Real Estate News

The Federal Government is to review the National Housing Fund (NHF) and also recapitalise the Federal Mortgage Bank of Nigeria (FMBN) in order to boost access to mortgage for Nigerians. Minister of Power, Housing and Urban Development, Babatunde Fashola, disclosed this in Abuja at the National Summit on Affordable Housing. He said that government plans to embrace new technologies, by ...

The trial of the two engineers charged over the collapse of a guest house belonging to the Synagogue Church of All Nations, took a new turn on Tuesday when a video of the tragedy was shown in court. The disaster killed 116 people, mostly South Africans. The engineers are Akinbela Fatiregun and Oladele Ogundeji. The video was shown in a ...

The leadership of the Akwa Ibom State House of Assembly is seeking closer partnership with members of the Nigeria Institute of Architects, NIA. Speaker of the House, Rt. Hon. Barr Onofiok Luke made this known Monday, while playing host to the leadership and members of the Akwa Ibom state chapter of the NIA at the state assembly complex. The Speaker ...

Minister of Power, Works and Housing, Mr. Babatunde Fashola, has unveiled plans by the Federal Government to deliver mass housing for Nigerians. Speaking at an interactive session with the House of Representatives Committee on Housing, Fashola disclosed plans to build 360 houses in three states through Public Private Partnership (PPP) arrangement in the first phase, develop “Rent to Own” housing ...

The Inspector-General of Police Mr Solomon Arase commissioned a police housing estate sited in Egba, Ugua and Oka Communities, near Benin City in Ikpoba-Okha local government area of Edo State. Also commissioned by the IGP were the police Cottage Hospital in G.R.A and a 300-sitter Lecture Hall at Ogida police barracks, both in Benin City. The estate, christened Omo N’ ...

According to Sahara reporters, an investigation has revealed that Bayelsa Senator, Benjamin Murray-Bruce may have illegally diverted a loan he obtained from Union Bank of Nigeria to purchase a posh property in Beverly Hills, California in 2007. Mr. Murray-Bruce has been in the spotlight lately after the Asset Management Corporation of Nigeria (AMCON) on June 23, 2016 seized several of ...

Weeks after they were granted bail by the court, the contractors that handled the construction of the collapsed Synagogue, Church of All Nations (SCOAN) building, Akinbola Fatiregun and Oladele Ogundeji, were on Monday 20 June, 2016 released from the Kirikiri Maximum Prisons after meeting all their bail conditions. The two engineers had been remanded in prison pending trial for alleged ...

Shelter Afrique has invested over $16 million; about N315.2 billion in the nation’s equity market in the last three years. Out of these equity investments, $13 million, about 256.1 billion was invested in credit lines for on-lending for mortgage while $3 million, about N591 million was invested in the Nigerian Mortgage Refinance Company, NMRC within the same period under review. ...

The Ministry of Power, Works and Housing is set to convene the first National Summit on Affordable Housing. A statement signed on last Wednesday in Abuja by Mrs Eno Olotu, Assistant Director of Information of the ministry, stated that the summit would commence today, June 27 to June 28, 2016. It said that the summit is being organised in collaboration with German Development ...

The leadership of the Accord Party (AP) on Sunday asked the candidate of the All Progressives Congress (APC) for the September 10 governorship poll in Edo State, Mr. Godwin Obaseki, to explain his role in the alleged #5.5 billion fraudulent dealings involving real estate development by a company in which he holds a substantial share. The Edo State chapter of ...