Real Estate News

The Lagos State government (LASG) has disclosed that it will continue to strengthen the infrastructural system along the State waterways to meet the emerging challenges of the coastal region and harness its full potentials for socio-economic development. The State Commissioner for Waterfront, Dr. Babatunde Adejare stated this at the at the ongoing Y2018 Ministerial Press Briefing held at Bagauda Kaltho, ...

The Lagos State Traffic Management Authority (LASTMA) has urged the compliance of motorists plying routes where major construction works are ongoing to bear with the State Government and comply with traffic directive, saying concerted efforts have been put in place to deliver the projects on schedule. LASTMA’s General Manager, Olawale Musa, said this after monitoring flow of traffic along Lagos-Abeokuta ...

The Kaduna State Government and Sterling Bank have agreed to jointly fund a N5bn mortgage scheme to facilitate home ownership in the state. The fund will provide mortgages at single-digit interest rate. Umma Aboki, Special Adviser on Economic Matters to governor Nasiru El-Rufai said at a press conference on Wednesday in Kaduna that the partnership was to facilitate mass housing ...

One of the stakeholders in the aluminium industry has applauded plans by the Standards Organisation of Nigeria (SON) to review the standards for aluminium grade downwards. A key stakeholder in the industry, Seun Olamide told journalists that the planned move by SON to review the standards would go a long way to drive local production and increase employment generation for ...

The Jigawa State Government has constructed 90 houses to ease suffering of teachers posted to remote villages to teach across the state. Governor Muhammad Badaru Abubakar who stated this, on Wednesday, while fielding questions from newsmen, said his administration had inherited the problem of rejection of posting to hard-to-reach areas by most school teachers, describing the situation as ‘disgraceful and ...

Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested one Felix Idowu, a real estate agent and a graduate of political science, for impersonating Ibrahim Magu, the anti-graft agency’s Acting Chairman. Idowu had in the assumed capacity swindled unsuspecting victims of their hard earned income. The suspect upon arrest was found with documents which had the signature of ...

Governor Abdullahi Umar Ganduje of Kano State has described the recent approval for the construction of the Sumaila-Falali–Birnin Bako–Bauchi roads as ‘a significant step’ towards improving the commercial status of Kano State. The Federal Executive Council had on April 25, 2018, approved the construction of the project at the cost N4.57 billion. The Federal Government’s decision was announced by the ...

The Federal Government and four companies, including General Electric (GE) and APM Terminals, have signed an agreement to start the interim phase of the Nigerian narrow-gauge railway concession. The interim phase will include “light remedial civil and track repair works” on the narrow gauge rail line, Head of Communications, GE Nigeria, Yewande Thorpe, said in a statement. “Additionally, a joint ...

Workers have threatened not to allow the privatisation of the Nigeria railway system unless existing labour issues are settled. The President of the Senior Staff Association of Statutory Corporations and Government Owned Companies (SSASCGOC), Mohammed Yunusa has disclosed. Yunusa, who stated this in Abuja yesterday, said the workers would protest against the plan. He absolved the workers of any blame ...

The reports that the headquarters of the Central Bank of Nigeria (CBN building) is on fire are false, says the CBN acting Director, Corporate Communications, Mr. Isaac Okorafor. According to Okorafor, the rumor started when a passersby saw a pall of exhaust from the CBN generator house and mistook it for fire. “The CBN maintains a total security system that ...