Real Estate and Construction Archives - Nairametrics https://nairametrics.com/category/industries/real-estate-and-construction/ Destination for Business news and analysis from Africa's largest economy Sat, 17 Aug 2024 18:30:08 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Real Estate and Construction Archives - Nairametrics https://nairametrics.com/category/industries/real-estate-and-construction/ 32 32 201037849 Lagos State opens Mushin Flyover, final of five Red Line overpasses for public use  https://nairametrics.com/2024/08/17/lagos-state-opens-mushin-flyover-final-of-five-red-line-overpasses-for-public-use/ https://nairametrics.com/2024/08/17/lagos-state-opens-mushin-flyover-final-of-five-red-line-overpasses-for-public-use/#respond Sat, 17 Aug 2024 18:30:08 +0000 https://nairametrics.com/?p=496017 The Lagos State Government has officially opened the Mushin Flyover for public use, marking the completion of the last of five overpasses constructed along the Red Line Corridor.  

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]]> https://nairametrics.com/2024/08/17/lagos-state-opens-mushin-flyover-final-of-five-red-line-overpasses-for-public-use/feed/ 0 496017 Top 10 most expensive states to live in Nigeria in July 2024  https://nairametrics.com/2024/08/16/top-10-most-expensive-states-to-live-in-nigeria-in-july-2024/ https://nairametrics.com/2024/08/16/top-10-most-expensive-states-to-live-in-nigeria-in-july-2024/#respond Fri, 16 Aug 2024 07:10:09 +0000 https://nairametrics.com/?p=495902 The cost of living in Nigeria is high but stabilizing, with July 2024 Consumer Price Index (CPI) data showing a decrease in inflation rates across both all items and food.   

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]]> https://nairametrics.com/2024/08/16/top-10-most-expensive-states-to-live-in-nigeria-in-july-2024/feed/ 0 495902 Lagos to divert traffic at Ikeja Along for pedestrian bridge demolition, Aug 17-18  https://nairametrics.com/2024/08/16/lagos-to-divert-traffic-at-ikeja-along-for-pedestrian-bridge-demolition-aug-17-18/ https://nairametrics.com/2024/08/16/lagos-to-divert-traffic-at-ikeja-along-for-pedestrian-bridge-demolition-aug-17-18/#respond Fri, 16 Aug 2024 05:08:55 +0000 https://nairametrics.com/?p=495897 The Lagos State government has announced a traffic diversion at Ikeja Along Bus Stop on the Oshodi-bound lane between Ile Zik and Conoil Petrol Station from midnight to 4:00 am on August 17th and 18th, 2024, to facilitate the demolition of an old pedestrian bridge in that area.  

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]]> https://nairametrics.com/2024/08/16/lagos-to-divert-traffic-at-ikeja-along-for-pedestrian-bridge-demolition-aug-17-18/feed/ 0 495897 Lagos State government begins demolition of illegal structures blocking drainage channels in Eti-osa https://nairametrics.com/2024/08/15/lagos-state-government-begins-demolition-of-illegal-structures-blocking-drainage-channels-in-eti-osa/ https://nairametrics.com/2024/08/15/lagos-state-government-begins-demolition-of-illegal-structures-blocking-drainage-channels-in-eti-osa/#respond Thu, 15 Aug 2024 19:35:30 +0000 https://nairametrics.com/?p=495893 The Lagos State Government has commenced the demolition of illegal structures along the System 157 drainage path and Orchid Road channels in Eti-Osa after property owners failed to uphold an earlier agreement to minimally impact the canal path.   This update was shared by Lagos State Commissioner for Environment and Water Resources, Tokunbo Wahab, in a […]

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]]> https://nairametrics.com/2024/08/15/lagos-state-government-begins-demolition-of-illegal-structures-blocking-drainage-channels-in-eti-osa/feed/ 0 495893 Most people looking for rent in Lagos are 30 year old single men – Report  https://nairametrics.com/2024/08/14/most-people-looking-for-rent-in-lagos-are-30-year-old-single-men-report/ https://nairametrics.com/2024/08/14/most-people-looking-for-rent-in-lagos-are-30-year-old-single-men-report/#respond Wed, 14 Aug 2024 12:40:12 +0000 https://nairametrics.com/?p=495776 Lagos, a bustling metropolis with a diverse and growing population, has a rental market that is predominantly occupied by young single men between 25 to 30 years old.

