Real Estate News

Police broke up a sit-in protest in Lagos early Thursday, dispersing hundreds of former slum-dwellers demanding compensation after being evicted from their waterfront homes. Some 600 people from the Otodo-Gbame area of the Nigerian megacity, including women and children, had earlier on Wednesday marched to the office of the state governor. They were among more than more than 30,000 people ...

In its bid to reduce the widening housing deficit in the country, Sterling Court Development, a Pubic Private Partnership Development initiative in collaboration with Lagos State Government through Agboyi-Ketu Local Council Development Area, in financial partnership with Sterling Bank Plc, is set to offer a solution to the acute housing shortage being experienced in the nation particularly in Lagos State ...

Three people have been killed and 19 others injured in a multiple accidents at Berger area of Lagos, Southwest Nigeria. General Manager, LASEMA, Adesina Tiamiyu confirmed that three people died from the multiple accidents. He said the accident occurred at Kara Bridge, inward Mowe and that the multiple accidents involved 16 vehicles. Tiamiyu added that 19 people were injured and ...

In what is likely the most interesting acquisition deal in the history of Nigerian internet startups, online property classifieds platform, ToLet just recently announced its acquisition of Jumia House for an undisclosed amount. Why is the acquisition interesting? It is barely a year ago since ToLet raised just over a million dollars in its Series A funding round. Jumia House ...

Dangote Foundation has donated a mosque worth N100 million to the Federation of Muslim Women’s Association in Nigeria (FOMWAN) in Abuja. Mr Anthony Chiejina, Chief Corporate Communication Officer, Dangote Group, made this known on Wednesday in a statement made available to the News Agency of Nigeria (NAN) in Abuja. He said that the foundation took over the building of the ...

The massive deployment of security personnel and personnel of other organisations for the Nov.18 Governorship election in Anambra has led to boom in hospitality business in Awka and its environs. The News Agency of Nigeria (NAN) correspondent who visited some hotels, Anambra Police Command headquarters and the Independent National Electoral Commission (INEC) Awka on Wednesday, reports increased human activities. Most ...

A unit of Dangote Flour Mills, Dangote Noodles Limited, has sold two production lines to rival pasta maker, De United Foods Industries, for N3.75bn ($12.26m), the company said on yesterday. De United said it had signed an agreement with the firm to buy plants at its Ikorodu and Calabar factories. It will also buy stock worth N383.94m, according to a statement from ...

An APC lawmaker representing Eleme Constituency in the Rivers Assembly, Hon. Josiah Olu has enjoined pressure groups agitating against the delayed Ogoni clean-up to be patient with the Federal Government. Olu made the appeal in an interview with the News Agency of Nigeria (NAN) on Tuesday in Port Harcourt. He said that the Ogoni clean-up required extensive planning, scientific analysis, ...

The Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN), has revealed why the Federal is hesitant to pay the whistle-blower who exposed the N13 billion found in an Ikoyi, Lagos apartment, by the Economic and Financial Crimes Commission. Sagay said the Federal Government does not want the whistle-blower to run mad at the sight of the huge sum ...

The House of Representatives Committee on Works, has expressed displeasure over the poor performance by the contractors handling a section of Bauchi-Gombe road. Mr Israel Ajibola, team leader of the committee, currently on inspection of road projects in the North-East region, spoke in an interview with the News Agency of Nigeria (NAN), on Sunday in Bauchi. Ajibola, who had earlier ...