Real Estate News

The Central Naval Command, CNC, in Yenagoa, on Sunday destroyed 50 illegal oil refining camps and 150 drums of locally refined diesel at Asiagbene in Delta. The News Agency of Nigeria reports that CNC conducted the operation in collaboration with Nigeria Navy Ship, NNS, in Burutu Local Government Area of Delta. Real Admiral Apochi Suleiman, the Flag Officer Commanding, Central ...

Mövenpick Hotels & Resorts will debut in three new African markets over the next four years as its plans to establish a presence in key cities across the continent’s thriving Sub-Saharan region come to fruition. In a move that will take its Africa portfolio to 28 properties strong, the expansionist Swiss hospitality brand will open three upscale hotels across Kenya ...

Adenuga’s In-law killed yesterday during a Land tussle. The Managing Director of Lekki Worldwide Investment Company, Mr. Tajudeen Disu, who was in charge of the Lekki Free Trade Zone, was killed Monday morning in Lagos during a community uprising. Disu was the father of Jameel Disu who is married to Bella, the second daughter of business mogul and Chairman of ...

Lafarge Africa Plc, a member of the LafargeHolcim Group, has launched the Lagos State Chapter of its Housing Microfinance Academy, which is to provide capacity building to Microfinance Banks to enhance accessibility of housing credits for the low to middle income segments of the society. The move, which is a corporate social responsibility of the group, is aimed at allowing ...

The Borno State Government on Sunday said it would partner the Federal Housing Authority, FHA, to rebuild communities ravaged by Boko Haram insurgency. The state governor, Kashim Shettima, made the disclosure while receiving FHA Managing Director, Muhammad Al Amin, who visited him in Maiduguri. “There is no better time than now for this kind of partnership towards rebuilding structures destroyed ...

Shell Petroleum Development Company, SPDC, on Sunday confirmed that its flow station in Bayelsa was attacked by suspected gunmen on Friday. Confirming the incident in a statement by its spokesperson, Joseph Obari, Shell said investigation into the incident was underway. “There was an armed attack on a Joint Task Force (JTF) sentry post at Kolo Creek Flow Station on October ...

Mr. Gimba Kumo, Managing Director, Federal Mortgage Bank of Nigeria (FMBN), said 17 to 20 million housing units were needed to address the housing deficit in the country. Kumo said this in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja. He also listed ways of addressing the housing deficit in the country. “We are all ...

The Central Bank of Nigeria on Saturday said it would provide assistance to farmers in Kebbi affected by the recent flooding in the state, to enable them engage in dry season farming. A staff of the bank, Paul Eluhaiwe, who led a delegation of the apex bank to Governor Atiku Bagudu of Kebbi to commiserate with flood victims, said the ...

A recent BBC Africa Debate saw a number of Ghanaian entrepreneurs, leaders and members of the public discuss the definition of the middle class in the country. How do you define an African Middle Class? According to the African Development Bank (AfDB), 46% of Ghanaians are now classified as middle class compared to a continent-wide average of 34.3%. The debate, ...

The Kogi State Government, on Wednesday, ejected people it described as illegal occupants of the post-flood housing estate in Lokoja, while it also seal off the premises. You would recall that Victims of the Kogi flood disaster had lamented on their inability to secure accommodation at the Post Flood Housing estate The Deputy Governor, Mr. Yomi Awoniyi, said the decision ...