Real Estate News

“Faced with dwindling foreign exchange earnings, the Paint Manufacturers Association of Nigeria (PMA) has urged the federal government to attach importance to the development of the raw materials base.”-The Guardian While pledging to encourage investors who are willing to invest in paint raw material production and development, they appealed to the government to extend intellectual, technological, legal and financial collaboration ...

A Sokoto Magistrates’ Court on Monday ordered the remand of 48-year-old  estate agent, Lawali Maigara, for alleged land fraud. The defendant was accused of defrauding one Mubarak Bello of Fakon Iddi area of Sokoto of N400,000 on land transaction. The defendant was arraigned on a two-count charge of criminal conspiracy, breach of trust and cheating, offences contrary to Sections, 312 ...

“Members of the Royal Institution of Chartered Surveyors (RICS), Nigeria group have called on the Federal Government to create an enabling environment for real estate sector, which will boost economy.”- The Guardian The real estate experts, who spoke at the Annual General Meeting (AGM) and induction of new members, dwelled on the theme: Funding Real Estate, Requirement from Advisors. The ...

“The members of the National Assembly’s joint committee on aviation on Thursday expressed worry over the deplorable state of some airports in Nigeria, particularly the Enugu and Port Harcourt International airports.”- Premium Times Muhammad Adamu, APC-Kebbi Central, explained how unhappy he was after a tour of the facility of the Port Harcourt International Airport despite the fact that the Senate ...

“Nedcomoaks properties boss, Dr Kennedy Okonkwo, has called on the government to look into the real estate industry and consider it for financing.”- Nigerian Tribune The estate developer made the statement during a courtesy visit paid to him by some top executives of the Real Estate Developers Association of Nigeria (REDAN) in Lagos earlier this week. According to Dr Okonkwo ...

“Relief is on the horizon for internally displaced persons in Maiduguri, Borno State as the Muhammadu Indimi Foundation, a humanitarian organisation founded by the Executive Chairman of Oriental Energy Resources Limited, Alhaji Muhammadu Indimi, is to build a N600 million solar-powered village of 100 units of 3-room houses for those displaced by Boko Haram in the state.”- The Nation The ...

“The festering question over whether affordable houses for Nigerians is a reality or myth was put to rest and beyond any iota of doubt, recently in Abuja when River Park Estate launched over 3,000 structures comprising of different units of houses to bridge the housing deficit in Nigeria.”- This Day The River Park Estate project, which occupies a 501 hectares ...

The Society of Real Estate Developers of Nigeria (SOREDON) is ready to partner the federal and state governments to address the 17 million housing deficit in the country. According to its Chairman, Mr. Michael Adedeji, to solve the problem, experts and financial competence, the forte of SOREDON, because of its ability to raise offshore funding to tackle housing deficit, are ...

“The Corps Marshal, Federal Road Safety Corps (FRSC), Mr Boboye Oyeyemi, has absolved demons of responsibility for the high rate of road traffic accidents during ember months.”- The Nation Oyeyemi spoke at the launch of the 10th edition of the “Don’t Drink and Drive’’ campaign of the Nigerian Breweries (NB) in collaboration with the FRSC in Abuja on Wednesday. Represented ...

According to Punch, the Ogun State Government, in conjunction with the Federal Government, has unveiled a plan  to immortalise the popular Ransome-Kuti family by turning their ancestral home in Abeokuta to a museum. The Minister of Information and Culture, Alhaji Lai Mohammed, gave the indication on Wednesday when he visited the house located  on NEPA Road, Isabo, Abeokuta, in company ...