Real Estate News

The Nigerian Institution of Estate Valuers (NIESV)’s Faculty of Housing, has announced the fourth edition of its annual summit. The theme for this year’s summit, which holds on November 19, at the Nigerian Air Force (NAF) Conference Center & Suites, Abuja is “Effective housing delivery models through community development.” The 2015 Conference chairman, Elder Biodun Odeleye, explained that the NIESV’s ...

The permanent secretary, Federal Ministry of Lands, Housing and Urban Development, Mr George Ossi, has enjoined professional bodies in the building and construction firms to emulate the oil and gas industry by jointly working together to establish and enforce appropriate certifications for its members. Ossi, who stated this in Abuja during the maiden edition of Builders Congress organised by the ...

Nigeria’s largest electricity generation company, Egbin Power Plc, has said it plans to expand its staff quarters in keeping with its commitment to staff welfare and ensuring optimal performance at the plant, which accounts for about one-quarter of the nation’s total generation capacity. This planned expansion, the company said, is in addition to ongoing upgrade of the Housing Estate, which ...

The Minister of Transportation, Rotimi Amaechi, has pledged to complete all ongoing rail projects around the country and extend rail lines to all parts of the country. Mr. Amaechi made the pledge during his first day in office as minister shortly after his inauguration by President Muhammadu Buhari in Abuja on Wednesday. He said he would resume work fully on ...

As part of efforts in making houses affordable for Nigerians, the Federal Government has commenced the construction of 150 units of two and three-bedroom flats in Akure, the Ondo State capital. The project, which is being handled by Meadville Building and Construction Company, is expected to be completed within the next three months. Speaking during the inauguration of the programme, the ...

The Kano State Governor, Abdullahi Ganduje, has laid 1,000 millimetre water pipes, as part of efforts to supply water to areas where it has been scarce. Governor Ganduje while supervising the exercise, the Governor said that his Government remained determined to ensure that water reaches all parts of the state. The laying of additional water pipes in Kano State started ...

Ahead of the Paris summit, the Green Climate Fund (GCF) Board has approved USD 168 million of GCF funding for projects and programmes worth USD 624 million, marking the end of its launch phase and kick-starting the flow of climate finance through the Fund to developing countries. The GCF, which was set up by 194 governments party to the UN ...

The state government has commenced the process of reallocating the over 2, 000 Ayobo allottees, under Alimosho Local Government Area of Lagos, whose homes were demolished between July and August 2007, by the immediate past administration in Lagos. The victims’ homes had been demolished over the pretext that the location where the property was situated is government acquisition landed property. ...

One of the leading national mortgage institutions in the country, Jubilee Life Mortgage Bank Limited, has announced that Kings Court II Abesan Estate project in Lagos is undergoing finishing touches. The construction work on the project commenced a couple of months ago, being financed by the bank. It comprises blocks of six units of three bedroom flats with all rooms ...

Nigerian Deposit Insurance Corporation (NDIC) has succeeded in moving the Court of Appeal, Lagos, to set aside a ruling of a Lagos High Court, which held that the corporation’s suit on the lingering crisis on the ownership of an imposing complex, popularly known as Fortune Towers, situated at No. 27/29 Adeyemo Alakija Street, Victoria Island, Lagos, was an abuse of ...