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Two years after Badia demolition, families still seek compensation

Just like any other parent, Mr. Babatunde Ogunyemi’s aim has been to have family that would always be together to celebrate every festive period. For Ogunyemi, his joy has been to watch his children grow with high model of moral social values in them. Unfortunately, these wishes were cut short on February 23, 2013, when the Lagos State Government demolished ...

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Investors and developers predict vibrant post-election real estate sector

For a number of reasons which include the persisting housing deficit estimated at 17 million units, rising urbanisation and evolving scenarios that are likely to stimulate supply, investors and developers are optimistic that the real estate sector in Nigeria will become vibrant again after the general elections slated for next month. Presently, the sector, on account of political activities and ...

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Property destroyed by fire in Balogun market

In the early hours of Monday, January 12, the popular Balogun market in Lagos was said to been engulfed by a raging inferno that destroyed property worth thousands of Naira as the fire razed some shops in the market. Mr Ibramhim Farinloye who is the Spokesperson for the National Emergency Management Agency (NEMA) Southwest said “At 04:36 hours, there was ...

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Nigerians spend over N310bn on Dubai vacation

Three-hundred-thousand Nigerians spent about N310 billion on vacation in Dubai, the United Arab Emirates (UAE), in December, 2014, more than the annual budgets of a majority of the states in Nigeria. BusinessWorld Intelligence reveals that they spent about N60 billion on flights, N9 billion on visas, N120 billion on accommodations and N110 billion on shopping. A source in The First ...

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Ondo to begin repair of 100 roads

The Ondo State Governor, Dr. Olusegun Mimiko, will today (Monday) signal the commencement of general rehabilitation of roads across the state. The Commissioner for Information, Mr. Kayode Akinmade, said in a statement on Sunday that 100 roads would be rehabilitated in the first phase of the project, which will be carried out in the three Senatorial districts of the state. ...

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BCPG explains the concept of ‘Storey Building’

The Building Collapse Prevention Guild has said it is important to understand the meaning and concept of storey building that has long been confusing to construction practitioners. The body said in a statement signed by its President, Mr. Kunle Awobodu, that understanding the use of the word ‘storey’ in building construction would help to distinguish different heights of buildings for ...

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Aregbesola blamed for poor roads in Osun

Aregbesola Commissions State-Of-The-Art Anthony Udofia School

The Chairman of the Peoples Democratic Party in Ife-North Local Government Area of Osun State, Mr. Lekan Obisakin, has berated the state government headed by Rauf Aregbesola over alleged neglect of community roads in the state. Addressing members of the PDP, who contributed a sum of N20m to grade a 49 kilometre road linking many towns in the council at ...

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Politicians sell property to raise funds for elections

In a desperate bid to raise funds ahead of February general elections, politicians seeking or sponsoring candidates for elective posts have started selling their property in major cities of the country such as Lagos, Abuja and Port Harcourt. According to a report by PUNCH, the development had crashed property market value as the politicians reduced the cost of their property ...

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Ogun promises to refrain from demolishing properties in Ado-Odo/Ota LG

The Ogun State Government has reassured residents of Ado-Odo community in Ado-Odo/Ota Local Government area that necessary steps will be taken to accommodate existing structures on acquired land in the area, but warned them to stop further construction on the land to avoid demolition. The Chairman, Board of Directors, Ogun State Housing Corporation, Alhaji Bashiru Fadairo, stated this at the ...

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Fashola cuts rates on land transactions to woo investors

Federal Government to spend N270 billion for repair of 50 bridges

In a move aimed at wooing investors towards further strengthening the economy of Lagos at a time falling oil prices are pushing some states towards insolvency, Governor Babatunde Fashola has signed an executive order slashing rates applicable to land transactions in the state. The governor’s action is a response to public outcry against difficulties associated with land transactions in Lagos, ...

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