News by Country
Published stories attached to Nigeria.
100 items
Page 10 of 12
Lagos says emergency responders saved over ₦118 billion worth of property from fire disasters in 2025. But the state still lost nearly ₦20 billion in assets as fire outbreaks continued across the city.
Over ₦300 billion worth of abandoned and underused assets are sitting idle across Nigeria. Estate surveyors say the country is losing massive economic value while properties decay unused.
A three-storey building under construction collapsed in Abuja, killing at least five people. Emergency crews are still searching through the debris for more victims feared trapped beneath the rubble.
Wema Bank says its sale of disputed Banana Island properties was lawful and tied to debt recovery efforts. The clarification comes as regulators pursue legal action over assets linked to the collapsed Gulf Bank.
Rent hikes across Lagos are pushing tenants to breaking point, but landlords say they are under pressure too. Developers and agents blame inflation, construction costs, and economic instability for the city’s worsening affordability crisis.
A legal battle over some of Lagos’ most valuable real estate is unfolding in Banana Island. Nigeria’s banking regulator claims billions in luxury properties linked to a failed bank were improperly taken and sold.
Nigeria is entering a major global housing summit while battling one of Africa’s largest urban crises. Rising rents, flooding, overcrowding, and weak planning are pushing millions deeper into housing insecurity.
Billions of dollars in Nigerian property wealth remain economically useless because owners lack legal documentation. Surveyors warn the country’s real estate sector is sitting on massive untapped value.
Nigeria’s mortgage market just received a major liquidity injection through a new ₦11.5 billion bond listing. Analysts say stronger housing finance could unlock wider access to homeownership nationwide.