Real Estate News

The Commissioner for Energy and Mineral Resources, Mr. Olawale Oluwo, has said that no fewer than 54 private firms will be engaged by the Lagos State Government to manage streetlights in the state. Oluwo, spoke on Tuesday during a briefing on the activities of the Ministry of Energy and Mineral Resources in the state. He also added that the government ...

No fewer than 1,435 contractors are jostling for the construction and renovation of 388 classroom blocks under the Universal Basic Education Commission (UBEC) intervention projects in Enugu State. Rose Chiama, the Acting Chairman, Enugu State Universal Basic Education Board (ENSUBEB), made this known in Enugu on Tuesday during the opening of tenders for contracts. Mrs. Chiama, who is also the ...

Lagos State government has approved the reopening of buildings belonging to Lekki Worldwide Estates Limited, owners of Lekki Gardens The buildings were recently sealed after an uncompleted building collapsed at one of the construction sites belonging to the company. Subsequently, the Lagos State Material Testing Laboratory was mandated to carry out integrity tests on all the houses built by the ...

The newly constituted Governing Council of Federal University Ndufu-Alike Ikwo (FUNAI) has urged the state authorities to complete the 18-kilometres road leading to the school and pledged to wade into the land acquisition for the University and payment of compensation to the landowners. The council made the plea during a courtesy visit to the Governor of Ebonyi State, Dave Umahi, ...

The Lagos State Government has awarded contracts for the development of masterplans for four new settlements, namely Kosofo in Ketu-Mile 12 environ, Oshodi-Isolo, Ikorodu and Epe. So far, the Ministry of Physical Planning and Urban Development has completed and published six model city plans of Alimosho, Apapa, Agege/Ifako, Mainland, Ikoyi-Victoria Island, Badagry and Lekki to ensure that information about the ...

Representative of Lagos State Governor, Commissioner for the Environment, Dr. Babatunde Adejare unveiled the plaque to commission the newly constructed Mall at Sabo Market in Ikorodu Local Government built by the Lagos State Government, on Monday, May 16, 2016. With him were Special Adviser to the Governor on Arts & Culture, Hon. Adebimpe Akinsola, Commissioner for Commerce, Industry & Cooperatives, Prince ...

According to  Los Angeles Times  the controversial Nigerian oil tycoon, Kola Aluko, has sold his Bel-Air, Los Angeles mansion, as Nigerian and European authorities investigate him for a series of money-laundering and fraud-related crimes. Aluko sold the home last week for $21.5 million, taking a $3 million loss after purchasing the sprawling residence in 2012 for $24.5 million. Aluko, 46, ...

The Federal Mortgage Bank of Nigeria (FMBN) and the Nigerian Mortgage Refinance Corporation (NMRC) are to collaborate towards strengthening the secondary mortgage market and the Nigerian housing sector in general.   Esin informed the NMRC Chief Executive, Professor Charles Inyangete, that FMBN is refocusing its business model to address the lower end of the income ladder with emphasis on the ...

The Federal Mortgage Bank of Nigeria (FMBN) and the Federal Housing Authority (FHA) have agreed to sign an Memoradum of Understanding (MOU) to meet the President Muhammadu Buhari’s annual target of delivering one million housing units.   The institutions also agreed to jointly explore opportunities for housing delivery through a number of on-going housing schemes such as the Accelerated Housing ...

Federal Government Staff Housing Loans Board (FGSHLB) has partnered with the Nigeria Mortgage Refinance Company (NMRC) to enable civil servants have access to affordable homes. Speaking during a meeting between the two organisations last week, FGSHLB Executive Secretary, Dr. (Mrs.) Hannatu Adamu Fika, said they entered into a partnership to ease the difficulty in accessing mortgages by staff of MDAs ...