UPDC Plc Records First Profit in Eight Years, Reporting N10.9 Million in H1 2024
UPDC Plc, a prominent property investment company in Nigeria, has reported a profit for the first time in eight years, according to data compiled by housingtv. The company's latest financial…
New PenCom DG Omolola Oloworaran Assumes Office
The National Pension Commission (PenCom) announced on Wednesday that Omolola Oloworaran, the newly appointed Director-General, has officially assumed her role. In a statement, the Commission clarified that Oloworaran will…
FG Inaugurates Family Homes Fund Board, Promises Affordable Housing for Low-Income Earners
The Federal Government has made a crucial move to address the housing needs of low-income earners in Nigeria with the inauguration of the Board of Family Homes Funds Limited. While…
HUD Officials Highlight 3D Printing Technology for Affordable Housing in Alaska
Following a $600,000 research grant to the city of Nome, Alaska, issued last year, senior officials at the U.S. Department of Housing and Urban Development (HUD) visited the University of…
Lagos State Aims to Generate N375 Billion Annually from Land Use Charge
The Lagos State government has announced plans to generate N375 billion annually from Land Use Charge (LUC) payments from residents. This initiative was detailed in the synopsis document for the…
BUA Announces Potential Price Reduction for Cement
Prices of cement may likely be reduced, the founder and chairman of the BUA Group, Abdul Samad Rabiu has said. Rabiu who said the prevailing price of cement in the country is…
UK Housing Market Shows Signs of Recovery Amid Potential Interest Rate Cuts
The UK housing market is showing signs of a rebound from last year’s slump, with a possible interest-rate reduction by the Bank of England potentially boosting confidence among prospective buyers,…
Reasons Behind Lagos’ Revocation of Building Permits on New Projects
The Lagos State government has announced the revocation of permits for ongoing building projects across the state, citing the need to enforce stringent safety standards in construction. This decision follows…
NNPC to Sell Crude Oil to Dangote Refinery in Naira, Says Tinubu
In a significant policy shift, President Bola Tinubu has instructed the Nigerian National Petroleum Company Limited (NNPC) to sell crude oil in Naira to Dangote Refinery and other upcoming refineries.…
LASG Refutes Claims of Revoking Existing Building Permits
The Lagos State Government (LASG) has refuted claims circulating in some online media that it has revoked all existing building permits. Mr. Olaoye Olusegun, Director of Public Affairs at the…
