Tenants Groan As FX, Interest Rate, Inflation Push Up Rents
The haemorrhaging economic condition in Nigeria is impacting negatively on various sectors including the real estate market and its supply chains. This impact is, in more ways defining the economy of the sector in the first quarter of 2024 as more renters groan
Democratic senators call on Fed to cut interest rates over high housing costs
Several Democratic senators urged the Federal Reserve on Sunday to cut interest rates, which they argue have “aggravated the country’s persistent crisis of housing access and affordability.” In a letter to Fed Chair Jerome Powell, Sens. Elizabeth Warren (D-Mass.), John Hickenlooper (D-Colo.), Jacky Rosen (D-Nev.) and Sheldon Whitehouse (D-R.I.) said the central bank’s
Abuja Court Orders Tenant’s Remand for Alleged Assault on Landlord
A dispute between a tenant and his landlord led to a significant legal development at the Kabusa Grade I Area Court in Abuja. Chris Okoye, a 44-year-old tenant residing at 2A Niger Avenue Villa Nova, Apo, faced charges of criminal conspiracy, intimidation, force,
Protecting your Rights as a Tenant in Nigeria
Searching for accommodation in Nigeria is one of the most difficult things one can do. It is fraught with so many risks, you have to deal with multiple viewings of apartments and houses which do not live up to what you have been
