Real Estate News

The Yobe State Executive Council meeting presided over by the Deputy Governor, Abubakar D. Aliyu has approved the sum of N6,163,018,038.32 for fresh capital projects across the state. Addressing journalists after the meeting on Wednesday, the State Commissioner of Home Affairs, Information and Culture, Alhaji Mala Musti said the council approved the rehabilitation/construction of Government Secondary School (GSS) Kukar-Gadu, Babban-gida, ...

The Manufacturing Purchasing Managers’ Index (PMI), has inched up to 57.1 points in this outgoing month, February, indicating that the manufacturing sector expanded for the 23rd consecutive month, according to the Central Bank of Nigeria (CBN). The apex bank in its latest PMI Report for February 2019, said the index grew at a slower rate when compared with the previous ...

Real Estate Developers Association of Nigeria (REDAN), Federal Capital Territory (FCT) chapter Chairman, Mr. Andrew Elerewe, has urged the winner of the presidential election to come up with sustainable and implementable housing policies. In a statement made available to newsmen, he said investors in the sector want the government to evolve realistic housing policies for the sector. He said: “We ...

As part of efforts to provide decent and affordable houses for all categories of Nigerians, the Federal Mortgage Bank of Nigeria, FMBN, has concluded plans to collaborate with the Anambra State Housing Corporation for the take-off of some of its programmes in the state. An executive director with the bank, Mr. Melville Ebo, who hinted on the proposed schemes when ...

Two men Iyanu Ogunsanmi; 20, and Eze Izuchuckwu; 21, who allegedly conspired to steal property worth N13 million, on Tuesday appeared in a Surulere Chief Magistrates’ Court in Lagos. Ogunsanmi and Izuchuckwu were arraigned alongside Emeka Iheagwu, 29, who allegedly bought the stolen property. The defendants, whose addresses were not given, are facing a three-count charge of conspiracy, receiving stolen ...

A total of 682 persons died, while 3, 953 others were injured in 1, 107 road crashes across the country in December 2018, the Federal Road Safety Corps (FRSC) has reported. The agency made the fact known in its monthly Road Traffic Crash (RTC) Report signed by the Corps Marshal, Mr. Boboye Oyeyemi, and released yesterday in Abuja. The figures ...

Fire destroys property worth N7 million at a seven rooms apartment along the popular B.A.D road in Lafia, Nasarawa State. Eyewitnesses told newsmen in separate interviews on Tuesday in Lafia that the fire started at 11.30 a.m from one of the rooms and later spread to the other rooms. Ms. Aisha Ishaq, an eyewitness, and member of the affected family ...

Media personality, Toke Makinwa has shared stylish photos on Instagram but it’s the caption that caught our attention. In the caption, she revealed that she has a building currently being constructed. She says: “All is well in my world ? soooo extra, visiting my site in heels ?. Well kitten heels though ?” #Dressedlikealady #TMissababygirlforlife #TMmini #TMminibags #OnBecomingmore READ ALSO: ...

The FSDH Research has said that a real estate funds are investment vehicles that can be used to address Nigeria’s housing shortage and encourage economic activities in the real estate sector. FSDH Merchant Bank stated this in its report on ‘Real estate fund — Investment vehicle to address housing shortage in Nigeria.’ It observed that there was a significant shortage ...

Going by the improvement in the nation’s microenvironment and the positive projections for 2019, the real estate sector is expected to ride on the back of these and other strides it ought to make, and put in a better performance in the year 2019. Though the sector had been generally sluggish in 2018 because of the lull in the nation’s ...