Real Estate

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 ...

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 ...