Real Estate News

Amidst growing concern that the efforts of government agencies to tackling housing deficit in the country is grossly insignificant, the recent launch of the rent-to-own housing scheme by the board of the Federal Mortgage Bank of Nigeria, (FMBN) may make housing more affordable for Nigerian workers who cannot build or buy homes from their meagre income. The scheme is seen ...

A housing development firm, Structuracasa Nigeria Limited, says it plans to help in reducing housing shortage in Ibadan, the Oyo State capital. The firm stated that in its bid to transform the housing sector in the state and enhance it to world standards, it had developed three projects in Ibadan. It said in a statement that the projects had been ...

The Sokoto State government has awarded contracts for the reconstruction of 14 township roads, the Commissioner for Lands and Housing, Sirajo Marafa Gatawa, has said. READ ALSO: Jigawa exteds N10bn on road construction in 4LGS- Commissioner Gatawa did not reveal how much the reconstruction would take, but listed some of the roads to include, Keystone, NNPC, Sani Dingyadi, Katsina and ...

Residents and motorists plying the Lagos-Badagry Expressway that has been under expansion by the Lagos State Government since 2006, have continued to decry what they describe as snail speed construction activities or near abandonment by the contractor, China Civil Engineering and Construction Company (CCECC). This is coming as the European Union (EU), has said it will be co-funding with other ...

Motorists plying the Agege and Ikeja areas of Lagos through Ashade Market, Akanni Doherty, and Oba Akran Avenue and residents of the areas have lamented the closure of the railway level crossing at the Ashade Market area by the Nigerian Railway Corporation. The road from the Ashade level crossing through Akanni Doherty and Guinness Nigeria Plc to Oba Akran Avenue ...

The governorship candidate of the Peoples Democratic Party (PDP) in Ogun State, Senator Kashamu Buruji, has promised to complete all abandoned road projects and provide stomach infrastructure for the people of the state if elected in the March 9 election. He spoke on Tuesday when he visited Olota-in-Council, the Council of Baales and Chiefs, the League of Imams and Alfas, ...

The total credit from banks to the economy recorded a decline of N455bn from N15.58tn as of the end of the third quarter of last year to N15.1tn in the fourth quarter. This is contained in the banking sector report released by the National Bureau of Statistics (NBS) on Tuesday. The NBS in the report also said the total number ...

Federal Government yesterday assured residents of Ekiti state that the National Housing Project would be completed in April. This was disclosed yesterday in Ado-Ekiti by the South-West Zonal Director, National Housing Project, Mr. Olasunkanmi Dunmoye during an inspection tour of the project situated along Agric Olope area of the state capital. The housing project, according to him was to cover ...

The suit filed against the former chairman of Lagos Council of Nigeria Union of Journalists (NUJ) and incumbent President, Nigerian Association of Women Journalists (NAWOJ), Mrs. Ifenyinwa Omowole & Co comes up for hearing today (Wednesday) at the Igbosere High Court, Lagos. The Concerned ACTION Subscribers of Abaren Land-PenJewel had dragged Mr. Elumoye, Mrs. Omowole, and others before the court ...

The Edo State Government has cautioned real estate developers in the state over the antics of individuals and groups who impersonate government officials to defraud developers, adding that state officials would not demand and collect cash on construction sites. In a statement signed by the Commissioner for Physical Planning and Urban Development, Dr. Erimona Edorodion, the government warned that impostors ...