Real Estate News

The real estate sector is beginning to count its loses following the state of the nation. Reported on Leadership this morning, Angry youths from Anguwan Rogo and Zinaria community in Jos North local government area of Plateau State yesterday went after a Peoples Democratic Party (PDP) member and the PDP governorship campaign coordinator for Jos North, Muhammed Adam, after he ...

The development of 720,000 housing units required annually to bridge the national housing deficit of about 17 million units can potentially generate 12 million jobs in the country every year. Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Mr Gimba Ya’u Kumo, made this submission, recently, at the commissioning of 102 units of the ministerial pilot housing scheme ...

There is a current rancor arising from property feud in the home of late Abdul-Azeez Atta, the first Head of Service of the Federation under the then General Yakubu Gowon-led administration. The first-born of the family, Olusegun Atta, has instituted a law suit against his own mother, Mrs. Iyabo Atta, and his other siblings, over an alleged attempt to sell ...

The Minister of Niger Delta Affairs, Stephen Oru, on Tuesday commissioned a 40 housing units project at Umuagwo, Imo state, which was fully funded by the federal government saying that the project was designed to improve the well-being of indigenes of the region. Oru stressed that the housing unit consisted of 20 three-bedroom and 20 two-bedroom apartments. He said that ...

The Peoples Democratic Party governorship candidate in Lagos State, Jimi Agbaje, says in order to meet the growing demand for accommodation in Lagos State, he will make the cost of land virtually free if elected governor. Agbaje said this at a fundraising dinner titled, “An evening of interaction and dinner with Jimi Agbaje” in Lagos. He said Lagos had a ...

A witness before the Lagos Coroner court, Mr. Joseph Folayan, on Wednesday picked holes in the report presented by the Lagos State Material Testing Agency, LSMTA, which asserted that the collapsed guest house within the Synagogue Church of All Nations, SCOAN, was caused by foundation defect. Testifying before the coroner judge, Mr. Oyetade Komolafe, Folayan disclosed that from investigation carried ...

In what has become a new trend in the nation since the devaluation of Naira, landlords and schools in various parts of the country have been demanding payment in dollars. And now, The Central Bank of Nigeria has frowned at the growing practice of trading goods and services in foreign currencies instead of the Naira in Nigeria. The Bank’s governor, ...

In its bid to provide affordable and quality houses for the residents, the Ogun State Housing Corporation has completed 76 different units in the past one year. The General Manager, OGSHC, Mrs. Olajumoke Akinwunmi, disclosed this in Abeokuta while briefing journalists on the activities of the corporation, explaining that the houses would be inaugurated today (Monday). The Plainfields Estate, according ...

Undeterred by several hiccups bedeviling the execution of a Supreme Court judgment, which backed the release of 549 plots of landed property in Shangisha-Magodo Town Scheme II, Ikosi-Ketu Local Council Development Authority (LCDA), Lagos State, to the original owners of land in the affected neighborhood, a fresh move to possess the land has begun. Represented by Chief Adebayo Adeyiga and ...

At the investiture ceremony of the 14th state chairman and the inauguration of the state chapter executive at the weekend in Lagos, the thirteen newly inaugurated executive members of the Nigerian Institute of Town Planners (NITP), Lagos State Chapter was urged to follow the path of professionalism in carrying out their official engagements and responsibilities, even as town planning has ...