Real Estate News

Two unions in the iron and steel industry have said that the completion and functioning of the Ajaokuta Steel Company Ltd. will reduce unemployment and improve the economy. The unions: Steel and Engineering Workers Union of Nigeria (SEWUN) and Iron and Steel Senior Staff Association of Nigeria (ISSSAN), also said that presidential assent to the Ajaokuta Steel Company Completion Fund ...

Houses, foodstuffs, and property belonging to some residents in three villages under Nangere Local Government Area of Yobe State have been destroyed following a fire outbreak. Garin Kaduwa, Daawa and Samo were the villages engulfed by the Saturday’s fire outbreak, thereby rendering many families homeless. Though the cause of the fire could not be traced, it was believed to have ...

A major landslide has occurred in Odi, Kolokuma/Opokuma Local Government Area of Bayelsa State, destroying houses in the community. Community sources said the landslide, believed to have been caused by water erosion, occurred on Sunday and has thrown the community into mourning because of the houses and property that have been destroyed. Investigations revealed that the Chief Whip of the ...

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has ordered the immediate suspension of work at the Abuja National Housing project in Gwagwalada, FCT. Fashola gave the order during the inspection of the ongoing Abuja Mass Housing project in Gwagwalada, on Monday. The Federal Capital Development Authority (FCDA) had written “Stop Work Inscriptions’’ on buildings at the construction ...

Mr. Ayuba Akere, Chairman, Nigerian Institute of Quantity Surveyors (NIQS) Lagos Chapter, has urged all tiers of government to engage the services of quantity surveyors in capital projects, housing and road constructions to minimise costs. Akere gave the advice in an interview in Lagos on Friday. According to him, quantity surveyors will help to monitor and evaluate the costs of ...

Officials of the Ogun State Ministry of Housing have allegedly demolished 40 houses in Regal Estate at the Magboro area of the State. The exercise came barely three weeks after a similar exercise was carried out by the state government in collaboration with the state Mission to Rebuild (MISTRO) agency in the area. The state government officials had on April ...

FBNQuest has seen the possibility of growing the real estate sector through bond investment. In a statement, it said infrastructure deficit has remained an impediment to the industrialisation and diversification of the economy. Infrastructure deficit, it added, has further complicated the ease of doing business in the country and is linked to inadequate public sector financing. “By its nature, infrastructure ...

The Jigawa State Universal Basic Education Board (SUBEB,) has opened bid for the various projects for schools in the state. The bids include; the construction of teachers’ quarters, renovation of classrooms, procurement of classroom furniture, construction of toilets and drilling of hand pumps across the state. Alhaji Wasilu Umar, the spokesman of the board, made this known in a statement ...

A Lagos High Court, sitting at Igbosere, Lagos State, has summoned a brother of the Ooni of Ife, Prince Tunji Ogunwusi, and his company, PrimeWaterview Holdings, over a housing scheme, which payments made by over 800 Nigerians remain unaccounted for. Also expected to appear before Justice K. O. Dawodu, on April 10, are the incumbent President of the Nigeria Association ...

The Lagos Chamber of Commerce and Industry (LCCI) has commended President Muhammadu Buhari for declining assent to National Housing Fund (NHF) Bill. The chamber said the bill would have caused more problems for citizens. Mr. Muda Yusuf, the Director-General of LCCI, gave the commendation on Friday in Lagos. President Buhari had on April 2, declined assent to the National Housing ...