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Market news

Published stories attached to the Market news category.

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Page 20 of 48

News

Lagos rents push two-bedroom flats in Ikoyi to N17.25m a year as tenants move to Ogun

Annual rents for two-bedroom apartments in Lagos have climbed to about N18 million in Victoria Island and N17.25 million in Ikoyi, pushing households towards cheaper communities in Ogun State, a housing analysis shows.

News

UPDC REIT rallies 34.9% as rental income surge outpaces Nigerian market

UPDC Real Estate Investment Trust was the Nigerian Exchange's top gainer for the week ended September 18, rising 34.91 per cent to ₦18.55, a repricing that has run ahead of a first-half earnings increase driven by an 88.35 per cent jump in rental income.

Article

Middleman racket: brokers and speculators push Lagos property prices higher

A new breed of property broker that buys or controls undervalued homes and land before reselling at a margin is adding pressure to Lagos prices, though estate agents disagree on how much of the increase is broker-driven and how much reflects land, cement and financing costs.

News

Tanzania’s e-Ardhi system lets citizens sign land titles from any region

Tanzania’s e-Ardhi digital land administration platform now allows citizens to sign title deeds without travelling to the region where the service originated, land officials said during a public education session in Ruvuma.

News

Lagos Real Estate Firm Petitions IGP Over Demolition Of Ikeja GRA Property

Nigercat Nigeria Limited has petitioned Inspector-General of Police Olatunji Disu, alleging that police operatives demolished part of its property at Oduduwa Crescent, Ikeja GRA, and replaced its gate.

News

Kigali Heights Developer Placed Into Insolvency Liquidation After Selling Its Only Asset

Kigali Heights Development Company Ltd is being wound up after selling the Kigali Heights commercial complex to Yyussa Company in a deal valued at $31.8 million, with creditors given until October 10 to file claims.

News

Egypt banks and mortgage firms disburse EGP 111.1bn under housing finance initiative

Banks and mortgage finance companies taking part in Egypt's mortgage finance initiative for low- and middle-income customers had provided EGP 111.131bn in financing to about 723,604 customers as of July 2026, according to the Social Housing and Mortgage Finance Fund.

News

Kalbaskraal on the N7 emerges as an affordable alternative as Cape Town prices bite

The Western Cape town of Kalbaskraal, less than an hour from the Cape Town CBD along the N7, is drawing bargain-hunting buyers, with an average sale price of R722,500 across 12 sales this year and three-bedroom homes listed at R750,000.

News

Court freezes eight Kano properties as EFCC marks N15bn Akar family estate

Eight multi-billion-naira properties in Kano have been marked for federal custody after a Federal High Court interim forfeiture order, in a case stemming from the disputed sale of the Akar family's industrial estate.