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Real Estate

Sanwo-Olu will regenerate structures in Lagos – Jeje


Former Commissioner for Housing in Lagos State, Hon. Bosun Jeje is confident that the incoming governor, Babajide Olusola Sanwo-Olu, would regenerate buildings in Lagos Island to curb the incessant menace of building collapse in the area. Jeje during an interactive session with journalist in Lagos at the weekend said indication towards that was Sanwo-Olu’s assurance when he visited the site ...

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Court orders IBEDC to restore electricity to Ijesa land


An Ilesa High Court in Osun again ordered the Ibadan Electricity Distribution Company (IBEDC) to restore electricity supply in Ijesaland, Osun State. Justice A. L. Adegoke, who gave the order on Monday, said that partial compliance with the order of the court would not be tolerated. It was reported that on March 18, the court ordered the IBEDC, to restore ...

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Discos inform consumers metering is no longer their responsibility


Power distributors have declared that they are no longer responsible for the provision of meters to electricity consumers across the country. It was also gathered from the Discos that the monetary shortfall in Nigeria’s power had risen to over N1.4tn despite the marginal improvement in revenue collection by the electricity distributors on behalf of the industry. Data obtained in Abuja ...

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Breaking news: Another building collapses in Lagos Island

Lagos Island

A three-storey building has reportedly collapsed in Kakawa street, Lagos Island on Monday. According to a resident of the street, no one was trapped because the building was marked for demolition and occupants had vacated. The collapsed structure, however, affected a bungalow with three occupants. Details shortly….     READ ALSO: Lagos Govt. sets up panel to investigate Ita Faji ...

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Niger Govt. approves construction of 750 bed capacity hostels in tertiary institutions

Tertiary Institutions

In a bid to solving the acute accommodation challenges in all the tertiary institutions in Niger state, Government has approved the construction of new set of hostels in all the institutions. The project which will be in phases will kick-start with the construction of new blocks of hostels at the state-owned Ibrahim Badamasi Babangida University, IBBUL and Justice Fati Lami ...

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Heavy rain renders over 1,000 residents homeless in Delta community


Residents of Oghara in Ethiope West Local Government Area of Delta State were yesterday caught unawares as what began as early morning showers suddenly became torrential rendering many homeless. Over 1,000 residents were rendered homeless, following the downpour yesterday morning that lasted over one hour. Areas affected include; Chief Eyaufe street, Lucky street by Omimi road, Okuemeva extension, Ibori road, ...

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Ekiti commences work on N8.9bn boundary road


The Ekiti State Government has begun work on the construction of Ado-Osun State boundary road valued at N8.9bn. Governor Kayode Fayemi began the construction work on Thursday by formally handing over the first phase, the new Ado – Iyin Road construction project, to the Chinese Civil Engineering Construction Company Nigeria Ltd to commence work on the road which was originally ...

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Real Estate Bargain Shopping: How to find good deals

Real Estate Bargain

Real estate investors, along with the rest of society, are what you may consider conscious consumers. Every time a truly good deal presents itself, investors would be hard pressed to pass it up. After all, a real estate bargain presents the perfect opportunity to maximize profits.   The cheaper you can acquire a property, the more attractive the ROI (return ...

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Manufacturers urge FG to fix infrastructure


Manufacturers in the real sector have urged government across all levels to improve the quality of infrastructure in the industrial areas. The operators in a chat with our correspondent argued that the industrial sector depends heavily on constant power for production and good road network to facilitate logistics, stressing that all of these issues affect competitiveness of the real sector. ...

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