Real Estate News

The Anambra State Elders Council has asked the Federal Government to urgently refund the over N43billion debt confirmed as due to Anambra State for its expenditure on federal roads and bridges. The Council made the demand in a 9-point communiqué issued at the end of its meeting at the Governor’s Lodge, Amawbia and presented by the Chairman of the State ...

The Niger Delta Power Holding Company (NDPHC) has flagged off construction of a 330 kilovolt (KV) transmission substation worth N5.49 billion in Lafia, the Nasarawa state capital. The Managing Director of NDPHC, Chiedu Ugbo at the site yesterday said the project which will be completed this year will add about 300 megawatts (MW) of electricity capacity to the state. He ...

Uyo residents, Akwa Ibom State capital have praised the efforts of Governor Udom Emmanuel in undertaking to build new roads within the metropolis to address flooding and ease the movement of people and goods. The people expressed their appreciation shortly after the commissioner for works in the state, Mr Ephraim Inyang-Eyen led his team of engineers and journalists to inspect ...

From ₦1 million five years ago, price of a plot of land in Ibeju-Lekki, Lagos has soared to ₦6 million, representing 500 per cent increase, correspondent has learnt. It was also gathered that the land’s price per plot might soar to ₦8 million before the end of the year due to increased demand by investors and home seekers, who are ...

Following plans to introduce a public private partnership scheme that seeks to increase access to housing finance, the Central Bank of Nigeria (CBN) has selected 34 primary mortgage banks and 4 commercial banks to stimulate housing finance for low-income earners in the formal and informal sectors. The banks will join nine other micro finance banks in the ‘My Own Home’ scheme, ...

Lagos –  Mr Kenneth Nduka, the President of Nigerian Institute of Building (NIOB), on Monday identified costly building materials as a factor constraining housing development in the country. Nduka made the observation while speaking with the News Agency of Nigeria (NAN) in Lagos. “There is the need for the Federal Government to encourage production of building materials by placing restrictions ...

The Peoples Democratic Party in Kogi State has rejected proposed plans by Governor Yahaya Bello-led administration to sell some of the state assets. The opposition party while admonishing the governor to immediately perish the thought, considered the plot to be selfish, devilish and myopic. A statement released on Monday by the party’s state publicity secretary, Mr Bode Ogunmola, he said ...

Transparency International has accused the Senate President, Dr. Abubakar Bukola Saraki, of acquiring his UK properties with proceeds of corruption worth £15 million. The properties are located at 7 and 8, Whittaker Street, Belgravia, London. According to Transparency International, the report was conducted by Unexplained Wealth Orders, a new investigative power designed to help law enforcement agencies act on corrupt ...

The International Air Transport Association (IATA) has called for urgent attention to address the infrastructure crisis  affecting the future of the aviation sector. The Director-General of IATA, Mr Alexandre de Juniac, made the call in his keynote address at the Singapore Air Show Aviation Leadership Summit (SAALS). The summit has the theme:“Re-imagining Aviation’s Future’’. A copy of de Juniac’s speech ...

The Federal Road Maintenance Agency (FERMA) has engaged over 200 youths in Bayelsa state to carry out repair works on the failed portion of the six kilometers Yenagoa-Immiringi-Oloibiri road. Head of FERMA Bayelsa Field office, Ayoola Bolaji, an engineer who disclosed during an inspection of the road said the youths were sourced from the communities located along the roads. According ...