Real Estate News

The Lagos State Government has approved the construction of flyover bridge for two of the State’s high-density traffic zones, Ajah round about and Abule Egba junction. The two major projects were approved by the State’s Executive Council and have been duly awarded to contractors for a speedy commencement of work. In a press release issued yesterday December 13th by the ...

The Nasarawa State governor, Umaru Al-Makura, on Friday inaugurated the construction of an international cargo airport worth N17.5 billion in Lafia. The governor laid the foundation stone for the project at Kwandere village, about 10 kilometres from Lafia metropolis. He said the conception of the airport was informed by the desire of his administration to create a formidable platform for ...

Strong indications emerged last week that the slowdown in Nigeria’s property market for four successive quarters (from Q4. 2014 –Q3.2015) may have begun to take its tolls on the value of assets held by banks for the various facilities granted different classes of borrowers. Banking industry watchers believed the erosion of values of some of the assets acquired by banks ...

The President of African Development Bank (AfDB), Akinwumi Adesina, says African countries need $100 billion annually to close infrastructure financing gap. Mr. Adesina disclosed this in an interview with the News Agency of Nigeria on Sunday in Abuja. He said that the bank had invested a lot in infrastructure, adding that the aim of the bank was to connect African ...

Pastor Bassey James, who is the senior pastor of the Royal House of faith, Lekki, is one person that is enthu­siastic to see the Jakande’s magic in mass housing re-created. He opines that doing this would create large number of jobs. In this interview, James, who is also chancellor of the Akpabiosm Centre for Leadership Development, Uyo, bares his mind ...

The owners of the land acquired by the Ekiti State Government to build an airport have sued the state and demanded N650million as damages. The plantation farmers dragged the state government and Governor Ayo Fayose to court for what they described as “unlawful and forcible acquisition” of their land. In a suit number HAD/71/2015 filed before an Ado Ekiti High ...

In their bid to be globally competitive in the plant and machinery valuation practice, estate surveying and valuation practitioners in Nigeria recently went into  partnership with the American Society of Appraisers (ASA), to obtain an international certification. Though, known as valuation in Nigeria, some countries use the term, appraisal to define the act of estimating value for tangible and intangible ...

Speaking at the Institute of Directors, IOD annual Dinner, former Governor of Ogun State, Otunba Gbenga Daniel reiterated the need to shift attention from the dwindling oil  sector, noting  that the country had attained the level where the issue of unemployment should not be a social problem considering its numerous opportunities and resources. He called on the present administration to ...

The House of Representatives has ordered investigation into the activities of the National Drug Law Enforcement Agency (NDLEA) from year 2000 to date vis-a-vis the seizures and disposal and drugs, assets and properties of drug offenders. The House also urge the NDLEA to stop further destruction of seized drugs and the impending auction of the seized assets and properties of ...

  Governor Ambode, who spoke in Lagos at the first annual stakeholders’ forum organised by the Lagos State Waterways Authority, said the water transport mode, which is a critical part of the intermodal transport system of the government, would be developed with international best practices. The Governor, who was represented at the forum by the Commissioner for Waterfront Infrastructure, Engr. ...