Real Estate News

“The Lagos State government has acquired 500 hectares of land in Eluju-mowo, along Itoikin-Epe road for Farm Estate Initiative, to address the various challenges facing agriculture in the state.”- The Guardian It has also fully compensated the five affected communities, whose crops were affected. Speaking at a cheque presentation ceremony, held at the Ministry of Agriculture, Ikeja, Special Adviser to ...

Daily Post reports that tragedy occurred Wednesday morning along Eleyele – Ologuneru- Eruwa Road in Ibadan after a tanker fire claimed the life of a yet-to-be-identified woman and destroyed property worth millions of naira. The fire which started around 11am, according to eye witness, was triggered when the truck loaded with 33,000 litres of diesel had difficulty ascending the hilly ...

“The Ogun State government has begun the construction of a six-lane 12-kilometre (KM) road and a 600 metre bridge in Atan/Agbara, Ado-Odo Ota Local Government Area of the state. The project is part of measures to  end the hardship being experienced by motorists and other road users due to the bad state of the road. The construction work, according to ...

“Lagos State governor, Akinwunmi Ambode, yesterday commissioned the two newly-built bridges in Ajah and Abule-Egba, stating that it would not only help reduce travel time but also boost economic activities within the corridors.”- The Guardian. Ambode noted that in the quest to build a globally competitive city-state, one strategic emphasis of his administration has been to improve connectivity in the ...

PM News reports that Gov. Abiola Ajimobi of Oyo State has sought the cooperation of landowners in Oluyole Local Government Area of the state, as the government begins the enumeration of properties on government acquired land. The governor made the appeal in Ibadan at meeting with the landowners at the conference hall of Oluyole Local Government Council on Wednesday. The ...

According to Premium Times, Power, Works and Housing ministry has created 193, 469 jobs, with 40,429 direct and 153,040 indirect jobs, within the two years of President Muhammadu Buhari’s administration, the minister, Babatunde Fashola, said Tuesday. Speaking in Abuja at a town hall meeting to celebrate the mid-term of President Buhari’s implementation of the economy recovery and road plan, Mr. ...

“President/chairman of Council, Association of Housing Corporations of Nigeria (AHCN), QS Mohammed Baba Adamu has disclosed that the professional body has commenced the process of structuring a N500 billion revolving housing intervention fund from the Central Bank of Nigeria (CBN) to facilitate mass housing construction in Nigeria To this end, he confirmed that the association has created an off-takers database ...

“The Nigerian Stock Exchange (The NSE or The Exchange) is pleased to announce that it will host the maiden edition  of its Real Estate Investment (REIT) Conference on Tuesday May 23, 2017 at the NSE Event Centre, Stock Exchange House 2/4, Customs Street, Marina, Lagos. The Conference themed “Real Estate Investment Trust in sub-Sahara Africa: The role of The Capital ...

According to The Guardian, The Lagos Chamber of Commerce and Industry (LCCI) says recent moves by the Federal Inland Revenue Service (FIRS) to use property value as a basis for Company Income Tax assessment is worrisome. The LCCI Director-General, Mr Muda Yusuf, told the News Agency of Nigeria (NAN) in Lagos that the move by the FIRS would hurt the ...

“No‎ fewer than seven communities in Iluleha, near Sabongida-Ora, Owan West Local Government Area of Edo are under threat of gully erosion that have eaten deep into the only road that linked the community with the rest of the state.”- The Guardian The Guardian gathered that the gully in Uzebba area is measuring between about 50ft deep and 35ft and ...