Real Estate News

Amid plans to attract private real estate investors and developers into the metropolis, Lagos authorities have zoned some high residential density areas often referred to as high Streets in Victoria Island to accommodate high rise developments of 110 metres (approximately 30 floors). Areas with the permissible height are Adeyemo Alakija, Idowu Taylor, Adeola Hopewell, Adetokunbo Ademola, Ajose Adeogun and Akin Adesola.  The new move is part of the Revised Ikoyi-Victoria Island Model City Plan (2013-2033) that specifically ...

The Plateau State governor, Simon Lalong, on Friday swore in Samuel Galadima and 16 other commissioners for the 17 ministries in the state. Samuel Galadima will be in charge of Housing and Urban Development. The deputy governor, Sonni Tyoden, is to oversee Ministry of Higher Education. Mr. Lalong urged Mr. Tyoden, a professor, to use his wealth of experience as ...

Press Statement: The Lagos State Environmental and Special Offences Court sitting in Ogba on Friday convicted six traffic offenders arrested by the convoy of the State Governor, Mr. Akinwunmi Ambode in Ijora-Olopa area of the State on December 16, 2015, while driving against traffic. Those arrested and convicted include Mrs. Adejoke Elemoro, Mr. Ogunlana Olatunji, Mr. Ganiyu Ayokuleyin, Mr. Ogunade ...

The Ogun Commissioner for Housing, Mrs. Oluwasegun Abiodun, said on Thursday that the ministry proposed N3.74 billion as its capital expenditure for the 2016 fiscal year. Abiodun spoke while defending the ministry’s 2016 budget proposal before the Ogun House of Assembly in Abeokuta. The commissioner also said that the ministry proposed 10 hectares of housing estates in 12 locations across ...

The Managing Director, Federal Mortgage Bank of Nigeria (FMBN), Mr. Gimba Ya’ukumo yesterday said about 68 million children are either improperly housed or rendered homeless as a result of house deficit in the country. Speaking at a meeting organised by the Initiative for Leadership and Economic Watch in Nigeria, in Abuja, he said only four million Nigerians subscribed to the National ...

The Federal Government has unveiled plans to build new refineries as part of efforts to ensure that the country refines substantial volume of its fuel needs. Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, made the disclosure during an interactive session with members of the National Assembly in Abuja. The Minister, while pledging his readiness to work closely with ...

The Governor of Osun, Ogbeni Rauf Aregbesola has on Wednesday paid compensation worth over N302 million to people whose property will be separated due to the ongoing road construction of Olaiya/Ita Olokan in Osogbo. The Governor stated that his administration will not renege on his electioneering promises to make life meaningful and abundant for the people of the state. Aregbesola ...

The last has not been heard of the crisis brewing between 1004 Limited and residents of the estate, as the duo have resorted to the Nigerian Police Force for intervention. The feud is getting messier as both parties are jostling to undo each other. While the manager is raising the alarm over the failure of the residents to honour their ...

The federal government has said that it will create seven additional rail corridors of standard gauge railways under the public-private partnership (PPP) initiative, as part of its efforts to modernise and expand railway transportation in Nigeria. This is as the government said it will soon sponsor five bills for passage by the National Assembly in order to open the space ...

Ghanaian actor, John Dumelo, was given a royal title with  plots of land in Bamenda, Cameroon. The popular actor who was in the country for a philanthropic work was showered with a royal title. He also disclosed the royal title also came with plots of land. He captioned: “Thanks a lot to the people of Bamenda, Cameroon. Was given this beautiful regalia to ...