Real Estate News

The immediate past Chairman of the Lagos State chapter of the Nigerian Institute of Quantity Surveyors, NIQS, Mr. Olayemi Shonubi has attributed the high cost of procuring civil and heavy engineering projects in Nigeria to the non-utilisation of quantity surveyors who by training are equipped to give value for money on all construction projects. He also blamed the plethora of ...

A 37-year-old weapon researcher and graduate of Chemistry from the University of Maiduguri, Mr. Biedomo Iguniewei, has said that the collapsed six-storey building within the premises of the Synagogue Church for All Nations could have been felled with a high energy infrasonic radiation. Iguniewei on Monday told the coroner probing the circumstances surrounding the September 12 tragedy that he was ...

Investors in the Eko Atlantic and residents of the areas adjoining it can now behold the beauty of the new city emerging from the ocean following the unveiling of special street lighting that illuminates the skyline at night. The developers of the city say from Ahmadu Bello Way on Victoria Island and the Marina on Lagos Island, the first residential ...

A new statistics released last week by Nigerian Building and Road Research Institute (NBRRI) shows that Nigeria ranks very low in road network and housing in the comity of nations. The Director General/CEO, Nigerian Building & Road Research Institute (NBRRI) Prof Danladi Matawal made this declaration during this year’s Public Lecture of the Nigerian Academy of Engineering which held at ...

The Federal Government on Tuesday officially commenced the construction of 100,000 mass housing units for workers across the country. According to the government, the houses will be for workers in all states of the federation, adding that it was collaborating with the Nigeria Labour Congress and the Trade Union Congress on the project. President Goodluck Jonathan said this while performing ...

Distributors and developers have accused the management of Dangote Cement Plc of silently increasing the price of its product to N1,745 per a 50kg bag instead of the N1,000 that it announced early last month. Although the firm did not formally announce any increase in price, our correspondent gathered that it sent out text messages to its distributors on Monday, ...

Mrs. Olanike Olaribigbe, the owner of Felab Marine Venture, has been forced to vacate her house due to a debt she could not pay back, and she is pleading for help. The house, a four-bedroom building in the Mowe area of Ogun State, had been taken over by Olaribigbe’s creditors over a N12m debt. She has since taken solace in ...

Governor Abiola Ajimobi of Oyo State on Monday opened the reconstructed Agodi Gardens, saying that it has the potential to generate over N500 million to the state government annually. The Gardens, now renamed “Agodi Resort and Conferences” is sited on 62 hectares of land in-between the State Government Secretariat and the popular Premier Hotel in the heart of Ibadan. Governor ...

The Federal Government, last weekend inaugurated the Technical Board, TB and Interim Management Board, IMT, of the Federal Housing Authority, FHA, with a charge to turn around the dwindling fortunes of the authority in the next 18 months. The Government said it is dissatisfied with the performance of the agency which has failed to fully achieve its mandate since inception ...

A 47-year-old tenant, Onyekwere Micheal, has been arraigned before an Ebute-Metta Magistrate’s Court in Lagos for impersonation. The defendant was arraigned on three counts bordering on impersonation and unlawful possession of army accoutrement. It was gathered that Micheal, between September 2013 and November 27, 2014, with the intent to defraud, presented himself as a member of the Nigerian Army. We ...