Real Estate News

Vanguard reports that Rivers State governor, Chief Nyesom Wike, has formally unveiled Nigeria’s first ever land ship, MV Rivers Pride. The land ship was built by an indigenous maritime training institution, Charkin Maritime and Offshore Safety Centre. He also approved a certificate of occupancy for the land on which the land ship is situated at Ozuoba, on the East-West Road, ...

The nation reports that after  posting N2.7 billion as its operating surplus at the close of last year, the Federal Mortgage Bank of Nigeria (FMBN) has secured the Federal Government’s nod to boost affordable housing financing. The Acting Managing Director, Richard Esin highlighted the bank’s business performance  at a review session on FMBN’s operations last year. He said the bank ...

“The Federal Government has approved N126 billion for the reconstruction of 12 roads across the country. The approval was formally made by the Federal Executive Council, FEC, meeting presided over by the Acting President, Prof. Yemi Osinbajo, at the Presidential Villa, Abuja, yesterday. The council also approved a new National Health Policy for the country. Briefing State House correspondents at ...

“The Federal Government is trying many options to pull the economy out of recession. The Finance ministry believes that mortgage institutions have the wherewithal to fund the housing sector as part of ways to revitalise the troubled economy and create jobs. Stakeholders also believe that stability in the exchange rate and the provision of more funds to the mortgagors will ...

“BON Hotels International West Africa on Friday introduced its tenth property, BON Hotel Grand Pela, to their Nigerian portfolio. The hospitality company that owns, manages and markets hotels throughout Africa, launched the new hotel, at BON Hotel Grand Pela Premises, Durumi District, Abuja. The grand opening was attended by VIP guests, members of the press, dignitaries, politicians, airline executives, hotel ...

The Nation reports that a new real estate portal, propertynews.com.ng, has been launched in Lagos. Its Publisher/Adrant Partners Chief Executive Officer, Mr. Ranti Adedeji, said the portal is a cost-effective platform that provides in-depth reports and analysis of events, activities and developments in the construction and real estate sector. “Practitioners, investors, as well as, individual property owners would find it ...

“The Architecture, Engineering, and construction (AEC) industry in any country is responsible for the construction, repair, and alteration of buildings, roads, structures and other properties in the country.”- Techpoint. Techpoint also reports that the alarming cases of collapsed buildings in Nigeria only point to the sub-optimal constructions which fall short of global standards. In the past three years, over 75 buildings ...

Naij.com reports that Onitsha’s mean annual concentration was recorded at 594 micrograms per cubic metre by the World Health Organization – massively exceeding the WHO’s annual guideline limit for PM10s of 20μg/m3. This means that Onitsha is the most polluted city in the world, but the people living in it do not even know it. According to a report by ...

“Mr. Babatunde Fashola, Minister of Works, Power and Housing, Abuja shocked the Senate yesterday with the denial of N2 billion allegedly voted for regional housing scheme by the Ministry of Finance.” Vanguard reports. News from Vanguard relates that the money is part of the N64.991 billion budgetary proposals for the housing sector this year. Speaking, yesterday, in Abuja when he ...

To forestall increasing cases of building collapse in the country, the Senate has promised a speedy passage of all necessary legal frameworks on the revised National Building Code.- The Guardian. The Guardian also reports that Senate President, Bukola Saraki gave the assurance, while declaring open the public hearing by the Senate Committee on Lands, Housing and Urban Development on “The ...