Real Estate News

Hilton Worldwide recently announced its plans to open a 350 guestroom and suite hotel at the Lagos Murtala Muhammed International Airport. According to The Guardian, the firm, in a statement yesterday, said it signed a management agreement with quality Inspection and Testing Services Limited at the AHIF 2016 in Rwanda, and that it would open the new business in 2023 ...

The Guardian reports that the Central Bank of Nigeria (CBN) has disbursed N366.39 billion to 465 projects under the Commercial Agriculture Credit Scheme (CACS) from 2009 to date. The Commercial Agriculture Credit Scheme was established to address financing challenges in the entire agriculture value chain: production, processing, storage and marketing or distribution. According to The Guardian, CBN Governor, Godwin Emefiele, made ...

Vanguard reports that flood has submerged Gbekebor  community in Burutu Local Government Area of Delta State, rendering more than 200 residents homeless, and destroying property estimated at over N120 million. The people have, therefore, called on the appropriate government authorities to come to their rescue by   immediately piling and reclaiming the eroded land. They also want the government to  construct ...

According to The Cable, Sam Adeyemi, the Senior Pastor of  Daystar Christian Centre, says Nigeria’s Land Use Act is a formula for mass poverty, and must be removed, for the country to unleash its potentials. The Cable reports that Sam Adeyemi, while speaking at The Platform on Saturday about “unleashing potentials for wealth creation”, said “the elite class makes it ...

Being faced with harsh financial realities, the Federal Government is exploring the environment sector to increase its gross domestic product, and get the youth fruitfully engaged. According to The Guardian, the Minister of Environment, Mrs. Amina Mohammed, made this known at a quarterly dialogue with journalists in Abuja, and she listed the crops billed for exploitation by government using citizens from all ...

In a bid to ensure speedy trial of violators of sanitation laws in Benue state, the state Sanitation Agency will soon inaugurate a permanent Sanitation Court, to dispense justice on daily basis. According to The Guardian, the General Manager of the agency, Andrew Chile made the disclosure recently after monitoring the monthly sanitation exercise in Makurdi, the state capital. He said the ...

According to The Guardian, senior United Nations officials said, ahead of World Habitat Day (WHD), that with an increasing number of poor and vulnerable people living in precarious conditions, urgent action is needed to refocus urban planning and to provide safe, affordable housing that is appropriate for the citizens’ growing needs. Reports show that the WHD is observed annually on ...

Some residents of Lagos State have lauded the Power Holding Company of Nigeria (PHCN) and the Minister of Power, Works and Housing, Mr. Babatunde Fashola, for improved power supply. The residents gave their commendation in separate interviews with the News Agency of Nigeria (NAN) on Friday in Lagos. According to NAN, a resident of Abesan Estate, Ipaja, Mr. Bola Ogun, ...

President Muhammadu Buhari, on Thursday, tasked the private sector operators in the country, to take the lead in the efforts at resuscitating the nation’s ailing economy, saying they hold the key to quick economic recovery. According to National Mirror, the president, who spoke at the 44th Annual General Meeting of the Manufacturers Association of Nigeria (MAN) held in Abuja, and attended by lawmakers and members of the Organised Private Sectors (OPS), enjoined the ...

The Nation reports that experts in road construction, under the aegis of Nigerian Society of Engineers (NSE), have blamed the failure of roads in Niger Delta on the use of wrong construction methods and materials. The experts spoke yesterday at this year’s annual lecture and award ceremony of the NSE in Port Harcourt, the Rivers State capital. The Nation reports ...