Real Estate

The Benin Electricity Distribution Company (BEDC) has said that it is rolling out 190,000 meters for its customers in Edo State in the next two years. BEDC Executive Director, Commercial, Abu Ejoor, who spoke yesterday in Benin, during the media launch of Edo State Meter Asset Provider (MAP) scheme, said within two years a cumulative average of about 10,000 units ...

Residents of Ilasamaja in Oshodi-Isolo Local Council area of Lagos State are sending a save-our-souls message to the state government as flood continues to batter them, and destroy property worth millions of naira. Since the onset of the rainy season, these residents have been on tenterhooks, and their anxiety reaches feverish heights anytime clouds begin to gather ahead of a ...

Delta State Governor, Dr. Ifeanyi Okowa has approved a comprehensive infrastructural audit and mapping of all public primary and secondary schools in the state. Commissioner for Basic and Secondary Education, Mr. Patrick Ukah, who made this known at the weekend said the exercise has become imperative for government to have a critical overview of its academic infrastructure with a view ...

About ten communities in Ilupejun, Awoyaya in Ibeju-Lekki area of Lagos State have commenced legal action against Lekki Gardens Estate Limited, Skye Trustees Limited, and some elders in the communities over the ownership of a land measuring about 200.184 hectares. The battle for the land resonated after about 800 houses and properties in the area were demolished by alleged agents ...

A five-member gang of real estate scammers, who were about to fraudulently lease out someone else’s duplex in Lekki Phase 2 to a house seeker for a sum of N4.5 million have been arrested by the operatives of Rapid Response Squad (RRS) at the point of exchange of money and keys. The names of the suspects are Abolade Oladimeji (43), ...

A United States-based real estate investment firm, Houston EB5, has said it is giving Nigerians the prospect of investing in the US property market. The firm, working with a Nigerian real estate company, 3Invest, is raising capital for its latest development, The Allen, a mixed-use luxury development in Houston, Texas. The Managing Director, Houston EB5, Mr. Acho Azuike, said since ...

Mr. Adeniyi Akinlusi has over 20 years of extensive experience in leadership positions in banking, strategic leadership, corporate turnaround, and transformation. He is currently the Managing Director/Chief Executive Officer of TrustBond Mortgage Bank Plc. (formerly Intercontinental Homes Savings & Loans Plc.) Read his interview with Nigeria real estate hub below NREH: How can developers access funds through mortgage? Mr. Adeniyi ...

Electricity Generation Companies (GenCos), comprising gas-fire and hydro stations, said they released an average of 3,855 megawatt-hour of electricity into the national grid on Wednesday. This is contained in a daily energy report by the Advisory Power Team, Office of the Vice President, and made available in Abuja on Thursday. The report said the electricity sent out by the GenCos ...

The Minister of Works and Housing, Mr. Babatunde Fashola, has told construction experts to embrace new technologies, to build smart cities in Nigeria. Fashola, represented by the Federal Controller of Housing in Lagos State, Mrs. Sarah Alawode, made the call at the Fifth Construction Industry Hall of Fame Lecture/Induction in Lagos on Friday. The lecture, organised by Construction and Engineering ...

The Lagos State Government (LASG) has cautioned estate developers in the state not to build without necessary approvals, saying that abiding by the State planning and building controls regulations is the right way to build. The Commissioner for physical Planning and Urban Development, Dr. Idris Salako reiterated this at a meeting in his office with the Association of Real Estate ...