News by Country
Published stories attached to Nigeria.
270 items
Page 15 of 30
New roads and landmark infrastructure under the FCT Administration are unlocking peripheral districts like Katampe, Guzape, and Apo, but resulting land speculation and steep rent hikes are pricing out small businesses and middle-income residents.
China commits an RMB 200 million (approx. ₦40.3 billion) grant to Nigeria to fund mutually agreed development projects, reinforcing economic cooperation under the China-Nigeria Comprehensive Strategic Partnership.
A new high-rise residential tower in Ikoyi targets Lagos's premium housing market by combining eco-friendly infrastructure, high-end amenities, and strict structural compliance standards.
Despite a N50 trillion financing gap and over 20 million deficit in housing, Nigeria’s N600 million listed REIT market remains underutilized for mass residential funding amid high interest rates and regulatory constraints.
Weak project financing, delayed infrastructure, and over-reliance on off-plan buyer deposits leave subscribers holding illiquid plots in stalled residential developments across Nigeria.
Prime real estate across Lagos Island continues to surge as land values in high-end enclaves like Ikoyi reach historic benchmarks driven by persistent demand, scarce land supply, and FX hedging strategies.
Demand for housing finance increased in Nigeria during the second quarter of 2026, according to the Central Bank of Nigeria. Rising demand for house-purchase loans and mortgages points to growing interest in formal financing despite continued affordability challenges.
The FCT Administration has formally shut the secretariat of the dissolved committee overseeing the sale of Federal Government houses in Abuja. A new division within the Department of Land Administration will now handle related matters.
Bigger federal allocations could give Benue and Nasarawa more firepower for infrastructure development. The additional funding is expected to support projects aimed at improving roads, connectivity and broader economic activity