Real Estate News

The Osun State Government has unveiled the 51st Ooni of Ife. He is Adeyeye Enitan Ogunwusi, a 40-year old real estate magnate and prince from the Giesi Ruling House in the town. The Secretary to the Osun State Government said the selection of the new Ooni followed the completion of all processes for the filling of the exalted stool. Mr. ...

An official has said that the immediate past Kano State Governor, Rabiu Kwankwaso, spent N4.1 billion of pensioners’ funds building houses the retired workers could not afford. The Kano State Commissioner of Information, Mohammed Garba, stated this on an Hausa discussion programme on Freedom Radio on Saturday evening. Mr. Garba said the ex-governor, now Senator, borrowed the N4.161 billion from ...

A real estate expert, Mr. Dipo Fakorede, has attributed the current lull in the sector to cash crunch and change of government at the federal level. He stated that Banks are not lending the the real estate developer or granting mortgage due to the new government policies. He said the incomes of estate firms and investors have been dwindling because ...

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According to Premium Times, a popular shopping mall at the central business district area of Abuja, Nigeria’s capital city, was razed on Friday afternoon. Witnesses said the entire shopping area was razed as customers and staff were seen fleeing the scene. A staff of the mall who spoke to Premium Times said at the moment no one could tell the ...

The Nigeria Police said it would take delivery of 200 units of the first batch of its housing scheme for its officers in December. Police spokesperson, AACP Olabisi Kolawole, made the disclosure in an interview with the News Agency of Nigeria (NAN) in Abuja on Thursday. “According to discussions and meetings that I have held with the Nigeria Police Force ...

Governor Ifeanyi Ugwuanyi of Enugu State has affirmed his readiness to engage the Federal Mortgage Bank in a strategic partnership to actualize his administration’s drive to provide houses to the state’s workers. The governor disclosed that he had already approved extension of his housing scheme programme for workers to local government council to enhance the living standard of workers in ...

What choices do you make when you want to paint the house, change the bulbs, check inside the ceiling, pick or put something far off on a shelve in your house or office? Do you use a stool, table or dangerous makeshift ladders? I’m certain I won’t be so far from the truth to say many people would agree that ...

The Ministry of Works has said that the contractor handling Section II of the Lagos-Ibadan Expressway reconstruction and expansion project, Reynolds Construction Company, RCC, was facing challenges of finance, adverse weather and impatience of motorists. Mr. Nelson Olubakinde, the representative of the Ministry, told newsmen in Ibadan: “The construction company (RCC) is facing challenges of finance, weather, especially rain, and ...

DIA, the Spanish supermarket brand, is expanding further in West Africa, with its Nigerian operator planning to open more than 100 stores by 2020. Two outlets have already opened in Lagos and Samuel Abiola-Jacobs chief operating officer at First Master Retailers Ltd, the Nigerian company that owns the local rights to run DIA stores, indicated that more could be added ...