Real Estate News

The Central Bank of Nigeria confirmed that two persons, a staff and a construction worker died from the critical injuries sustained in the gas explosion that occurred at the Calabar, Cross River state office of the bank. Isaac Okoroafor, acting corporate affairs director of the bank gave the update, while giving an insight into what happened at the bank. “The ...

An explosion has been reported in the Central Bank of Nigeria building, along Calabar Road, Calabar, Cross River state, around 12:30pm on Friday. The cause of the explosion is unknown. Premium Times reports that a source at the University of Calabar Teaching Hospital, Calabar, has said that scores of injured persons were seen being brought into the emergency unit of ...

Following the collapse of a five-storey building under construction on Kushenla Road, Ikate Elegushi, Lekki on Tuesday, the Police on Thursday said Richard Nyong, the Managing Director and Chief Executive Officer of Lekki Gardens, the construction company behind the collapsed building, has been detained at Panti Police Station. Police Public Relations Officer in Lagos, Mrs. Dolapo Badmos, who confirmed Nyong’s ...

A prosecution witness in the trial of the former Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Patrick Akpobolokemi and others, Eboigbe Etiosa, have  informed a Federal High Court, Lagos how he helped one of the accused, Captain Ezekiel Agaba to buy a piece of land in Lekki in 2004. According to him, it cost N70million. Etiosa ...

A landlord has an unfettered legal right to terminate a tenancy upon giving adequate notice. This is because the property is his and he can at any time retrieve it subject to the conditions of the tenancy agreement. Once he abides by the provisions of the tenancy agreement, the tenant has no choice than to vacate possession. If the tenant ...

Dangote Cement Plc has declared a Profit After Tax of N181.3 billion for the financial year ended Dec. 31, 2015. This is contained in the company’s audited result released by the Nigerian Stock Exchange (NSE) last week in Lagos. The News Agency of Nigeria (NAN) reports that this was against the N151.5 billion posted in 2014. The profit represented a ...

Minister of the Federal Capital Territory (FCT) Malam Muhammad Bello wants better houses for residents of the territory but he also desires affordable shelter. To achieve this, he called for a multi-disciplinary meeting of all professionals involved in the building industry. Bello made the call while receiving a delegation from the Architects Registration Council of Nigeria (ARCON) led by its ...

The Managing Director of Opinior Engineering Company Limited, Engr Muftau Salawu has pleaded with the federal government to build more training institutes across the country for the training of artisans. Salawu who stated this while briefing newsmen in Abuja commended federal government’s decision to recruit unemployed graduates as teachers but said the gesture should also be extended to students that ...

Armed thugs On Tuesday demolished a section of Ladipo Market in Odo-Aladura, Mushin area of Lagos State.   They invaded the market to demolish over 2,000 shops and destroyed goods worth millions of naira. The area mostly affected is the BAKKASI Zone, where one of the contenders to a portion of the market, the Owoyemi family, allegedly used one tout ...

The Lagos State government has said preliminary findings on the collapsed five-storey building in Lekki showed that it exceeded the number of floors approved by the authorities. 24 bodies were recovered from the rubble where the building collapsed, the National Emergency Management Agency said. In a statement issued by Steve Ayorinde, the Lagos state commissioner for information and strategy, the ...