Real Estate News

Nigerian Civil War and Genocide Research Network, has expressed concern that the Federal Government refused to tell Nigerians the condition under which the Sukuk Bond is being accessed for the construction of the road project promised by President Muhammadu Buhari in his new year message. The Honourable Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola; Honourable Minister of ...

AGEGE—GOVERNOR Akinwunmi Ambode of Lagos State has said that owners of property demolished for the 1.4 Kilometer Agege Flyover would be adequately compensated, even as he disclosed that the project would be completed in November. Ambode, however, assured residents that the closure of Agege Pen Cinema road, beginning from tomorrow, would not cripple commercial activities around the axis. The governor, ...

The High Court of Lagos State on December 21, 2017, liberated the Ajiwe community in Ajah in Eti-Osa Local Govt Area of Lagos State, from the Olumegbon Family’s claim of overlord. In a landmark judgment delivered by the Honourable Justice Ronke Harrison, the Court held that there was no basis in law, upon which Chief Olumegbon could claim to be ...

Lagos – A prosecution witness, Adegboye Bajulaiye revealed to Lagos High Court how a convict sold property belonging to Late Mrs Francisca Awolaja  without the approval of his family. He disclosed while testifying in the ongoing trial of a convicted legal practitioner, Kole Bello, and three others who allegedly used a fake C of O. They were alleged to have committed the ...

Gov. Darius Ishaku has proposed about N96.5bn as Taraba budget to the state legislature for 2018 fiscal year. While laying the estimates before the legislators in Jalingo, Ishaku explained that the budget proposal was about 12 per cent lower than the estimate for 2017 when the state budgeted N110.1 billion. He said that N41.2 billion of the Taraba proposed budget ...

Shippers (importers and exporters) are groaning over delays in business transactions as the Lagos ports  traffic gridlock trapped a large volume of cargo at the ports. The gridlock has degenerated to increasing rate of cargo diversion to ports in neighbouring countries and the attendant huge revenue loss suffered by the Federal Government. The shippers lamented the breakdown of infrastructure at ...

In continuation of its massive infrastructure rehabilitation campaign in Enugu State, Governor Ifeanyi Ugwuanyi’s administration yesterday approved another set of road contracts worth N1.4billion. Addressing newsmen after the meeting of the State Executive Council, the Commissioner for Works and Infrastructure, Engr Greg Nnaji, who was accompanied by his counterpart in the ministries of information, education and commerce and industry, Mr. ...

N10 billion have been revealed by the Nigeria Police Force to be contributed in remittances to the National Housing Fund since the inception of the scheme. The Inspector-General of Police, Mr Ibrahim Idris, disclosed the information at the inauguration of the Nigeria Police Mortgage Bank Cash Centre and ATM gallery in Abuja. Mr Ibrahim said that the aim of the ...

The Nigeria Sovereign Investment Authority on Wednesday said it was planning to invest massively in the Nigerian Infrastructure Debt Fund being managed by Chapel Hill Denham Nigeria. The NSIA said this in a statement issued in Abuja and signed by its Communications Adviser, Mr. Titilope Olubiyi. It, however, did not disclose the amount to be invested, but added that the ...

THE Federal Executive Council, wednesday approved the award of a N155.7 billion contract for the road construction of a hybrid two-lane-six-lane road network that starts from Abuja that cuts through the heart of Northern Nigeria: Abuja-Kaduna-Zaria to Kano. This road project comes at a time when the administration has increased the pace of the completion of the Lagos-Ibadan expressway and ...