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Real Estate

Mortgage bank honours customers in Abuja


The management of Infinity Trust Mortgage Bank, Abuja has reiterated its commitment to seamless customer experience as the bank honours some customers. The bank said its customers’ loyalty paved the way for its exponential growth as a forerunner mortgage bank in Nigeria.  The bank commended its customers as it joined global organisations to celebrate the 2019 Customer Service Week (CSW).  ...

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Housing deficit: FG moves to tackle building collapse

building collapse

Despite its huge housing deficits, Nigeria is also battling with the menace of building collapse. However, the federal government has shown its commitment to address the tide. Barely will any week pass in Nigeria that the case of building collapse will not dominate the media. The development is taking a new dimension as souls are being lost whenever the incident ...

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Lagos airport terminal to be rebuilt and capacity extended


The Federal Government will demolish substantial part of the 40-year-old Murtala Muhammed International Airport (MMIA) terminal and replace it with the new one built by the China Civil Engineering Construction Corporation (CCECC) in December. This is coming as aviation labour leaders have rejected the planned concession of four major airports in the country. While passenger facilitation is conducted in the ...

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LASG calls for registration of real estate practitioners


The Lagos State Government (LASG) has called on Real Estate Agents, Properties Developers and all stakeholders in the housing sector across the State to register their operations with the Lagos State Real Estate Transaction Department, LASRETRAD, a Directorate under the State Ministry of Housing. The Special Adviser to the Governor on Housing, Mrs. Toke Benson-Awoyinka, who made the call during ...

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Nigerian Engineer bags $500m monorail contract in Iraq

Nigerian engineer

Jude Igwemezie, a Nigerian engineer has won a $500 million contract to build a monorail network in Iraq. The monorail network will consist of tracks with single rails, typically elevated for the trains to be suspended from it. Igwemezie’s company, TransGlobim International won the contract to construct a viable rail transportation network for Najaf, Iraq. According to Igwemezie, the construction, which ...

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You can’t deny us electricity, Lagos residents tackle developer


Residents of Royal Gardens Estate in the Ajah area of Lagos have accused Trojan Estates Limited and Broll Properties Limited, their agent, of extorting them under the guise of service charges. The residents who staged a protest on Saturday said for four years, Trojan, a real estate firm from which they bought spaces in the estate from, has not provided ...

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Experts in housing sector show concerns over proposed VAT rate

building collapse

There are growing concerns by housing professionals on the possibility of fresh housing crisis in the country should the proposed Value Added Tax (VAT) by the federal government be implemented in 2020. Although government has stated that the process of increasing the VAT rate would involve extensive consultations with state governments and local government authorities, and others in the public ...

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Oyo State Ready for Land Swap for Affordable Housing Development

Oyo State

The Oyo State government says it is ready to key into land swap arrangement to ensure development of affordable accommodation for the people of the state, meaning that the state is ready to partner any individual or group interested in the arrangement. “In order to provide infrastructure to our GRAs, we are ready to embark on partnership arrangement. So, whoever ...

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Driver dies, one injured in Ogun road accident


A truck driver died while his assistant sustained serious injuries in a road crash on Lagos-Ibadan expressway. The crash, which occurred at 4 am. yesterday, involved two vehicles carrying a total of three persons.  The Public Relations Officer of the Traffic Compliance and Enforcement Corps (TRACE), Babatunde Akinbiyi, confirmed the incident in a statement he released in Abeokuta yesterday.  READ ...

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