Real Estate News

The coordinator, Abuja Municipal Management Council (AMMC), Umar Shuaibu, has said there are basic laws that property developers in the Federal Capital Territory should know in order not to fall foul of the Department of Development Control. Speaking in an interview with Daily Trust, Shuaibu said property developers need to know whether their properties are residential or commercial and whether ...

The federal government through Minister of Interior, Lt. Gen. Abdulrahman Dambazau (rtd), has ordered all land borders be shut down ahead the governorship election which will take place on Saturday. Newsmen gathered that the closure of all land borders will be effective from 12:00 noon on Friday, March 8, to 12:00 noon on Sunday, March 10, 2019. Dambazau said the ...

Paul Ogwuma, former governor of the Central Bank of Nigeria (CBN) and his wife have acquired property worth £33 million (N15.6 billion), a UK investigative journalism magazine has revealed. According to the magazine, Private Eye, Ogwuma, who served as CBN governor for six years has “amassed a £33m British property empire”. In its report titled “Abuja on Thames” the paper ...

Lagos – A youth group, Hengo Badagry Youth Association, has condemned the neglect of the Lagos- Badagry- Seme Expressway and the Owode-Apa- Asheri Road, which has degenerated to deep pits causing traffic gridlock, as well as avoidable accidents and deaths. The group noted that the roads have formed safe haven for armed robbers, black spots for extortions and harassment by ...

A middle-aged man, Abiodun Makinde, has been arrested by operatives of the Lagos State Police Command, for allegedly beating up a worker of a power distribution company, Ikeja Electric, Oluwaseun Onate, while performing his duties on Aberuagaba Street in the Oshodi area of the state. Newsmen gathered that Onate was effecting a disconnection order on customers who defaulted in the ...

The Lagos Chamber of Commerce and Industry has recommended, among other things, that tolling be introduced on interstate roads that have been completed to ensure sustainable financing for road maintenance. The President, LCCI, Mr. Paul Ruwase, made this recommendation on Tuesday in Lagos while setting agenda for President Muhammadu Buhari’s second term in office. He said, “Government should also introduce ...

Onitsha – Traders of Building Materials International Market, Ogidi, Anambra State have cried out to the Federal and State Governments to construct a pedestrian bridge at the market site, along Enugu/Onitsha Express road to end avoidable road accidents involving pedestrians attempting to cross the opposite side of the road which also accommodates cluster of markets. The construction of the bridge ...

Gov. Okezie Ikpeazu of Abia on Tuesday inaugurated a gully erosion remediation in Umuagu-Ibeku and the 5.8km-Umuada Isingwu/Amafor/Ossah-Ibeku Road. In his speech, Ikpeazu commended the state Ministry of Environment and Nigerian Environmental Watershed Management Project (NEWMAP) for completing the projects within a record time of ten months. He said that the execution of the two projects would not only give ...

The Minister of the FCT, Alhaji Muhammad Bello, on Tuesday, inaugurated a 1,500 capacity Ultra-Modern Market at Maitama community in Kubwa. Bello was represented by Mr. Zaphania Jisalo, the Chairman, Committee on FCT Area Councils and Ancillary Matters. The minister, during the market inauguration under the Bwari Area Council of the FCT, said the development would boost the revenue generation ...

The Infrastructure Concession Regulatory Commission (ICRC) and Nigerian Ports Authority (NPA) have commenced in-depth study on the best mechanism for the review of 11 years old port concession. Mr. Chidi Izuwah, Acting Director-General, ICRC, made this known in the latest publication of the Nigerian Shippers’ Council (NSC) entitled: “The Shipper’’. The 26 terminals in Nigerian ports were concessioned to private ...