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]]> https://nairametrics.com/2024/08/14/most-people-looking-for-rent-in-lagos-are-30-year-old-single-men-report/feed/ 0 495776 Lagosians prefer Ikoyi, Victoria Island for rentals  https://nairametrics.com/2024/08/14/lagosians-prefer-ikoyi-victoria-island-for-rentals/ https://nairametrics.com/2024/08/14/lagosians-prefer-ikoyi-victoria-island-for-rentals/#respond Wed, 14 Aug 2024 07:22:08 +0000 https://nairametrics.com/?p=495748 Lagos residents from neighborhoods like Gbagada, Surulere, Maryland, Yaba, and Ajah are increasingly drawn to the upscale areas of Ikoyi and Victoria Island when considering rental options.  

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]]> https://nairametrics.com/2024/08/14/lagosians-prefer-ikoyi-victoria-island-for-rentals/feed/ 0 495748 Cross River begins construction of N4 billion Entertainment Centre Project  https://nairametrics.com/2024/08/13/cross-river-begins-construction-of-n4-billion-entertainment-centre-project/ https://nairametrics.com/2024/08/13/cross-river-begins-construction-of-n4-billion-entertainment-centre-project/#respond Tue, 13 Aug 2024 17:49:02 +0000 https://nairametrics.com/?p=495727 The Cross River State Government has initiated construction on a N4 billion entertainment centre at Tortugal Island, Marina Resort, Calabar, aimed at enhancing the state's tourism sector and revenue streams. 

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]]> https://nairametrics.com/2024/08/13/cross-river-begins-construction-of-n4-billion-entertainment-centre-project/feed/ 0 495727 Lagosians prefer yearly rent payment over monthly payment – Survey   https://nairametrics.com/2024/08/13/lagosians-prefer-yearly-rent-payment-over-monthly-payment-survey/ https://nairametrics.com/2024/08/13/lagosians-prefer-yearly-rent-payment-over-monthly-payment-survey/#respond Tue, 13 Aug 2024 15:16:26 +0000 https://nairametrics.com/?p=495711 Lagosians have indicated preference for annual rent payment compared to the monthly payment according to data from a survey on the state's real estate industry.  

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]]> https://nairametrics.com/2024/08/13/lagosians-prefer-yearly-rent-payment-over-monthly-payment-survey/feed/ 0 495711 FG issues first batch of housing allocations to upfront National Housing Programme subscribers  https://nairametrics.com/2024/08/13/fg-issues-first-batch-of-housing-allocations-to-upfront-national-housing-programme-subscribers/ https://nairametrics.com/2024/08/13/fg-issues-first-batch-of-housing-allocations-to-upfront-national-housing-programme-subscribers/#respond Tue, 13 Aug 2024 06:23:03 +0000 https://nairametrics.com/?p=495668 The Federal Ministry of Housing and Urban Development has begun issuing the first batch of housing allocations to subscribers who have committed to making upfront payments under the National Housing Programme (NHP).  

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]]> https://nairametrics.com/2024/08/13/fg-issues-first-batch-of-housing-allocations-to-upfront-national-housing-programme-subscribers/feed/ 0 495668 Federal Government reviews 20 major road projects nationwide under Tax Credit Scheme https://nairametrics.com/2024/08/11/federal-government-reviews-20-major-road-projects-nationwide-under-tax-credit-scheme/ https://nairametrics.com/2024/08/11/federal-government-reviews-20-major-road-projects-nationwide-under-tax-credit-scheme/#respond Sun, 11 Aug 2024 06:28:21 +0000 https://nairametrics.com/?p=495573 The Federal Government has outlined 20 key road projects across the country, funded through its Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme.  

