Real Estate News

The Federal Road Safety Corps (FRSC), addressed the hoax that witches are responsible for most road crashes on Nigerian roads . He however educated them about natural occurrences. e.g human factor as one of themany things responsible for it. The Federal Road Safety Corps (FRSC), has attributed most road crashes on Nigerian roads to human factors and not witchcraft as ...

Nigerian underwriters have continued to experience a boom in real estate investment in industry increased by N5 billion from N98.11 billion to N103.51 billion within a period of one year. According to the balance sheets prepared by the regulator, National Insurance Commission (NAICOM), five underwriting firms failed to pick interest in the blossoming real estate sector, while Mutual Benefits Assurance ...

ZEKERIYA NKETOM is the Managing Director of Slavabogu Nigeria Limited, the company handling the redevelopment of Onikan stadium, Lagos. A Turkish national, he has a masters degree in earthquake engineering. He spoke with VICTOR GBONEGUN on how to mitigate the challenges of the industry, especially building collapse and the need for construction technology parks among other issues. Your company has ...

No fewer than 3,000 houses and offices have been marked for demolition between Lagos and Ibadan to pave way for ongoing construction of standard gauge railway line from Lagos to Ibadan. LEADERSHIP checks show that some of the properties marked for demolition in Lagos include; Railway Stations owned by Nigerian Railway Corporation (NRC) in Lagos, portion of Nigeria Army Barracks ...

The Kaduna State Government has earmarked N7.3 billion for the construction of township roads in the 2018 budget estimate approved by the state assembly. NAN report that the figure was contained in the 2018 budget obtained from the state’s Planning and Budget Commission. A total of N21.66 billion was allocated to the agency, out of which N20.83 billion was for ...

Lagos –  A 38-year-old real estate manager working with a company, Olaitan Faramaiye, who allegedly stole his employer’s N3.1 million, was on Wednesday docked at a Surulere Chief Magistrates’ Court in Lagos. The accused is facing a charge of stealing. He, however, pleaded not guilty. But the Prosecutor, Sgt. Anthonia Osayande, told the court that the accused committed the offence ...

The Economic and Financial Crimes Commission, EFCC, on January 24, 2018, asked Justice Nnamdi Dimgba of the Federal High Court sitting in Maitama, Abuja, to order the interim forfeiture of properties purchased by Drexel Tech Nig. Ltd with proceeds of the recruitment exercise into the Nigeria Immigration service,( NIS Scam). The Economic and Financial Crimes Commission, EFCC, on January 24, 2018, ...

Concerning the stolen Church property, a Karmo Grade 1 Area Court in Abuja on Wednesday ordered six strokes of the cane each on two scavengers who stole iron culvert valued at N40,000 from Church. The scavengers, Kamalu Wade, 22; and Nazifia Lawal, 35; of no fixed address, were arraigned on a three-count charge of a joint act, criminal trespass and ...

THINKATION 2018 Thinkation is a word coined from thinking and education. An initiative put together by the Ubong King Foundation to liberate young people out of their dependency mind-set. The event covered by Nigeria real estate hub featured outstanding speakers like His Excellency, FLT.LT. Jerry Rawlings, Former President of the republic of Ghana as the Keynote speaker, Her Excellency, Deaconess ...

The Federal Government has threatened to revoke the remodelling contract of the domestic wing of the Port Harcourt Airport due to slow pace of work by the contractor. The Minister of State for Aviation, Hadi Sirika, made this known to journalists during an inspection of ongoing construction at the Port Harcourt International Airport yesterday. He said that work on the ...