Real Estate News

A young man working at a building site in Ikirike, Enugu South Local Government Area of Enugu State, reportedly died on Monday after an underground foundation collapsed on him. The incident happened near Ikirike police station in Enugu. The deceased has been identified as Chidera from Ngbo, Umuogudu oshia, in ohaukwu local government area of Ebonyi State. READ ASLO: Engineer ...

Some members of the National Youth Service Corps (NYSC), serving in Oba Community in Ayete, Ibarapa North Local government area of Oyo State, have commended the World Bank and the Oyo State government for their intervention in the accommodation challenges facing them in the area. The Oyo State government through the Agency, Oyo State Community and Social Development Agency (CSDA) ...

Lagos State Governor, Akinwumi Ambode on Monday unveiled the newly constructed Layby on Allen Junction to decongest traffic on Obafemi Awolowo Road in Ikeja, Lagos, Southwest Nigeria. The governor, who was represented by the Commissioner for Transportation ‘Ladi Lawanson, said the project had been created to respond to the traffic congestion and gridlock usually occasioned along the axis due to ...

The Economic and Financial Crimes Commission (EFCC), on Monday said it was not aware of alleged seal-off of houses believed to belong to President of the Senate, Dr. Bukola Saraki. Acting Head, Media, and Publicity of the commission, Mr. Tony Orilade said this in Abuja on Monday that his office was unaware of the issue. “I have not been briefed; ...

In a bid to reduce incidents of building collapse in the country, the federal government has introduced an emerging technology in building process. The new technology known as Pozzolana comprises materials with property of cement and offers 40 per cent cement replacement in building construction. Onu Speaking while commissioning the National Building and Road Research Institute NBRRI, Pozzalana Pilot Plant ...

Finally waking up to the realities that some Federal Government properties still rot away in Lagos, the National Assembly has begun investigation into the abandoned National Provident Fund building, now known as Nigeria Social Insurance Trust Fund (NSITF) along the Badagry expressway. The culture of waste that has recently dotted Nigeria’s landscape, continued to take its toll on properties and ...

Vice President Yemi Osinbajo, at the weekend, said the federal government will deal decisively with individuals and organisations that made the list of high-profile obligors of Asset Management Corporation of Nigeria (AMCON). He said the debtors have made it impossible for the corporation to resolve its outstanding N5trillion debt, thereby holding the entire country to ransom with their bad behaviour. ...

A tripartite agreement has been reached to reduce housing deficit in the commercial capital. This agreement was reached between Lagos State Government, Nigerian Institute of Architect (NIA), Lagos Chapter and Sterling Alternative, an arm of Sterling Bank Plc. Under the Joint Venture deal, Lagos government is to provide land while the architects provide affordable housing design, which will be financed ...

The federal government has directed all owners of businesses and structures within the Apapa-Ebute-Meta corridor of Lagos-Ibadan railway to relocate in order to allow the construction of the rail project continue without delay. The apex government equally explained challenges hindering conveying of cargoes by train to and from the ports, disclosing that it had not constructed the standard gauge to ...

Mr Dipo Ajayi, President, Architects Registration Council of Nigeria (ARCON), on Friday urged architects to start designing low cost housing using local materials for affordability. Ajayi gave the advice while speaking with the News Agency of Nigeria (NAN) on the sidelines of Lagos Architects Forum 2019, organized by the Nigeria Institute of Architects in Lagos. Ajayi said that using local ...