Real Estate News

An official has said that Nigeria needs N23 billion annually to meet its infrastructure financing needs. Adekunle Oyinloye, the Chief Executive of The Infrastructure Bank, TIB, who disclosed this at a press conference in Lagos at the weekend, said that infrastructure decay in the country was massive and required huge funding. He said that the Federal Government, through the National ...

The residents of the 10 estates around Jakande Roundabout in Lekki, Lagos State, said RMB West Port, owners of Circle Mall, should provide them alternative routes before it opens its mall on December 17. The residents from the 10 estates from the area said that this would enhance effective traffic control. They told the News Agency of Nigeria in Lagos ...

The Chairman of Ondo State Board of Internally Generated Revenue, IGR, Akin Akinsehinwa, said on Sunday that the state generated not less than N10 billion between January and November. Mr. Akinsehinwa, who disclosed this to the News Agency of Nigeria in Akure, said that the amount was 85 per cent of the amount targeted for the year. He said that ...

The Publishers of the Lifestyle magazine, Genesis International have named IG of police, Mr. Solomon Arase the Genesis Magazine’s “Man of the year for 2015”. During a briefing, the publisher, Dr. Yomi Agababiaka, while urging other members of the force to emulate the IGP’s dedication to duty observed that the choice of Arase as its “Man of the year for ...

Akwa Ibom state works commissioner, Mr. Ephraim Inyang-eyen has told Premium Times that the Akwa Ibom State Government has awarded road contracts worth over N100 billion during the first six months Governor Udom Emmanuel’s administration. Already, Mr. Inyang-eyen said the governor has received the approval of President Muhammadu Buhari to construct Federal Government’s roads in the state. “The road contracts ...

Ekiti State Governor, Ayodele Fayose, has raised the prices for raw materials for construction such as sands and gravels in an attempt to settle the prolonged crisis over the new tax regime imposed on tippers owners in the state. With the development, the price of a tipper-load of sand has moved from N12,000 to N14,500 while the new approved price ...

Demand for cement will be driven by building of infrastructure and housing development, Executive Director, BUA Group, Kabiru Rabiu has said. He also predicted that cement price will remain stable in the short term and gradually drop in the medium term. He said the firm’s target is to increase its capacity to 10 million metric tonnes per year by 2018. He ...

An Ado-Ekiti High Court has restrained the Ekiti State government and its Housing Corporation from ejecting the embattled residents of Irewolede Estate, pending its ruling on December 9. Governor Ayo Fayose served a notice to eject those who fail to complete their mortgages  by November 30. The defaulters were to be ejected from yesterday. Those ejected on August 5 were ...

President Muhammadu Buhari will be in South Africa, Thursday to participate in the Forum on China/Africa Cooperation (FOCAC) taking place in Johannesburg, December 4-5. A statement by the Senior Special Assistant to the President, Garba Shehu, said the President Buhari would at the forum follow up on his meeting with the Chinese leader Xi Jinping, which took place on the ...

The National Emergency Management Agency says over 410 births and 187 marriages were recorded at Internally Displaced Persons Camps in Borno and Adamawa in August and September. This is contained in a statement issued by NEMA and made available on Wednesday in Abuja. The statement quoted Muhammad Sani-Sidi, the Director-General of NEMA, as disclosing this when members of “Bring Back ...