Real Estate News

Delta Governor, Senator (Dr.) Ifeanyi Okowa has called on the Federal Government to re-assess all roads constructed over 20 years ago with a view to reconstructing failed ones. He made the call on Sunday while inspecting ongoing work on failed portions of Warri-Benin highway being reconstructed by the state government. The governor said that many federal roads across the country ...

Lifepage Group says it plans to build one million houses for different classes of Nigerians between now and 2041. The Managing Director, Lifepage Group, Mr. Oladipupo Clement, said it was part of efforts to bridge the country’s housing deficit. At the inauguration of the group’s ‘Million Homes’ initiative, he said the project and real estate crowdfunding platform would allow subscribers ...

Bauchi State government has signed a Memorandum of understanding (MoU) with the Friends Home Fund to build 2500 Housing Units worth 15 Billion Naira in the state. The housing units are to be constructed by Federal Ministry of Finance. This was disclosed by the State Governor Bala Mohammed shortly after signing a Memorandum of Understanding with the Friends Home Fund, ...

The Nigerian Institute of Building (NIOB) has signed a memorandum of understanding (MOU) with the Australian Institute of Building (AIB). The MOU was signed during a construction event named ‘Constructing Our World’ that held in Sydney, Australia. The institutes said the memorandum is based on efforts to improve on the methodology and technology of building construction. “It is aimed at ...

The police on Monday arraigned a security guard, Aliyu Muazu, in an Upper Area Court in Mpape, Abuja for allegedly stealing bulldozer spare parts worth N116,000 from a construction site. The police charged Muazu, 28, who lives in Panteka area of Mpape, Abuja with theft. The Prosecution Counsel, M.M. Austin told the court that the defendant was employed by the ...

Worried by the increasing housing deficit in the country, stakeholders in the sector have called for the re-evaluation of the nation’s extant laws. According to them, Nigeria’s laws, as presently constituted, hinder the growth of the housing sector. They noted that the sector had the potential for job creation, socio-economic growth, enhanced Gross Domestic Products/internally generated revenue of states and ...

Experts from across the world will join their Nigerian counterparts to seek solutions to issues challenging the real estate industry in Nigeria, the International Real Estate Federation, FIABCI Nigeria has said. The President, FIABCI Nigeria Chapter, Mr. Adeniji Adele, said the organisation was a platform for learning, networking as well as harnessing immeasurable experiences and opportunities. He stated that the ...

Valuables worth millions of naira were destroyed by flood in Ilorin metropolis on Wednesday evening. It was gathered that the downpour, which started about 5:00pm lasted till around 9:00 PM, caused untold hardship and losses to residents of the state capital. It was also gathered that many occupants of affected buildings at Obbo and Unity roads, Ilorin, stayed indoor till ...

Long perimeters fences of Cross River State Property Development and Investment Limited (CROSPIL) have been demolished by unknown persons suspected to be thugs in Cross River. Also demolished were fences dividing CROSPIL and it neighbours at No 1 Bishop Maynagh Avenue, State Housing Estate, Calabar. The incident occurred around 7 PM on Wednesday and lasted for a few hours. An ...

The Ondo State government, on Thursday, justified the demolition of beer parlours and makeshift buildings in its Government Reserved Areas (GRAs) and “containers” on Airport Road in Oba-Ile. The Ondo state Commissioner for Physical Planning and Urban Development, Mr. Rasheed Badmus, said in an interview in Akure that the beer parlours had become meeting points for men of the underworld. ...