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]]> https://nairametrics.com/2024/08/11/federal-government-reviews-20-major-road-projects-nationwide-under-tax-credit-scheme/feed/ 0 495573 FG terminates Dantata & Sawoe’s contract on Kano-Maiduguri road after 17 years https://nairametrics.com/2024/08/11/fg-terminates-dantata-sawoes-contract-on-kano-maiduguri-road-after-17-years/ https://nairametrics.com/2024/08/11/fg-terminates-dantata-sawoes-contract-on-kano-maiduguri-road-after-17-years/#respond Sun, 11 Aug 2024 05:05:53 +0000 https://nairametrics.com/?p=495571 The Federal Government has terminated the contract for Section 1 of the Kano-Maiduguri road project, which had been awarded to Dantata & Sawoe Ltd back in 2007. 

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]]> https://nairametrics.com/2024/08/11/fg-terminates-dantata-sawoes-contract-on-kano-maiduguri-road-after-17-years/feed/ 0 495571 FG closes Third Mainland Bridge to large trucks amid critical structural repairs  https://nairametrics.com/2024/08/09/fg-closes-third-mainland-bridge-to-large-trucks-amid-critical-structural-repairs/ https://nairametrics.com/2024/08/09/fg-closes-third-mainland-bridge-to-large-trucks-amid-critical-structural-repairs/#respond Fri, 09 Aug 2024 17:40:48 +0000 https://nairametrics.com/?p=495530 The Federal Government has announced the closure of the Third Mainland Bridge in Lagos to large trucks due to ongoing structural repairs.  

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]]> https://nairametrics.com/2024/08/09/fg-closes-third-mainland-bridge-to-large-trucks-amid-critical-structural-repairs/feed/ 0 495530 FG reopens bidding for Lagos-Ibadan Expressway Phase 2 after rejecting Julius Berger’s N258 billion proposal  https://nairametrics.com/2024/08/09/fg-reopens-bidding-for-lagos-ibadan-expressway-phase-2-after-rejecting-julius-bergers-n258-billion-proposal/ https://nairametrics.com/2024/08/09/fg-reopens-bidding-for-lagos-ibadan-expressway-phase-2-after-rejecting-julius-bergers-n258-billion-proposal/#respond Fri, 09 Aug 2024 11:24:20 +0000 https://nairametrics.com/?p=495520 The Federal Government has decided to reopen the bidding process for the Lagos-Ibadan Expressway Phase 2 project after rejecting Julius Berger Plc's N258 billion proposal.  

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]]> https://nairametrics.com/2024/08/09/fg-reopens-bidding-for-lagos-ibadan-expressway-phase-2-after-rejecting-julius-bergers-n258-billion-proposal/feed/ 0 495520 Federal Government allocates N20 billion monthly to Julius Berger for 82km Abuja-Kano road dualization https://nairametrics.com/2024/08/09/federal-government-allocates-n20-billion-monthly-to-julius-berger-for-82km-abuja-kano-road-dualization/ https://nairametrics.com/2024/08/09/federal-government-allocates-n20-billion-monthly-to-julius-berger-for-82km-abuja-kano-road-dualization/#respond Fri, 09 Aug 2024 05:42:46 +0000 https://nairametrics.com/?p=495500 The Federal Government has committed N20 billion monthly to Julius Berger Plc for the completion of the dualization of an 82-kilometre section, totalling 164 kilometres, of the Abuja-Kaduna-Zaria-Kano Highway, with a target completion timeline of 14 months. 

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]]> https://nairametrics.com/2024/08/09/federal-government-allocates-n20-billion-monthly-to-julius-berger-for-82km-abuja-kano-road-dualization/feed/ 0 495500 Africa’s wealthiest City: Johannesburg needs $12 Billion to revamp crumbling infrastructure  https://nairametrics.com/2024/08/06/africas-wealthiest-city-johannesburg-needs-12-billion-to-revamp-crumbling-infrastructure/ https://nairametrics.com/2024/08/06/africas-wealthiest-city-johannesburg-needs-12-billion-to-revamp-crumbling-infrastructure/#respond Tue, 06 Aug 2024 07:13:32 +0000 https://nairametrics.com/?p=495293 South Africa’s Johannesburg, ranked as the continent’s richest city due to its concentration of businesses and estimated 12, 300 millionaires, is facing a substantial infrastructure crisis.

