Real Estate News

The Federal Government on Thursday said that the drop in the price of crude oil would not make it reduce its investment in infrastructure in the 2016 fiscal period. It boasted that what the country failed to achieve in the area of infrastructure when crude oil was sold at $114 per barrel would be achieved using the instrumentality of the ...

The Lagos State Governor, Akinwunmi Ambode, says he will establish schools and build new roads in the Ajasa-Command and Abesan communities. Ambode, who expressed displeasure at the state of roads in the communities, promised the residents that work would start on some of the roads in two weeks. The governor spoke during an inspection tour of the areas on Thursday, ...

President Muhammadu Buhari recently signed series of agreement with United Arab Emirate (UAE) which is expected to aid recovery of Nigeria’s stolen money and assets. This agreement may have started yielding results as a list of Nigerian politicians who own houses in UAE has been released according to reports. According to Sahara reporters, some notable Nigerians had several businesses and ...

Alhaji Aliyu Oroji Wamakko is the deputy national president, Real Estate Developers Association of Nigeria (REDAN) and chairman/CEO, Jedo Investment Company Limited. He has pointed out that there is need for the government to team up with REDAN in order to solve the mass housing needs in Nigeria. Read excerpts from his interview below: As an expert in real estate ...

The Nigerian National Petroleum Corporation (NNPC) has disclosed plans to expand the market share of its retail business from the current 12 per cent to an appreciable level by building a mega station in every Senatorial district in the country in the months ahead. In a statement by its spokesman, Ohi Alegbe, the Corporation’s move was part of efforts to ...

The Peoples Democratic Party (PDP) has accused Governor Rauf Aregbesola of inflating the contract sum of the Moshood Abiola International Airport, Ido Osun, from N4.5bn to N15.5bn. The Director of Media and Strategy of the PDP in the state, Mr. Diran Odeyemi, said this in a statement in Osogbo on Sunday. The opposition party accused the governor of jerking up ...

The Synagogue Church of All Nations, led by Prophet Temitope Joshua has dragged the Lagos State Government to court over the criminal indictment of the church by the Coroner court in relation to the collapsed building that killed about 116 persons on September 12, 2014. Joined as defendants in the suit are the Coroner, Magistrate Komolafe Oyetade and the state Attorney-General ...

A socio-economic group in Ogun State, the Egba Economic Summit has called on the Federal Government to resume the reconstruction of the Lagos-Ibadan Expressway to prevent it from deteriorating further. The road awarded at a cost of N167 billion by the Federal Government has the Lagos-Sagamu stretch of it being redeveloped by Julius Berger, while the Sagamu-Ibadan axis is being ...

Fire gutted the Nigerian National Petroleum Corporation (NNPC), Mega Station, Tuesday in Dutse, the News Agency of Nigeria reports. A staff of the station, who pleaded anonymity, told NAN that a 40,000-liter tanker, which brought petroleum, caught fire while offloading. The source said the incident happened at about 5.30 p.m. “The good thing is that it did not affect anyone ...

A real estate solution company, Propertygate Development and Investment Plc has thrown its weight behind a plan by the current administration to invest massively in both infrastructure and housing. The support, however, is with a call on the government to give clearer strategy and direction on how the initiative would be implemented, else the laudable vision might be fraught with ...