Real Estate News

The Guardian reports that major shifts may soon be introduced into the Lagos government’s road projects with the bidding of AG-Dangote Construction Limited proposing the use of concrete in the 181 local councils road contracts. The firm is among the 1,000 building and civil engineering contractors jostling for the contracts in Lagos. At least two roads are selected from the 20 ...

“To check several litigations occasioned by quackery in the State, Akwa Ibom State Government has called on the State chapter of Nigerian Institution of Surveyors (NIS) to submit list of all licensed surveyors to it.”- The Guardian The State’s Commissioner of Housing and Special duties, Prince, Enobong Uwah, made the call when officials of the institute led by its chairman, ...

“To bridge the demand-supply gap in affordable housing in the country, stakeholders in the construction and financing sectors have advocated value-chain funding for affordable housing projects as an innovative means of tackling the challenge.”- The GuardianAccording to the operators, there are many houses unoccupied in many areas in the country but affordability remains a concern to people in need of ...

According to Premium Times, a former footballer, John Fashanu, is reportedly involved in a multi-million-naira land fraud scandal; a development that has seen him spend two days in an Abuja Prison. Reports claim Fashanu was arrested at his home in Sun City Estate, in the Federal Capital Territory and taken into custody on suspicion of “criminal conspiracy.” As reported in ...

“An official of the Lagos Metropolitan Area Transport Authority (LAMATA), Mr Kolawole Ojelabi, says that the Ikeja bus terminal project is 90 per cent completed.”- PM News Ojelabi, who is the Head of Media and Communication, LAMATA, disclosed this in Lagos on Monday. He said that the terminal project was part of the Lagos Bus Reform Programme of the state ...

“The last is yet to be heard of the impact of recession in the country as financial institutions, especially commercial banks have begun to sell their idle landed property in major urban centres to cushion the liquidity shortage in the sector. The Guardian learnt that some of the banks engaged in mergers and acquisitions with Assets Management Corporation of Nigeria (AMCON) ...

According to Daily Post, the Federal Ministry of Power, Works and Housing has announced that Julius Berger Nigeria Plc has finally suspended work on the Lagos-Ibadan Expressway. It said the development was not unconnected with delays in the payment of agreed contract fees for work already done. Checks have shown that the contractor handling the reconstruction and expansion works on ...

“Except urgent measures are taken to encourage the use of local building materials, the construction industry will remain in doldrums, stakeholders have said.”- The Nation They spoke at the ninth Annual Distinguished Lecture of the Nigerian Institute of Quantity Surveyors (NIQS), Lagos Chapter. At the lecture themed: “Foreign exchange problems, prospects and solutions in Nigeria: Construction industry perspective,” participants called ...

The Nation reports that The Alumni Association, Federal University of Technology, Owerri (FUTO), at the weekend flagged off a N220 million housing project for members of staff of the institution. The project which would provide 20-unit houses will be completed within one year. Speaking during the groundbreaking ceremony, President of the Association, Ndubuisi Chijioke, said the building project would gulp ...

“West African Ceramics Limited, leading tile manufacturer, joined other stakeholders in the public and private sector of the housing economy to discuss and proffer solutions to housing challenges in the country at its platinum sponsored 11th Abuja Housing Show.”- Business Day In alignment with the theme of the show- ‘Solving Africa’s Housing Challenge through Innovative Finance and Infrastructure Solutions’ the ...