Real Estate News

Fire on Tuesday razed the top part of NITEL building now known as Bankole house, located along Marina, Lagos. The fire started around 4.30 pm but the cause was still unknown as at press time. Similarly, the extent of damage could not be ascertained. Daily Trust gathered that rescuers from Federal and State fire service as well as the police ...

The Minister of Power, Works and Housing, Babatunde Fashola, says the Federal Government will re-introduce highway tolling to raise additional funds to finance road infrastructure and ensure efficient road maintenance. Mr. Fashola said this on Tuesday in Abuja during his first news conference tagged “Setting the Agenda for Delivering Change”. He said that adequate funding of the nation’s road infrastructure ...

The Nigerian Institution of Structural Engineers and the Building Collapse Prevention Guild (BCPG) have called for synergy among the seven professional groups in the built environment to tackle various challenges confronting the industry. According to them, it would take cooperation for the construction industry to attain success in addressing some of the issues in the industry, particularly building collapse. The ...

Contract For The Construction (NBCC) has officially signed a contract for the construction of its N450m plaza. The Plaza, a four-storey edifice, located at the Chamber’s secretariat, Lekki Phase1, is to be completed in 50 weeks. It was designed to accommodate an events centre, shopping centre, two training suites, meeting rooms, office and will host foreign trade delegations from the ...

Governor Jibrilla Bindow of Adamawa said his administration had awarded contracts for the rehabilitation of 46 kilometres of road networks in Yola, Jimeta and Mubi since his inauguration seven months ago. He stated this while interacting with some editors in Yola, the state capital. Mr. Bindow said that most of the roads across the state were in disrepair when he ...

Former President, Nigerian Institution of Estate Surveyors and Valuers (NIESV)  Bode Adediji has said replicating FESTAC town is no longer feasible. He said what the government needed to do is to have the right policy and enabling environment for the private sector to thrive in the real estate sector by liberalising land and property ownership through the reduction of bureaucracy ...

A prosecution witness, Abu Sule, on Monday told a Federal High Court, Abuja, that he was used as a proxy by former Gov. Ikedi Ohakim of Imo State to acquire N270 million home in Abuja. Mr. Sule gave the evidence at the resumed trial of Mr. Ohakim on charges of money laundering and false assets declaration preferred against him by ...

A serial entrepreneur and Real Estate key player, Mr. Debo Adejana has said that the price raise of construction raw materials by Governor Fayose of Ekiti state is a direct infringement on the people’s pocket stating that the move is a case of double taxation. As much as the housing deficit in Nigeria remains at an almost stand still despite ...

Hundreds of residents of Amuzu community in Ezza South Local Government Area of Ebonyi State have protested plans by the state government to take over a vast expanse of land belonging to the community. Reports said the state government was planning to use the land, among many other hectares of land across the state, for mechanized farming to improve the ...

The Rivers State Government has renamed the Liberation Stadium, Port Harcourt, as the Yakubu Gowon Stadium, Port Harcourt, in honour of former Head of State, Yakubu Gowon. The 30,000 capacity stadium which has been serving as home ground for Nigeria Premier League side, Dolphins FC, for over two decades has also hosted matches involving the various national teams including the ...