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Real Estate News

Ekiti commences work on N8.9bn boundary road


The Ekiti State Government has begun work on the construction of Ado-Osun State boundary road valued at N8.9bn. Governor Kayode Fayemi began the construction work on Thursday by formally handing over the first phase, the new Ado – Iyin Road construction project, to the Chinese Civil Engineering Construction Company Nigeria Ltd to commence work on the road which was originally ...

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Manufacturers urge FG to fix infrastructure


Manufacturers in the real sector have urged government across all levels to improve the quality of infrastructure in the industrial areas. The operators in a chat with our correspondent argued that the industrial sector depends heavily on constant power for production and good road network to facilitate logistics, stressing that all of these issues affect competitiveness of the real sector. ...

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Fire destroys building, vehicles in Lagos


A midday inferno, on Thursday, razed a building on No. 15 Adebiyi Street, Magodo Phase 1, Lagos State, destroying properties worth millions of naira. According to eyewitnesses, the fire started around noon and razed two flats on the upper floor of the one-storey building. The inferno could have wreaked more havoc but for the timely intervention of the men of ...

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Estate developer implores Nigerians to imbibe habit of tree planting


To mark the 2019 International Day of Forests (IDF) celebrated annually as tree planting day, members of Hall 7 Real Estate Management has called for massive sensitization of Nigerians on the need to preserve the environment through planting of trees. The chief executive officer of Hall 7 Real Estate, Mr. Olayinka Braimoh, stated this while speaking to journalists during tree ...

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FEC approves construction of new building for Adamawa State University


The Federal Executive Council (FEC) has authorized the construction of a new faculty building at Adamawa State University, Mubi. This was revealed Wednesday by the Minister of Education, Adamu Adamu, at the end of the meeting of the council which held at the Presidential Villa, Abuja and chaired by President Muhammadu Buhari. The new building, which is for the Faculty ...

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Niger Govt. to spend over N5bn on Madalla market relocation


Niger state government had approved the relocation of Madalla Market situated along Kaduna-Abuja expressway in Suleja Local Government Area of the state. Alhaji Mudi Muhammed, the state Commissioner for Investment, Commerce and Industry, who disclosed this on Thursday in Minna, said that the decision was approved by the state Executive Council. He explained that the market would be relocated at ...

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Firm’s Ikoyi property C of O gets nullified by court

C of O

The Court of Appeal, Lagos Division has nullified the Certificate of Occupancy (C of O) given by the Federal Government to Sunnyvale Nigeria Limited in respect of a parcel of land situated at Plot 25, Block 6, Ikoyi Foreshore, Lagos. The appellate court, in a lead judgment by Justice Ugochukwu Ogakwu, on March 6, 2019, restrained Sunnyvale Nigeria Limited, its ...

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