The Federal Government of Nigeria has raised over N70 billion to fund large-scale housing developments across urban centres in the country, using Public-Private Partnerships (PPPs) as a major source of …
Real Estate
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EconomyGOVERNMENTHousingInfrastructureReal EstateUrban Development
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Business and EconomyDevelopmentDiasporaHousingReal Estate
FMBN Offers Mortgage Loan to Nigerians in Diaspora
The Federal Mortgage Bank of Nigeria (FMBN) has introduced a special mortgage loan for Nigerians living abroad. The new product, called the Diaspora Mortgage Loan, was officially launched by the …
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The Lagos State Government has cautioned residents to be wary of fake estate agents promoting non-existent housing units for sale or rent on social media platforms. The warning comes amid …
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BusinessDevelopmentEconomyInfrastructureMarketsReal Estate
Nigeria’s Commercial Property Market Faces Dollar Shock
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 …
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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 …