Real Estate News

According to PM News, Lagos State Governor, Akinwunmi Ambode on Wednesday disclosed that Oshodi-Ikeja International  Airport road reconstruction will begin in September. The governor disclosed this at the 3rd Quarterly Town Hall Meeting at Badore area of Lagos, Southwest Nigeria. The governor said the road would be developed into a 10-lane road befitting an international road. Ambode also disclosed that ...

The Guardian reports that the President of the Movement for the Survival of Ogoni People (MOSOP), Legborsi Pyagbara has accused the Federal Government of insincerity in the Ogoni cleanup. Pyagbara spoke yesterday in Port Harcourt, while reacting to the moves by the Nigeria Petroleum Development Company (NPDC) and Shell to resume exploration in Ogoni. He said government’s efforts to resume oil ...

Nigerian Tribune reports that Stakeholders in real estate investment and businessmen have called for the resuscitation of the moribund Nigerian Lamp Industry, established by the late industrialist, Chief Beyioku Adebowale of the famed Adebowale Electronics. The industry is located at Odomola, in Epe Local Government Area of Lagos. Speaking on the imperative of resuscitation of the industry, Chief Femi Ademola, ...

“For reasons bordering on improved infrastructure and the crimpling impact of economic downturn which has compelled some individuals, families and corporate institutions to downgrade and change locations, Landed property prices in Lekki is the fastest rising among the prime island locations in Lagos.”- Business Day But land prices in Banana Island which is the most expensive neighbourhood in Lagos and ...

“The Gombe State Emergency Management Agency, SEMA, said 23 persons were killed and five others missing in Gombe flood disaster between June and July.”- Premium Times Mohammed Garba, Acting Head of Rescue and Rehabilitation of the agency made the disclosure to journalists in Gombe on Monday. He said six persons died at Dadinkowa in Yamaltu-Deba flood on June 6; 16 ...

“Giant Tyre Manufacturing Company DN Tyre and Rubber Plc, formerly Dunlop Nigeria Plc, has instituted a $14.6million suit on a commercial bank, a church and five others over alleged illegal acquisition of land.”- Vanguard The claimant, the owner of 20.22 acres of land at plot 23, Oba Akran Avenue, Ikeja in the suit before a Lagos High Court, is alleging ...

“The Lagos State Government is brainstorming with stakeholders in the business environment to harmonise tax collection system in a bid to nip multiple taxation in the bud.”- PM News Issues, such as multiplicity of taxes, rates, illegal levies, harassment of citizens by revenue officers, especially by local governments, among others were brought to the front burner for discuss. Commissioner for ...

According to PM News, the Lagos State Government is partnering with the Singapore Government in public housing development in a bid to bridge the housing deficit in the state which stood at three million. Officials from the Singapore Government, led by Dr. Koh Poh Koon, Senior Minister of Trade and Industry, Ministry of National Development, paid a visit to the ...

“As the Land Use Act bill which sought to alter the 1999 Constitution for it to be expunged from the Constitution so that it could be subject to regular process of review and amendment suffered defeat in the upper legislative chamber last week, built environment professionals have condemned the action of the senators to reject the bill.”- Vanguard Describing the ...

“A time when public confidence in many government institutions is probably at its lowest ebb, one institution that stands out for its commitment to service is the Federal Mortgage Bank of Nigeria (FMBN).”- Leadership Set up since 1956 when it was known as the Nigerian Building Society, the bank has continued to deliver on its mandate of supplying the mortgage ...