Real Estate News

Mortgage brokers and lenders have urged President Muhammadu Buhari to invest the funds recovered from looters in the past government in mortgage financing. The Chief Executive Officer, Institute of Mortgage Brokers and Lenders, Mr. Elisha Jasper, who stated this, said it was imperative to advise the Federal Government on the best sectors to invest the funds. Jasper observed that the ...

The former minister of petroleum resources under the immediate past government, Diezani Alison-Madueke has been reported to be guilty of another offence . This was made known by the Economic and Financial Crimes Commission (EFCC). The anti-graft agency said during its ongoing war against corruption, it discovered that the former petroleum minister is alleged to own an $18m mansion. While ...

The Inspector General of Police, Mr Solomon Arase has commissioned sixty four units of semi detached bungalows named after former IGP Gambo Jimeta Police Housing Estate in Yola, Adamawa State capital. Mr. Arase said the Force is determined in provision of shelter for its workforce, by providing conducive accommodation to the Inspectors and Rank and file who are vulnerable to ...

The Kwara Government says it has secured a $56million investment from China for the establishment of a textile industrial park in the state. The Senior Special Assistant, Media and Communication to the Governor,  Muideen Akorede, said this on Sunday in a statement made available to the News Agency of Nigeria in Ilorin. The statement said Governor Abdulfatah Ahmed concluded the ...

The News Agency of Nigeria (NAN) reports that two construction giants, Julius Berger Nigeria Plc and Reynolds Construction Company (RCC), have returned to site to resume work on the Lagos-Ibadan Expressway. Reconstruction and rehabilitation works on the highway were suspended due to some issues with the Federal Government which include funding. A NAN correspondent, who took a trip on the ...

When Nigerian businessman Garba Buzu noticed a significant increase in the number of children begging and foraging for food on the streets of Maiduguri, capital of Borno state in northeast Nigeria, he knew he had to act. Maiduguri has been inundated in the past three years by people fleeing their homes and Boko Haram militants, sending the city’s population surging ...

Contractors who executed federal government’s road projects over the past three years were not paid for their job, Babatunde Fashola, the Minister of Power, Works, and Housing, has said. Speaking at the inaugural “Buharimeter” town hall meeting in Abuja, Thursday, Mr. Fashola said the contractors had, nonetheless, continued to work with the present administration based on their credibility. “As far ...

The heavy downpour of yesterday morning resulted in the flooding of major roads in the Lekki and Victoria Island axis of Lagos. A tree at Ajose Adeogun in Victoria Island was uprooted by the wind. Some motorist bailed out water from their cars. Traffic was high as a result of the flood in most of the roads.

A Man on Tuesday lost his property when fire razed his self-contained apartment in a two-storey building on Ayinke Street, Bariga, Lagos. The man, who gave his name simply as Charles, said the fire was caused by a surge when electricity was restored. He said he was at work when he learnt of the incident. The fire, he said, spread ...

After the heavy rainstorm on Tuesday, the floating school situated in Makoko, Yaba area of Lagos, collapsed. The weak structure which had survived several storm but finally caved in. There were no casualties as the students had reportedly been relocated to a main school building before the incident. According to reports, plans to construct a new structure in the Waterfront ...