Real Estate

The Minister of State for Power, Works and Housing, Alhaji Suleiman Hassan, has said that on-going road projects across the country by the Federal Government will boost agriculture and enhance the economy. Hassan said this in an interview with newsmen in Gombe yesterday. He said that the Federal Government was committed to improving roads, rail lines and waterways to enhance ...

The federal government has promised that 24 housing units being constructed as part of the National Housing Programme in Edo State will be delivered before the end of 2018. The Zonal Director of the ministry, Mr. Daminabor Oko-Jaja, made the disclosure recently at an assessment of on-going construction at Idumwu-Ehigie in Uhunmwode Local Government Area of the state. According to ...

Mortgage and commercial banks’ lending to the real estate sector has continued a steady growth in the last three years despite the downturn in the economy, a sectorial breakdown of banks’ credit to the private sector has shown. Banking credit to private sector data sourced from the National Bureau of Statistics (NBS) and a survey of developers showed that the ...

The Lagos State Branch Chairman of the Chartered Institute of Bankers Nigeria (CIBN)/Managing Director, Brent Mortgage Bank, Kola Abdul, has said that improved rail system and energy sector which includes power transmission, gas and petrol, have huge potentials to attract and retain large investments. While speaking at the yearly general meeting of the Lagos Chapter of CIBN, in Lagos, Abdul ...

The Delta State Government has approved the construction, rehabilitation and asphalt overlay of four roads in Asaba, the capital territory. This was part of the decisions taken during the State Executive Council meeting held inside the Government House, Asaba. Commissioner for Information, Mr. Patrick Ukah, who spoke after the meeting listed the approvals to include the rehabilitation and asphalt overlay ...

The six governors in the south-west have formally admitted Lagos state into the O’dua Investment Group. Akinwunmi Ambode, the state governor, announced the development on Wednesday, via a statement by Habib Aruna, his chief press secretary. Incorporated as a limited liability company in July 1976, O’dua Investment Company Limited has business interests in Oyo, Ogun, Ondo, Osun and Ekiti states. ...

A Federal High Court Sitting in Lagos has ordered the temporary forfeiture of the sum of N11,040,000.00 belonging to the Nigerian Maritime Administration and Safety Agency (NIMASA). Justice Muslim Hassan granted the orders following an ex parte application made by one, Idris Mohammed, a prosecutor with the Economic and Financial Crimes Commission (EFCC). The money, which is suspected to be ...

The Akwa Ibom State Governor, Mr Udom Emmanuel has assured that he is committed to the full resuscitation and recapitalization of state owned mortgage bank, Akwa Savings and Loans Limited. Emmanuel who made the assertion at the commissioning of the new headquarters of Akwa Savings and Loans limited in Uyo on Friday said he had directed his hon commissioner for ...

The Medical Director of Best Medical Centre Limited in Ketu-Ijanikin, Doctor, Martins Udobi, is crying for justice over what he called “unfair treatment” by CCECC, a Chinese construction firm. Udobi said the firm brought one of its staff that was almost disabled due to a severe accident suffered during active engagement with the company, claiming that after successfully treating the ...

Senator Ibikunle Amosun, Ogun State Governor, has identified lack of proper documentation and incomplete payment by applicants under the Homeowners’ Charter Programme as factors responsible for the delay in issuance of Certificates of Occupancy (C of O). Amosun stated this during the 29th edition of presentation of Certificates of Occupancy and Building Plan Approval to another batch of beneficiaries at ...