Real Estate News

The president of Mortgage Bankers Association of Nigeria (MBAN), Mr Adeniyi Akinlusi has disclosed that each mortgage collected to build a house would create 35 direct and 35 indirect jobs. Akinlusi who stated this in an interview with LEADERSHIP Newspaper in Abuja described the mortgage system as a major hub for job creation. Giving a breakdown on how the jobs ...

An ecologist, Mr Richard Inyamkume, has advised Nigerians against drilling boreholes near graves, to prevent drinking poisonous water. Inyamkume, who is the Senior Programme Officer, Climate Change Mitigation and Adaptation Initiative (CCMAI), gave the advice in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja. “There are implications for drilling boreholes in areas where corpses are ...

Governor Akinwunmi Ambode of Lagos State says his administration is not oblivious of the controversy generated by the revised Land Use Charge Law, and is ready to dialogue to resolve the issues going forward. He spoke on Tuesday at the “Lagos State means Business” forum, where he held a parley with business owners in the state. The revised law has ...

The joy of the people of Mgbede community in Ogba/Egbema/ Ndoni Council of Rivers State has known no bounds since the Nigerian Agip Oil Company Limited (NAOC) and its joint venture partners completed and commissioned a 1km asphalt road and drainage for the people. The road project was funded and constructed by NAOC, operators of the NNPC/NAOC/OANDO Joint Venture. The ...

The Director, Federal Highways, South West, Mr Emmanuel Adeoye on Wednesday said that the ongoing Apapa-Wharf road project under reconstruction had achieved about 20 percent completion. Adeoye, during an inspection of projects in Lagos, expressed satisfaction with the quality of construction on the project. He said the construction met the standard which was stipulated by the Federal Ministry of Works. ...

The Rivers State Governor, Nyesom Wike, has flagged off the construction of Odufor-Akpoku-Umuoye Road to link the rural communities of Etche Local Government Area to the economic zone of the state. Flagging off the road construction on Wednesday, Governor Wike said that the road will expand economic opportunities in the area and empower the people. He said that the 23.3kilometre ...

The Federal Government is investing N16.6 billion of the N100 billion Sukuk Bond for rehabilitation of some roads in the South East geopolitical zone. The News Agency of Nigeria (NAN) reports that the Federal Government had in October, 2017 released the proceeds of the N100 billion Sukuk bond to 25 key economic road projects across the country. The Director of ...

Following the flag-off of the new Ogba Multipurpose Shopping Complex, initiated by the present Chairman of Ojodu Local Council Development Authority, Olumuyiwa Julius Oloro,  a property developer, Kehinde Fajana, and  CEO of Eliezer Investments Limited, it was promised that the complex will be delivered on time. Financed by Jubilee Life Mortgage Bank, Fajana said Eliezer Company intends to project the ...

It is no longer news that Nigeria has a huge housing deficit that experts have put at above 17 million units that would require an annual investment of billions of Naira for the next 10 years to bridge. Yet, there is no coherent housing policy in place to suggest the country is matching towards bridging this housing gap despite having ...

To address office and residential accommodation challenges in Maiduguri metropolis, the Borno State Government has acquired nine-abandoned properties valued at N1.2 billion The acquired properties, located in various parts of the metropolis are to be “demolished and rebuilt” as model schools, El kanemi Warriors Football Quarters, Government Lodge and office accommodations for State Emergency Management Agency (SEMA). Commissioner for Works ...