Real Estate News

Bersama Cooperative, a real estate investment-based society has launched their investment plan for children. Bersama kid/teens is a real estate plan which focuses on a structured savings for parents and guardians of children within the age range of 0-18 years. The initiative is specifically geared towards investing in properties on behalf of the children/wards before their 18th birthday. The ownership ...

President Muhammadu Buhari says he has approved a sum of N10 billion as intervention fund for the rehabilitation of Akanu Ibiam International Airport, Enugu state. He made the announcement via his Twitter account, on Thursday. Buhari said he is optimistic that the work will be done and completed on time. He said his administration will continue to prioritise infrastructural development ...

The Federal Housing Authority (FHA) has unveiled plans for the construction of Abuja Diaspora City to be sited on 750 hectares of land in Kabuzu-Maitama II district as well as 30,000 mass housing in the nation’s capital city. FHA acting managing director/chief executive officer, Umar Gonto, disclosed this yesterday during an interactive session with the House of Representatives committee on ...

Several residents of the coastal communities in Ese Odo Local Government Area of Ondo State, including Igbotu, the hometown of the mother of state governor, Mr. Rotimi Akeredolu have been sacked from their homes following several days of downpour. Some of the communities include Igbobini, Iluagbo, Sabome, Inikorogha, Oboro, Ojuala, Ipoke and Igbekebo, the headquarters of the local government, where ...

The Minister of Works and Housing, Babatunde Fashola, on Tuesday, said the Federal Government planned to introduce a national cooperative housing scheme to provide affordable houses for Nigerians. According to him, the scheme will go a long way in addressing the huge housing deficit in Nigeria. Fashola, who spoke during the unveiling of a showroom by Karmod Nigeria in Abuja, ...

Another building has collapsed at Rademo Street, behind recreation center, Ita Elewa, Ikorodu area of Lagos as a result of Saturday’s heavy downpour. According to the Lagos State Emergency Management Agency, LASEMA, the one storey building partially caved in because of intense rainfall but said no life was lost. Investigations by LASEMA revealed that aside from the heavy downpour, the ...

Stakeholders in the construction and real estate industry have said Nigeria needs a sustainable action plan to address its housing shortage. They noted that if properly regulated, the sector had the potential to create jobs and promote economic prosperity. The Governor of Kaduna State, Mallam Nasir El-Rufai, said it had become necessary to take a holistic look at housing at ...

The Federal Capital Territory Administration (FCTA) says it has concluded arrangement to upgrade the Unity Fountain, located on Shehu Shagari Way, Maitama.  Mr. Anthony Ogunleye, Chief Press Secretary to the FCT Minister, made the disclosure in a statement on Tuesday in Abuja.  He said that the Unity Fountain would be closed for between 60 and 90 days to allow construction ...

Residents of some communities in Badagry area of Lagos State have continued counting their losses due to flooding after many hours of weekend rainfall which destroyed homes, churches, shops, and farmlands. It was reported that communities affected by the flooding, which destroyed property worth millions of naira, include Zongbakomeh, Yoyome, Vetho Gevie, Poshukoh, Oropo, Finanyo, Itoga road, and Okutu Imeke. ...

Electricity Generation Companies, comprising gas-fired and hydro stations, said they released an average of 3,226 megawatts/hour of electricity into the national grid on Saturday, October 12, 2019. This was contained in a daily energy report by the Advisory Power Team, office of the Vice President, a copy of which was obtained by on Sunday in Abuja. The report said the ...