Real Estate News

A youth group, the Mangrove Boys Brigade of Bayelsa State, has given the state chapter of the All Progressives Congress (APC) a 15-day ultimatum to vacate the property it is using as state secretariat or face the wrath of the people. And to show its seriousness, the group has said that it has officially written to President Buhari, urging him ...

A new resort centre, Address Resorts Abuja Centenary City, is set to boost Nigeria’s industrial status‎ as construction gets underway for the completion of Address Hotels and Resort in Abuja. According to a statement issued to THISDAY, the project by Eagle Hills, a global developer of iconic real estate assets, is a core component of the Abuja centenary city, “A ...

The Lagos State Government says it is set to combat the menace of street trading and hawking within the metropolis. This, the Ministry of the Environment noted in a statement, was part of efforts to attain a cleaner and healthier environment. The Permanent Secretary in the ministry, Mr. Oluwatoyin Onisarotu, was quoted as saying that traders that failed to abide ...

LafargeHolcim says it has developed a technical training programme for members of the Nigerian Institute of Building and construction artisans to enable them acquire relevant skills to check the menace of building collapse in the country. The representative of the company, Tope Arowolo, who spoke at the 45th Builders’ Conference and Annual General Meeting of the NIOB held at the ...

Nigeria Mortgage Refinance Company (NMRC) will seek approval from members by month-end to raise additional equity capital of 28.5 billion naira ($143 million) through a shelf registration programme, the state-backed mortgage agency said on Monday. NMRC set a price range of 4.50 to 7 naira per share for the first tranche of equity to be raised under the programme worth ...

The Chairman, Sparklight Group, a real estate development group of companies, Chief Toyin Adeyinka, has described Ogun State as investors’ destination of choice. Adeyinka, in an interview with journalists, said the state government had given priority to infrastructural development, the provision of affordable housing and creation of more jobs for the people. He said the development had attracted his company ...

Stakeholders in the built environment, who spoke at the recently concluded three-day Abuja Housing Fair, which was organised by FESADEB Communications Limited, said that there is a need for a regulatory framework that will prescribe the prices at which houses should be sold in the country. They noted that the move would eliminate excessive profiteering by landlords and property developers. ...

The property market in Nigeria will by the turn of this year, when many on-going developments will be completed, take delivery of over 70,000 square metres (sqm) of retail space located in various parts of the country. This number is expected to come from the 13,000sqm Owerri Mall in Imo State, 11,000sqm Circle Mall in Lekki, Lagos State, 13,000sqm Festival ...

IMO STATE: Following the recent prediction by the Nigerian Meteorological Agency (NIMET) on possible flooding later this year, the National Emergency Management Agency (NEMA), Imo State operations office, has warned Imo residents living in flood prone areas to be conscious of their environment and report any overflow of their river to appropriate authorities. The Imo State Coordinator NEMA, Dr Innocent ...

No fewer than 95 cases of killings were reported to the Commission of Inquiry set up to investigate politically motivated killings and damage to property in Rivers before, during and after the 2015 general elections. According to a report by Daily Trust, the final report of the Commission of Inquiry came out with startling revelations which showed the killings occurred ...