by 2025, a business expert has said. Chris Kiwamu, Managing Consultant, Kirsten Turner Consulting, made the projection on Wednesday in Lagos during the 30th Annual General Meeting of the Paint Manufacturers Association of Nigeria. He ...

Chairman, Rice Farmers Association of Nigeria, Jigawa chapter, Adamu Maigoro, on Friday said the recent flooding in the state destroyed over 100,000 hectares of rice farms. Maigoro told a news correspondent in Hadejia that over 10,000 registered members of the association were affected by the flood. “The 10,000 figures captured only the dry season rice farmers, who were supported with ...

President Muhammadu Buhari inaugurated the 600 million dollars new international terminal at the Port Harcourt International Airport funded by the Export-Import Bank of China and the Nigerian Government. With him during the commissioning were Minister of Labour Chris Ngige, Rivers state Governor Nyesom Wike, Minister of State Aviation Hadi Sirika and Rivers APC Gubernatorial Candidate Mr Tonye Cole.     ...

The Federal Executive Council (FEC) Wednesday approved $1.5 million loans from the African Development Bank (AfDB) for the Lagos-Abidjan road project. The approval was granted at the FEC meeting presided over by President Muhammadu Buhari at the Presidential Villa, Abuja. The Finance Minister, Zainab Ahmed, who disclosed this while briefing State House reporters at the end of the FEC meeting, ...

The Minister of Information and Culture, Alhaji Lai Mohammed, says the massive investments in infrastructure by President Muhammadu Buhari’s administration are paying off in economy stimulation and jobs creation. The Minister said this on Thursday in Ibadan at a Special Town Hall Meeting on Infrastructure organised by his ministry and the National Orientation Agency. Our correspondent reports that three other ...

The Minister of State for Environment, Mallam Ibrahim Usman Jibril, has called on the Federal Government and other relevant stakeholders in the capital market to take advantage of the opportunities in green bonds programme to drive infrastructural development. The minister spoke at the maiden Investors’ Capacity Building and Training Session on green bonds organised by the FMDQ OTC Securities Exchange ...

Mass housing developers in the Federal Capital Territory who failed to comply with the statutory requirements for their development or defaulted in payments would soon face the long arm of the law. The chairman, Special Presidential Investigation Panel for Recovery of Public Property, Chief Okoi Obono-Obla, gave this indication yesterday in Abuja when he visited the FCT minister Muhammad Musa ...

Lagos State Urban Renewal Agency (LASURA) has said that majority of low-income earners in Lagos cannot afford house rent of more than N11,000. LASURA General Manager, Lateef Solebo, disclosed this on Thursday at an interactive session on ‘Achieving Affordable Housing in Lagos’ at the public screening of a documentary drama entitled ‘Kelechi’s Quest’. The documentary drama was scripted by Nollywood ...

Itesiwaju Local Government Chairman Hon. Niyi Adeagbo has on Wednesday, donated a sum of N100,000 Cash to National Union of Teachers (NUT), ITESIWAJU Chapter as part of the Local government’s contribution to facilitate the construction of its Secretariat. Adeagbo announces the donation to the Branch Chairman of the Union, Comrade S.O Olaoti and his Secretary, Comrade M.O Bolaji respectively when ...