Real Estate News

The Acting Managing director of Federal Mortgage Bank of Nigeria (FMBN ), Mr. Richard Esin has revealed that the bank would develop a biometric data for National Housing Fund (NHF) contributors. This he said was to enable contributors access their funds upon retirement from service without applying for refund adding that the bank would redesign the NHF scheme without violating ...

Dangote Group, owned by Africa’s richest man, Aliko Dangote, has signed a deal for a $2 billion loan from the Industrial Commercial Bank of China Limited for two cement plants. After securing the deal, Mr. Dangote told Reuters that “the interest rate is okay, quite favorable with me”. “It’s for my two cement companies that we are establishing in Nigeria.” ...

The Lagos State Governor, Akinwunmi Ambode, says the new Mile 12 Market will be ready in six months. Ambode, on Tuesday inspected the new Imota site proposed for the relocation of the popular Mile 12 Market, where he promised that work will commence on the site next week. Ambode told traditional rulers and stakeholders in the area that the market ...

The Lagos State Government on Monday broke the gates of some streets in the state for violating the state’s directive, saying the exercise was continuous. The action followed the expiration of the ultimatum given to all streets in the state to leave their gates open from 5am till 12 midnight every day. The gates that were broken belonged to 28 ...

The Nigerian Senate has asked the Minister of Transport, Chibuike Amaechi, to resign his appointment as Minister or apologize to the Senate and Nigerians over the Lagos-Calabar rail project that has generated a lot controversies in the last 48 hours. Members of the National Assembly and the presidency have been at loggerheads after media reports alleged that the National Assembly ...

Over 30 housing units were submerged while 200 persons have been rendered homeless in Calabar, Cross River State, following a heavy downpour at the weekend. Some of the areas affected include 8-Mile, CRUTECH staff quarters, Howell, Okoro Agbor, Goldie and Target streets. Other areas include Efut Unwanse community in Calabar South, Mbukpa, Muritala Mohammed Highway, Wappi junction among others. The ...

Andrew Thornhill QC, a leading tax lawyer, was paid a bribe of £500,000 to act in a biased way to resolve a family property dispute, the high court has heard. The former head of Pump Court Tax Chambers in London has been accused of taking the payment from one side in the dispute despite being appointed as an independent expert ...

A New Jersey woman named Lakishette Williams accidentally set fire to her apartment after she found out her boyfriend was gay and was cheating on her with other men. She told police she accidentally set her apartment ablaze while burning love letters from the man. This happened in December and she was immediately arrested for arson after police found out ...

The House of Representatives, on Monday, insisted it did not remove the Lagos-Calabar rail project from the 2016 budget, accusing the Minister of Transport, Rotimi Amaechi, of an attempt to pad the appropriation bill. Addressing journalists, the House spokesperson, Abdulrazak Namdas, said there was no project as Lagos-Calabar rail project in the budget proposed by the executive. He said it ...

South India – An explosion caused by fireworks during a religious festival at a temple in India, Sunday, leveled several buildings, killed about 106 people and hundreds more injured in the southern Indian state of Kerala according to reports. P. T. Chacko, a spokesman for Chief Minister Oommen Chandy of Kerala, said that the fireworks display had been forbidden by ...