Real Estate News

The Edo State Government has completed plans to construct a bus terminus at 3rd Junction, Murtala Muhammed Way by Sokponba Road, in Benin City, in a renewed drive to ease movement around the city. The project is being developed by the state government through the Edo State Development and Property Agency (EDPA). Executive Chairman, EDPA, Isoken Omo, in a statement, ...

A Federal High Court in Abuja has approved an interim forfeiture of property worth N209 million belonging to a Nigerian civil servant. According to a statement signed by the spokesperson of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Rasheedat Okoduwa, Justice Muawiyah Idris of the High Court sitting in Nyanya, Abuja granted the order. According to the ...

Shelter Afrique, a non-governmental organisation, is to invest 180 million dollars in five years toward addressing Nigeria’s housing deficit, its Managing Director, Andrew Chimphondah, said on Tuesday in Abuja. Mr. Chimphondah told the newsmen that the investment period would span from 2019 to 2024. He said that Nigeria was a strategic market for Shelter Afrique, adding that the outfit’s shareholders ...

Suspected hoodlums invaded the All Progressives Congress secretariat in Benue State in the early hours of Sunday, destroying some valuables, including documents, computers, windows, and doors. The hoodlums were said to have invaded the office located on the Joseph Tarka Way, Makurdi, the Benue State capital, around 4am on Sunday and forcefully removed the window bars to gain access to ...

POWER SECTOR – Osinbajo’s spokesman, Laolu Akande, in a statement in Abuja, said the vice president spoke at the commissioning of the 2x60MVA, 132/33KV substation and associated 132KV transmission lines in Abeokuta, Ogun State on Thursday. Vice President Yemi Osinbajo says the Federal Government’s power sector reforms are already yielding results as steady progress is being recorded in power generation, ...

The immediate-past governor of Imo State, Rochas Okorocha, has expressed outrage over the confiscation of one of his personal houses by the state government. He threatened that he could no longer hold on and see his successor, Emeka Ihedioha, continue to ridicule him. Okorocha, speaking on telephone with our correspondent, alleged that the Secretary to the State Government, Uche Onyeagucha, ...

Nigerian singer, Wizkid’s bodyguard, Roy, has acquired a new property. Roy recently acquired a new house as he called himself a landlord on social media. The bodyguard shared a photo of his new property on social media Several young talents might be finding it hard to break into the entertainment industry even though they cannot wait to be a part ...

Real Estate Developers Association of Nigeria, (REDAN), South-East zone, has reached a collective agreement to host a major Housing Summit and Exhibitions next month. The Summit tagged Akulueuno 2019 – will hold on Wednesday, September 4, 2019, at the Kobb Civic C`enter (Shoprite), Polo Park Mall, Enugu. The Summit packaged in collaboration with Goldspectra Communications Network promises to be very ...

Housing professionals and other experts in the built industry would gather in Lagos for a summit of suppliers of construction products from around the globe with the aim of reducing the huge gap between demand and supply in the nation’s housing value chain. According to the organizers of the event, ‘Big Five Construct Nigeria’, about 100 international companies and over ...

Properties worth millions of naira were destroyed last week Tuesday at Uwelu motor spare parts market in Benin, the Edo state capital when fire razed down over hundred shops at the market. It was gathered that the fire which started late Monday night, lasted till early hours Tuesday, before it was put off by combined efforts from fire service and ...