Increase in Fuel Prices Affecting the Real Estate Sector in Nigeria
As one of the world’s top crude oil producers, With a sharp and unsettling increase in fuel prices, rising from ₦617 to ₦1,100 per liter. This dramatic surge is having profound repercussions on various sectors, with the real estate industry being particularly affected.
Benue Government Urges Coastal Residents to Relocate Amid Flood Fears
The Benue State government has heightened its alert signal in response to the impending flood expected to ravage the coastal areas of the state. The government has initiated a sensitization campaign, urging residents in vulnerable areas to relocate to safer and higher lands.
Lagos Homeowners Call on Tinubu to Halt Demolition Plans by Minister of Works
In a heartfelt plea to President Bola Ahmed Tinubu, a group of retired senior citizens in their mid-80s, including Professor Oluropo Sekoni, Dr. Kola Akinleye, Bonojo Olalekan, and Festus Ogwu, have expressed deep concern over the impending demolition of their homes in the
President Tinubu Set to Perform Groundbreaking of Abuja Airport Garden City
In a bid to align with the ‘Renewed Hope’ Agenda championed by President Bola Tinubu, real estate firm First Rotech Group of Companies Ltd has unveiled plans for the groundbreaking of the multi-billion Naira Abuja Airport Garden City. Chairman of First Rotech Group,
HDAN Calls for Synergy Among FCT Departments to End Land Grabbing
The Housing Development Advocacy Network (HDAN) has called for synergy among departments within the Federal Capital Territory Administration (FCTA) to bring an end to land grabbing activities. In a statement released on Thursday in Abuja, the Executive Director of HDAN, Festus Adebayo, emphasized
Hong Kong Abolishes Property Curbs in Bid to Revive Housing Sector, Economy
In efforts to revive Hong Kong’s flagging housing market and broader economy, Financial Secretary Paul Chan announced in the annual budget address on Wednesday, February 28, 2024, that the government will scrap all property cooling measures, including additional stamp duties for foreign and
Six Dead as Two-Storey Building Collapses at Odu-Igbo Market
A grim scene unfolded at the Odu-Igbo Market in Onitsha, Anambra State, as a two-storey building collapsed, claiming the lives of at least six people. The incident, which occurred on Monday evening, sent shockwaves through the bustling commercial city. The building, still under
Building Collapse Prevention Guild Raises Alarm Over Surging Building Material Prices
The Building Collapse Prevention Guild (BCPG) has sounded the alarm regarding the soaring prices of building materials, warning that it could lead to a surge in substandard construction practices and exacerbate building collapses across the country. Speaking during the BCPG Lagos State chapter
HDAN Congratulates New REDAN President, Exco, Urges Collaboration for Housing Solutions
Africa’s leading non-governmental housing advocacy organization, Housing Development Advocacy Network (HDAN) has extended congratulations to Akintoye Adeoye, the newly inaugurated president of the Real Estate Developers Association of Nigeria (REDAN), along with the newly elected executive members, on their victory. In a statement
Three-Storey Building Collapses in Lagos Amid Heavy Rainfall
Amidst a heavy downpour on Thursday, a three-storey building located at Ita Faaji Market in the Lagos Island Local Government Area of Lagos State collapsed, sparking panic in the community. According to information gathered by our source, the incident occurred around 9 am,
