The commercial real estate market in Nigeria is witnessing mixed developments, as the cost of renting office spaces skyrockets due to naira devaluation, while industrial real estate is enjoying renewed …
Real Estate
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BusinessDevelopmentEconomyInfrastructureMarketsReal Estate
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EconomyInfrastructureINVESTMENTNigeriaReal Estate
Luxury Real Estate Booms in Lagos as Market Hits N3.2tn Value, Investors Eye 5.5% Yearly Yields
The luxury real estate market in Lagos State is fast becoming a top destination for investors, as the latest State of Lagos Housing Market Report (Vol. 3) reveals average rental …
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BusinessDevelopmentFinance & ServicesInfrastructureReal Estate
FCMB, TotalEnergies Cooperative Partner to Develop $150m Louisville Project in Eko Atlantic City
First City Monument Bank (FCMB) has partnered with TotalEnergies Staff Housing Cooperative Multipurpose Society Ltd (TEHC) to finance the development of Louisville Phase 1, a premium residential tower within the …
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BusinessDevelopmentGOVERNMENTNigeriaPoliciesReal Estate
Lagos Declares Real Estate Practice Without LASRERA Registration Illegal
The Lagos State Government has declared it illegal for anyone to operate in the real estate sector without proper registration with the Lagos State Real Estate Regulatory Authority (LASRERA). The …
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Eastern AfricaFinance & ServicesINVESTMENTManufacturingMarketsReal Estate
Olympia Capital Posts KSh 17.6m Profit Despite Revenue Dip
Olympia Capital Holdings Limited has announced a net profit of KSh 17.6 million for the financial year ended 28 February 2025, reflecting a 50 percent decline from the KSh 35.2 …
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BusinessEconomyFinance & ServicesReal EstateTransportation & Logisitics
Express Kenya Launches KSh13 Billion Project Nexus Despite Mounting Losses
Listed logistics and warehousing company Express Kenya PLC has announced a bold diversification plan through the launch of a massive KSh13 billion mixed-use development project named Project Nexus. The initiative, …
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BusinessEconomyFinance & ServicesKenyan NewsReal Estate
Uchumi Wins KSh26.7m Court Case Against Franchise Partner Aljazeera
Uchumi Supermarket PLC has recorded a rare legal victory after the High Court awarded it KSh26.7 million in special damages over a commercial dispute with former franchise partner, Aljazeera City …
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AfricaAFRICA NEWSCorruptionMarketsReal EstateSouth Africa
Gupta Family’s Controversial Saxonwold Properties Headed for Auction
The Saxonwold properties once owned by the infamous Gupta family are set to go under the hammer on 24 July 2025, with Park Village Auctions officially opening the doors to …
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Finance & ServicesGOVERNMENTLeadershipNigeriaPoliciesReal Estate
AHCN Appoints Chime Obiora as Chairman, Board of Trustees
The Association of Housing Corporations of Nigeria (AHCN) has appointed Chime Obiora as the new Chairman of its Board of Trustees. His appointment follows the death of the former chairman, …
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DevelopmentNewsNigeriaPoliciesReal Estate
Africa International Housing Show Partners Federal Housing Ministry for 2025 Edition in Abuja
The organisers of the Africa International Housing Show (AIHS) have announced a major collaboration with the Federal Ministry of Housing and Urban Development for the 19th edition of the event, …