Real Estate News

Vanguard reports that Governor Rochas Okorocha of Imo State, yesterday said his government would invite the Economic Financial Crimes Commission, EFCC, to probe contractors who handled rural roads in the State and did not complete them. According to Vanguard, Okorocha stated this at the Imo International Convention Centre, IICC, in Owerri, during a meeting with the members of the State Development ...

According to The Guardian, experts at the ongoing Water Africa and West Africa Building and Construction Exhibition and Seminars have urged government to consider the adoption of small hydropower technology to improve power generation in the country. They maintained that since the focus of generating bulk power to be fed into the national grid had not improved electricity supply, government ...

As part of efforts to boost its internally generated revenue, the Cross River State government has commenced the construction of an ultra-modern rice mill in Ogoja. The Guardian reports that the commissioning of work on the rice mill by the state governor, Ben Ayade on Wednesday is in line with his promise to avoid dependence on monthly allocation from the ...

The Federal Roads Maintenance Agency, FERMA, yesterday, commenced palliative measures to fix bad portions on the Lagos/Abeokuta Expressway. Vanguard reports that the agency began the repairs from the Joju area filling up the craters which had been causing serious traffic jams on the road. According to Vanguard, the Progress Officer of the agency, Mr. Monday Olaogun, while speaking with newsmen at the ...

The Managing Director, Federal Housing Authority (FHA), Prof Mohammed Al-Amin has made it known that FHA is to work with other agencies on the development of a national housing profile for the country. The Nation reports that Prof Mohammed Al-Amin, made this known during a visit to the UN-HABITAT Programme Office in Abuja, where he received by its Programme Officer, ...

The Nigerian Institute of Architects (NIA), has called on the Federal Government to look into several options to tackle the country’s housing deficit. NIA made this known during a visit to the Minister for Power, Works and Housing, Mr. Babatunde Fashola. The Nation reports that NIA’s President, Tonye Braide, said the institute had developed concepts on mass housing, which proposed an ...

The Federal Government has invited experts to make vital inputs into its Medium Term National Economic Plan. Vanguard reports that the experts include Prof. Akpan Ekpo; Prof. Olu Ajakaiye; Prof Joe Umoh; Dr. Obadiah Mailafia; Dr Ayo Teriba; Dr Dotun Sulaiman; Dr Ayo Salami; Mr Boda Agusto; Mr Bismarck Rewane; Mr Frank Nweke; Engr Mansur Ahmed; and Mrs Adepeju Adebajo. Vanguard ...

The Guardian reports that Frontline Primary Mortgage Bank (PMB), Lagos Building Investment Company Plc (LBIC), has kick-started the renewal of all estates under its purview to enhance their economic value and make them safer for residents. According to The Guardian, the company also repositioned itself as the premier mortgage institution creating opportunity for ownership of good quality, contemporary and well-maintained ...

Despite the economic downturn in Nigeria, and its impact in the real estate sector, senior officials of Grenadines Homes say the current economic climate is providing opportunities for developers and investors. According to The Guardian, the Lagos-based firm is preparing to start construction on its premiere facility early 2017, a high-rise structure combining features of an apartment complex and a hotel ...

According to a field report by the Environmental Rights Action/ Friends of the Earth Nigeria (ERA/FoEN), oil leak from Tebidaba-Ogboinbiri crude line operated by the Nigerian Agip Oil Company (NAOC) has discharged massive volumes of crude into the surrounding environment. New Telegraph newspaper states that according to the report, officials of NAOC had commenced recovery of the spilled crude from ...