Real Estate News

The Guardian reports that some communities in Uhunmwode, in Owan West and Ovia North East Local Councils of Edo State, at the weekend protested against the acquisition of their land by Okomu Oil Palm Company. The protests held in Orhua and Umokpe in Uhunmwode and Ozalla clan of Owan West, were led by the communities’ traditional heads and elders-in-council, The ...

Reports show that plans are underway by the Italy-owned international oil company, ENI, to refurbish the Port Harcourt refinery. In a Memorandum of Understanding (MoU) signed by the oil firm and the Nigerian National Petroleum Corporation (NNPC) in Rome, Italy, yesterday, the company would also build the phase two of the Okpai Power Plant, The Guardian reports. The Guardian reports ...

The Central Bank of Nigeria (CBN) has donated a two-storey multi-million naira structure to the Cross River University of Technology (CRUTECH). New Telegraph reports that the building which is valued at N999 million, was handed over to the university by an official of the apex bank, Mr. Akanimo Etim, who represented the Central Bank Governor, Mr. Godwin Emefiele at the ...

Anambra State government has made it known that it is collaborating with the Federal Mortgage Bank of Nigeria (FMBN) to complete its housing scheme for civil servants in the state. According to New Telegraph, Mr Frank Offor, the state Commissioner for Housing and Urban Development, said in Onitsha that the collaboration was in government’s bid to provide affordable houses for ...

Reports show that the Federal Roads Maintenance Agency (FERMA) has begun rehabilitation of the Third Mainland Bridge in Lagos to ease difficulty being faced by motorists. The News Agency of Nigeria (NAN) checks on Sunday revealed that FERMA was removing asphalt on four portions on the Obalende/Church Missionary Society (CMS) bound carriageway. The engineer in charge of the agency, Lagos ...

Sokoto State Governor, Aminu Tambuwal has made it known that the government would revoke the Certificate of Occupancy (C-of-O) of any filling station found to be hoarding fuel to create artificial scarcity or is selling above the official rate. New Telegraph reports that Tambuwal said the government, along with the Department of Petroleum Resources (DPR), would set up a joint ...

The Guardian reports that World Bank has issued a certificate of appreciation to a Nigerian lawyer, Olaseni Oyefeso, for his contribution to “Enabling the Business of Agriculture” 2017 World Bank project. Oyefeso was identified as an expert on Nigerian Law regarding environmental matters. He was contracted by the World Bank in February 2016 to render legal support on Nigerian laws ...

Imo State government has approved N2billion for the rehabilitation of infrastructure in Ohaji/Egbema and Oguta local councils of the state. The Guardian reports that Governor Rochas Okorocha announced this when members of the State Amnesty Committee visited him at the Government House, Owerri, to brief him on the development in the area. He disclosed that his administration would soon launch ...

A real estate investment firm, 3Invest has launched its corporate real estate model, Lagos Co-work. The Guardian reports that the Lagos Co-work will provide and operate flexible office spaces to start-ups/growing businesses and create a collaborative community where people co-work and invest in timeshare opportunities. Pioneered by start-ups, entrepreneurs and freelancers, a growing number of companies, large and small, are exploring ...

Despite the economic downturn in the country, Tobykemsworth, a real estate developer has launched Honeywells Garden in Maryland, Lagos. According to The Guardian, Honeywell’s Garden is conceived as an estate for medium and high-income earners and choice prototypes and building design. Future house owners in the estate backed with the Governor’s consent and Certificate of Conveyance are left with different ...