Real Estate News

For sustainability of practice and enhancement of their relevance in the country, quantity surveyors have called for synergy among professionals in the built environment. Leading the call at a business Cocktail meeting organised by the Lagos State chapter of the Nigerian Institute of Quantity Surveyors (NIQS) in Lagos, the Vice president of the Institute, Mr. Olayemi Shonubi, who represented the ...

Properties worth millions of naira have been destroyed by rainstorm which wreaked havoc in Alifekede Community in Ika South Local Government Area of Delta State. Consumable goods like garri, yams, pineapples among others were lost to the rain which destroyed the foodstuffs while valuable property such as houses, electricity poles, and economic trees among others worth over N100 millions of ...

To ensure stability of buildings, engineers under the aegis of the Nigerian Institution of Structural Engineers (NIStructE) has called for a policy that will ensure that integrity tests are carried out on buildings above ten years. President of NIStructE, Edward Atumonyogo, told The Guardian shortly after the institution’s visit to Planet Project, the firm handling the construction of three terminals ...

The federal government has decided that it will no longer refund money spent by state governments on the construction of federal roads. The decision was said to have been taken late last year. The Niger State Commissioner for Works and Housing, Alhaji Ibrahim Balarabe, disclosed this while briefing journalists at the end of the state executive council meeting held at ...

A land speculator, Ibrahim Yusuf, on Friday appeared before a Kubwa Grade 1 Area Court, Abuja, over alleged N710, 000 scam.‎ The defendant of Arab Road, Kubwa, Abuja was docked on a charge of cheating, an offence he denied committing. Police prosecutor, Babajide Olanipekun, said that Sani Abubakar of Kubwa, Abuja, reported the case at Kubwa Police Station on April ...

Chairman of the Delta State chapter of the All Progressives Congress, APC, Jones Erhue has described the N521million allegedly spent on 40 rehabilitated roads during the first 100 days of Governor Ifeanyi Okowa in office as a fraud, adding that the Okowa-led administration was not prepared for infrastructural development in the state, rather “it is all fraud and insensitivity to ...

A Kubwa Grade 1 Area Court, Abuja, on Thursday remanded a 34-year-old businesswoman, Joy Abiodun, in police custody over alleged N13 million scam. The judge, Mohammed Marafa, however, adjourned the case until April 20 for ruling on bail application. The defendant of Wuse, Abuja, is facing a three-count charge of criminal breach of trust, cheating and forgery, offences she denied ...

Mr. Bola Aganaba, the Deputy Director, Highways, North-Central Zone, Federal Ministry of Power, Works and Housing, says the Federal Government is currently not indebted to any road contractor in the zone. Aganaba said this in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja. He blamed the earlier delay in the completion of the Abuja-Lokoja road ...

Amidst the lip service being paid by the government on provision of affordable houses, stakeholders have argued that property prices in real estate may continue to escalate due to rising cost of construction materials. This might be worsened by the Land Use Charge (LUC) law made by Lagos State government, which other states may in no distant time start to ...

A two-party consortium consisting of Oando PLC (“Oando”), in conjunction with its midstream affiliate, Axxela Limited (“Axxela”) (formerly known as Oando Gas & Power) and Oilserv Limited, has been awarded the Engineering, Procurement, Construction (EPC) mandate for the Ajaokuta – Abuja portion (Lot 1) of the Ajaokuta-Kaduna- Kano Pipeline system (the “AKK Pipeline”) by the Nigerian National Petroleum Corporation UNNPCW. ...