Real Estate News

The Governor of Osun State, Ogbeni Rauf Aregbesola, on Monday commissioned a N750 million worth Wole Soyinka Government High School in Ejigbo. It was the first of its category in the mega schools series under the education reform programme of the Aregbesola government. The Nobel Laureate described the school as an emphatic rejection of what Boko Haram insurgents preach. Soyinka ...

A former lawmaker representing Ilaje/Ese-Odo federal constituency at the House of Representatives, Agboola Ajayi may any moment from now forfeit his property worth over N1b to the United Bank of Africa (UBA) over loan. This according to a source followed his alleged inability to refund an N200m loan granted him by the first generation bank. The property, sources said include ...

About 150 participants drawn from the affordable housing value chain rose from a two-day affordable housing sector dialogue last Thursday with a call on government and developers to consider doing more in the provision of housing for the low income earners. It is said that one-third of the world’s urban population lives in slums. In Nigeria, the low income population ...

Kano State governor, Abdullahi Ganduje, on Monday presented a N275 billion 2016 budget, tagged “Budget of Self Reliance”. While presenting the budget, he reiterated on his pledge to infrastructural projects and others, stating that in his inaugural speech on May 29, he stated that the direction of his administration would be hinged “on continuation, consolidation, fine tuning of ongoing critical ...

Mrs. Mercy Torkwase Iortyer becomes the first female president of NIQS as she was on Saturday sworn-in as president of the Nigerian Institute of Quantity Surveyors. The investiture was done at the grand finale of the institute’s 26th Biennial Conference and General Meeting in Lagos. Mrs. Iortyer, first female to occupy the seat succeeds Murtala Aliyu, former Minister of State ...

According to MCO Real Estate’s recent report, Nigeria’s real estate market has been mostly quiet this year with only a few big ticket transactions taking place due to some unavoidable real estate challenges Munachi Okoye, Managing Director, MCO Real Estate told CNBC Africa that the fundamentals of the Nigerian economy have not changed and this would positively impact the real ...

The Road Transport Employers Association of Nigeria, Cross River chapter, says it has lost 36 of its members to accidents on the bad road linking Odukpani and Itu in the last three months. Victor Okon, Chairman of the association, made this known in an interview with the News Agency of Nigeria in Calabar on Sunday. He attributed the deaths to ...

The Borno State government has completed plans to evacuate over 5,000 of its indigenes who are in displaced persons’ camps, IDPs, in neighbouring Adamawa camp. The Borno Deputy Governor, Usman Dukuwa, disclosed this to journalists in Yola after he visited the displaced persons. “l am here on the instructions of the governor to see our over 5000 IDPs; and he ...

Mr. Shehu Mallam Mikail has said that “ Merging ministries of works/housing with power, which requires enormous work, investments, supervision and regulation to enhance electricity generation would not allow for efficiency in the system. This type of merger would pave the way for conflict and contradiction in administrative procedures.” He said this in a chat with Sunday Vanguard in Lagos, ...

Construction giants, Julius Berger PLC and RCC, are back on site in continuation of the re-construction of the N167 billion Lagos-Ibadan express way. The presence of workmen became more noticeable at the Redemption Camp and Arepo areas at the Lagos end of the road. While palliative works were ongoing at the failed spots in the Redemption Camp area of the ...