Real Estate News

The Odu’a Investment Company Limited (OICL) has signed a Memorandum of Understanding with the United-Kingdom-based Iconic City Ltd for the development of its 3.8 hectares of land opposite Nigeria Breweries Ltd, Alakia, Ibadan, Oyo State, into a vast residential housing estate. Odu’a Investment is a business conglomerate jointly owned by the six states in the south west of Nigeria, viz ...

Justice Okon Abang of the Federal High Court in Abuja has convicted a company, Iyalikam Nigeria limited, connected to the late Chief of Defense Staff, Alex Badeh of corruption and money laundering charges. Justice Abang in a Judgment delivered in the suit filed against late Badeh and his company, by the Economic and Financial Crimes Commission (EFCC) upon conviction, ordered ...

The Ondo Government has donated a 300 KVA electricity transformer to Plaza Arc in Akure, the state capital, to put an end to over three years power outage in the area. Newsmen report that the community comprises four streets of Ifelodun, Olorunsogo, Bada, and Ibukunoluwa. Presenting the transformer to the community on Monday, Mr. Tunji Ariyomo, the Special Adviser to ...

Edo State Governor, Mr. Godwin Obaseki, on Tuesday, inspected ongoing road projects in Amagba Community, Oredo Local Government Area of the state, with an assurance to provide more infrastructural projects in the area. Obaseki, who was represented by his Chief of Staff, Mr. Taiwo Akerele, expressed satisfaction with the progress of work, noting that the state government was fulfilling its ...

Poised to aid mass housing development for low-income Nigerians, the Real Estate Developers Association (REDAN), Abuja chapter, has pledged to drive constructive engagements with government at all levels. The chapter’s newly elected chairman, Mr. Andrew Elerewe, revealed this plan recently in Abuja, saying the time had come for governments to see its association and members as strategic partners rather than ...

The Federal Government is to partner with India to boost infrastructure development in the country, Mustpha Shehuri, the Minister of State for Power, Works and Housing has said. Shehuri who made this known on Tuesday in Abuja when the India’s High Commissioner to Nigeria, Mr Abhay Thakur, paid him a courtesy visit, said that the federal government has recorded remarkable ...

There are indications that the cement sector of the Nigerian economy is on recovery part despite threats posed by sluggish growth of the macro-economy, steep naira devaluation, militancy in the Niger Delta region and weak infrastructure spending by private and public sectors. The sector was drastically affected by the underwhelming performance of the economy mainly because the demand for cement ...

Some operators in the housing and construction industry have congratulated President Muhammadu Buhari on his re-election, tasking him to approach the issue of housing, especially mass housing, with all seriousness. The experts told the newsmen in Lagos that the president had not done much in tackling the nation’s housing shortfall which stood at 17 million in spite of his remarkable ...

The Nigerian Institute of Architects (NIA) and Architect Registration Council of Nigeria (ARCON) have called on Abia Government to investigate the causes of collapsed buildings in the state. The Abia Chapters of NIA and ARCON jointly made the call in Aba, during their fact-finding mission to the sites of recent collapsed buildings in the state on Saturday. The associations spoke ...

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal Office, Monday, arraigned a banker, Oladimeji Balogun for allegedly stealing N81,720,000.00. But the name of the bank where Balogun was a member of staff was not disclosed. EFCC spokesman, Tony Orilade said in a statement made available to newsmen in Abuja that the accused was arraigned before Justice Oluwatoyin Taiwo of ...