Real Estate News

The laying of the standard gauge tracks as part of the ongoing construction of Lagos-Ibadan rail line will not affect the daily operations of the Lagos District. Mr. Augustine Arisa, the Acting Lagos Railway District Manager (RDM), of the Nigeria Railway Corporation (NRC) disclosed this in Lagos on Thursday. The acting RDM also said that the district transported no fewer ...

The Delta State House of Assembly has taken steps to end what it described as “ property development fraud” and exploitation to Deltans, saying that bill to regulate the process would soon be passed. Mr. Sheriff Oborevwori, the Speaker of the House who spoke to DAILY POST in Asaba on Wednesday, disclosed that the Delta State Property Development, and Real ...

A 53-year-old landlady, Rita Olukanmi, on Wednesday appeared in an Ikeja Magistrates’ Court for allegedly stealing property worth N1.4 million belonging to her tenant. The accused, who resides at No. 19, Oduduwa St., Aboru, Lagos, is facing a three-count charge of conspiracy, housebreaking and stealing. The accused, however, pleaded not guilty to the charge. The Prosecutor, Insp. Victor Eruada told ...

The Lagos State Government on Wednesday said it had mobilised contractors with N5.6 billion to begin construction of 181 roads. Mr. Ade Akinsanya, the state Commissioner for Works and Infrastructure, made this known at the Government House, Alausa, at the 2018 Ministerial Press Briefing to mark three years in office of Gov. Akinwunmi Ambode. Akinsanya said that the sum represented ...

Four persons have been reportedly confirmed dead during a fresh attack on workers at a construction site by herdsmen at Nche-Tahu close to Rafi Bauna in Bassa Local Government Area of Plateau State. After the incident launched by suspected Fulani herdsmen on Wednesday morning, one of the masterminds simply identified as Shagari was arrested by security agents. The attack came ...

For not meeting their housing needs, Federal Government employees are mounting pressure to break the monopoly of National Housing Fund (NHF) on workers’ contributions. To show their seriousness, they are currently seeking withdrawal of their contributions from the NHF to Federal Government Staff Housing Loans Board (FGSHLB) for easy access to their money. Their demand is contained in the proposed ...

The Minister of Power, Works and Housing, Babatunde Fashola, has asked the Quantity Surveyors Registration Board of Nigeria to blacklist any quantity surveyor who flouts the ethics of the profession. According to Fashola, many practitioners find it tough to uphold their professional ethics, a development that is impacting negatively on the nation’s economy. The minister, who spoke at the recent ...

The aggressive delivery of affordable housing for low and medium income earners appears to be the fulcrum on which the Federal Mortgage Bank of Nigeria (FMBN) is trying to reposition itself for leadership in mortgage financing, Ndubuisi Francis reports. Despite being in existence for several decades, the FMBN has been plagued by a combination of long-standing structural, institutional and policy ...

While commending the efforts of the Federal and state governments in diversifying and expanding the production base of the economy, the Nigerian Society of Engineers (NSE) has declared that there is a tendency for the country to fail to address some of the root causes of the economic malaise that got her into recession in the first place. The above ...

The Niger Delta Development Commission (NDDC) has restated its resolve to complete all on-going projects across the Niger Delta region within the limits of funds available to it. The NDDC Executive Director Projects Engr. (Dr) Samuel Adjogbe, re-echoed the commitment when he led a team of directors and engineers to inspect the emergency repair of Umuelemai-Agbaja Road in Isiala Mbaino ...