Real Estate

The Nigeria Institute of Builders (NIOB) has absolved its members from the incessant defaults noticed in building construction in the country. NIOB said that quacks who infiltrate the profession that created the problems to cut cost and make gains. Speaking during the Builder’s Day Celebration recently at the Ndubisi Kanu Memorial Park, in Ikeja, the National President of NIOB, Mr. Kunle ...

The Commissioner of Police, Lagos State Police Command, Mr. Hakeem Odumosu, has stated that some major markets in the state were complying with the 14 days lockdown issued by the federal government. Some of the places visited, according to the CP during a briefing, included: Maryland, Ojota, Ketu, Mile 12, Owode – Onirin, Majidun, Ogolonto, Agric, Ikorodu and Ojodu – ...

The President, Architects Registration Council of Nigeria, Sir Oladipupo Ajayi, says Nigeria’s real estate industry offers great opportunities yet to be explored. Ajayi said bridging the housing gap in many of the country’s urban centres could create jobs for professionals in the built environment. The ARCON president, who spoke with journalists ahead of his 66th birthday, described Nigeria as a ...

As the coronavirus continues to spread, there is fear and trepidation in the air among real estate community, especially as travel and other economic activity have slowed or stopped. Their apprehension also arose that several sectors have taken a heavy beating, except real estate. And with social distancing, house showings may slow down while pullback by buyers will take momentum ...

At least 15 persons have been confirmed dead at the Abule Ado area of Lagos after an explosion on Sunday morning. Among those confirmed dead are a couple and three of their children on their way to church at the time of the incident.  They were caught in the fire caused by the explosion while driving in their vehicle. The ...

The Federal Mortgage Bank of Nigeria (FMBN) has promised to complete the College of Education Warri Senior Staff Multi-Purpose Cooperative Society Housing Estate, Ekpan, Delta State in a record time. FMBN Managing Director, Ahmed Musa Dangiwa, stated this at the weekend while laying the foundation stone at Adijedo Ekpan. Represented by FMBN Zonal Port Harcourt Manager, Mr. Victor Okosun, Dangiwa ...

The Taraba Urban Water, Sanitation and Hygiene, Media Network on Wednesday urged the state government to expand the pipelines in Gembu town to accommodate the growing population due to the planned commencement of the Mambilla power project. Chairman of the WASH media network, Alhaji Sadiq Adamu made the call at the quarterly review meeting of the network in Jalingo. Adamu ...

The federal government will spend the N150 billion Sukuk bonds being issued by the Debt Management Office (DMO) in financing 44 ongoing highway projects across the country. Minister of State for Works and Housing Engr Abubakar D. Aliyu disclosed this on Thursday at the summit on National Policy and Development in Abuja. He said due to paucity of funds, the ...

The discussion for affordable housing will continue to occupy the centre stage so long as available houses continue to remain unaffordable, while housing demand and deficit are constantly rising. The projection of IPA could not have been more accurate when it foretold the ultimate population of Abuja City to be 3.1 million, and the entire territory with the regional areas ...

The Federal Government has completed 2,500 housing units in 34 states, the Minister of Works and Housing, Babatunde Fashola, has said. Fashola, who disclosed this at the National Policy on Development summit in Abuja, also stated that the government was currently working on 500 roads and bridges across the country. He further noted that as part of efforts to bridge ...