Tag Archives: NREH

Back of affordable and decent accommodation has remained one of the major headaches of living in Yenagoa, Bayelsa State. Residential houses are scarce and the ones available are expensive and almost beyond the reach of many inhabitants. A standard two-bedroom flat goes for between N450,000 to N550,000. A good self-content apartment is priced between N180,000 to N200,000 while a bedroom ...

The Nigerian National Petroleum Corporation (NNPC) has disclosed plans to expand the market share of its retail business from the current 12 per cent to an appreciable level by building a mega station in every Senatorial district in the country in the months ahead. In a statement by its spokesman, Ohi Alegbe, the Corporation’s move was part of efforts to ...

The Peoples Democratic Party (PDP) has accused Governor Rauf Aregbesola of inflating the contract sum of the Moshood Abiola International Airport, Ido Osun, from N4.5bn to N15.5bn. The Director of Media and Strategy of the PDP in the state, Mr. Diran Odeyemi, said this in a statement in Osogbo on Sunday. The opposition party accused the governor of jerking up ...

The Synagogue Church of All Nations, led by Prophet Temitope Joshua has dragged the Lagos State Government to court over the criminal indictment of the church by the Coroner court in relation to the collapsed building that killed about 116 persons on September 12, 2014. Joined as defendants in the suit are the Coroner, Magistrate Komolafe Oyetade and the state Attorney-General ...

A socio-economic group in Ogun State, the Egba Economic Summit has called on the Federal Government to resume the reconstruction of the Lagos-Ibadan Expressway to prevent it from deteriorating further. The road awarded at a cost of N167 billion by the Federal Government has the Lagos-Sagamu stretch of it being redeveloped by Julius Berger, while the Sagamu-Ibadan axis is being ...

Fire gutted the Nigerian National Petroleum Corporation (NNPC), Mega Station, Tuesday in Dutse, the News Agency of Nigeria reports. A staff of the station, who pleaded anonymity, told NAN that a 40,000-liter tanker, which brought petroleum, caught fire while offloading. The source said the incident happened at about 5.30 p.m. “The good thing is that it did not affect anyone ...

A real estate solution company, Propertygate Development and Investment Plc has thrown its weight behind a plan by the current administration to invest massively in both infrastructure and housing. The support, however, is with a call on the government to give clearer strategy and direction on how the initiative would be implemented, else the laudable vision might be fraught with ...

Reeling from the stain of negative report in which African mortgage markets had been painted by global institutions, as a major impediment in the march to address visible and rapidly growing demand for housing; continent’s mortgage operators and experts recently met in Durban, South Africa to enhance the flow of finance for the troubled sector by calling on the countries to ...

Detectives at the State Department of Criminal Investigation, Yaba, are investigating a 60-year-old landlord, Kareem Ajao, for allegedly killing his tenant, Chukwuyenre Eke. Punch Metro learnt that the incident happened on Chief Kenneth Street, Ilogbo, in the Ajangbadi area of Lagos State. It was learnt that Chukwuyenre, a businessman, and the landlord had been having a running battle over payment ...

A leading mortgage bank, Resort Savings and Loans, says it is troubled by the lack of off-takers in the country’s property market. The Managing Director, Resort Savings and Loans, Mr. Abimbola Olayinka, said at the bank’s 8th Annual General Meeting that the mortgage sector had been operating in a very challenging time, adding that the company presented many houses into ...