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.
Gunmen invade Abuja village, kidnap 13, demand N900m ransom
Gunmen on Sunday night invaded Piko, a remote community in Bwari Area Council of the nation’s capital, Abuja, allegedly kidnapping 13 persons. The operation which reportedly lasted for an hour without any challenge, is the latest attack on the Council. A community source
Land Dispute: Fred Ajudua Released on Bail, Denies Fraud Allegations
Fred Ajudua, a well-known city socialite, has been released on bail after being arrested by the police last Wednesday. His lawyer, Lekan Ojo, confirmed his release, stating that Ajudua was released to him and Senator Ned Nwoko on Saturday evening. Ojo expressed frustration
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,
$900bn dead capital locked up in real estate — PwC
PricewaterhouseCoopers Nigeria has said that it estimates that Nigeria holds as much as $900bn worth of dead capital locked up in residential real estate and agricultural land. The multinational professional services network stated this in a new report titled ‘Nigeria Economic Outlook: Seven
Inflation And Exchange Rate Spikes Ignite Borrowing In The Real Estate Sector
The real estate and construction sectors in Nigeria have witnessed a surge in bank borrowings, but this hasn’t translated into an improvement in housing stocks. The rise in inflation and exchange rate volatility poses challenges to developers, potentially leading to a crisis as
Inauguration of Housing Reforms task Teams by Arc Ahmed Dangiwa, Housing Minister of Housing- what u must know about the Teams
To help accelerate the planned reforms in the housing sector, the minister for Housing and Urban Development, arc. Ahmed Dangiwa, will this week inaugurate reform teams. The teams include: The Housing Reform Task Team, with the primary objective of ensuring that housing agencies
Why African Real Estate is an Attractive Investment Option
Across African markets, a notable trend is unfolding as capital diversification gains momentum. Real estate is emerging as a preferred destination for increased allocations, drawing attention to its potential returns and strategic positioning in the continent’s economic landscape. Africa, recognized as a hub
Dangiwa targets sustained Private Sector Inclusion, strikes deal for Realization of 100,000 Housing Units
Minister for Housing and Urban Development, arc. Ahmed Dangiwa, has harped on the need for sustained and strategic partnerships with stakeholders in the housing industry to realize the transformation of the sector. The Minister made this known during his remarks while receiving a