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]]> https://nairametrics.com/2024/08/06/africas-wealthiest-city-johannesburg-needs-12-billion-to-revamp-crumbling-infrastructure/feed/ 0 495293 David Umahi sets October deadline for contractor to complete Enugu-Port-Harcourt Bridge  https://nairametrics.com/2024/08/06/david-umahi-sets-october-deadline-for-contractor-to-complete-enugu-port-harcourt-bridge/ https://nairametrics.com/2024/08/06/david-umahi-sets-october-deadline-for-contractor-to-complete-enugu-port-harcourt-bridge/#respond Tue, 06 Aug 2024 06:01:44 +0000 https://nairametrics.com/?p=495281 The Minister of Works, Dave Umahi, has issued an October deadline to the China Civil Engineering Construction Corporation (CCECC) for completing the collapsed New Artisan Bridge on the Enugu-Port Harcourt Expressway. 

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]]> https://nairametrics.com/2024/08/06/david-umahi-sets-october-deadline-for-contractor-to-complete-enugu-port-harcourt-bridge/feed/ 0 495281 Federal Government unveils plans to build manufacturing hubs in all six geopolitical zones https://nairametrics.com/2024/08/04/federal-government-unveils-plans-to-build-manufacturing-hubs-in-all-six-geopolitical-zones/ https://nairametrics.com/2024/08/04/federal-government-unveils-plans-to-build-manufacturing-hubs-in-all-six-geopolitical-zones/#respond Sun, 04 Aug 2024 10:03:25 +0000 https://nairametrics.com/?p=495177 The Federal Government has unveiled plans to establish building manufacturing hubs in Nigeria's six geopolitical zones to produce essential building materials, reduce import costs, create jobs, and boost economic growth. 

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]]> https://nairametrics.com/2024/08/04/federal-government-unveils-plans-to-build-manufacturing-hubs-in-all-six-geopolitical-zones/feed/ 0 495177 Lagos state govt to build digital rental platform for monthly rent payment  https://nairametrics.com/2024/08/02/lagos-state-govt-to-build-digital-rental-platform-for-monthly-rent-payment/ https://nairametrics.com/2024/08/02/lagos-state-govt-to-build-digital-rental-platform-for-monthly-rent-payment/#respond Fri, 02 Aug 2024 08:29:58 +0000 https://nairametrics.com/?p=495061 The Lagos state government has unveiled plans to build a digital rental platform for monthly rent payment by residents of the state.  

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]]> https://nairametrics.com/2024/08/02/lagos-state-govt-to-build-digital-rental-platform-for-monthly-rent-payment/feed/ 0 495061 Federal Mortgage Bank of Nigeria targets 5,000 new homes, 20,000 mortgage loans annually https://nairametrics.com/2024/08/02/federal-mortgage-bank-of-nigeria-targets-5000-new-homes-20000-mortgage-loans-annually/ https://nairametrics.com/2024/08/02/federal-mortgage-bank-of-nigeria-targets-5000-new-homes-20000-mortgage-loans-annually/#respond Fri, 02 Aug 2024 07:36:40 +0000 https://nairametrics.com/?p=495053 The Federal Mortgage Bank of Nigeria (FMBN) has set ambitious targets to deliver 5,000 new homes annually, largely through the Renewed Hope Cities and Estates Programme, and disburse 20,000 mortgage loans each year, necessitating quicker turnaround times and improved customer service. 

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]]> https://nairametrics.com/2024/08/02/federal-mortgage-bank-of-nigeria-targets-5000-new-homes-20000-mortgage-loans-annually/feed/ 0 495053 Federal Housing Authority to raise funds from capital market for millions of homes over 50 years https://nairametrics.com/2024/08/02/federal-housing-authority-to-raise-funds-from-capital-market-for-millions-of-homes-over-50-years/ https://nairametrics.com/2024/08/02/federal-housing-authority-to-raise-funds-from-capital-market-for-millions-of-homes-over-50-years/#respond Fri, 02 Aug 2024 06:37:28 +0000 https://nairametrics.com/?p=495049 The Federal Housing Authority (FHA) is set to raise funds through capital markets to deliver millions of housing units over the next 50 years, tackling Nigeria's housing deficit.  

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]]> https://nairametrics.com/2024/08/02/federal-housing-authority-to-raise-funds-from-capital-market-for-millions-of-homes-over-50-years/feed/ 0 495049