News by Country
Published stories attached to Nigeria.
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More than 1,590 homes have been financed in Nasarawa as Nigeria’s housing finance push expands. FMBN has also channelled over ₦9.5 billion into renovation loans for more than 10,600 civil servants, combining new housing delivery with upgrades to existing homes.
More than 20 properties in Ikeja have been shut down as Lagos intensifies enforcement of planning rules. The crackdown highlights growing pressure on developers to secure approvals before construction or major alterations.
Edo State wants to turn a prime Victoria Island property into funding for a major Benin City project. But the proposed sale is already raising questions about whether valuable public land should be sold or retained for future returns.
Rents in some Abuja neighbourhoods have jumped as much as 120% in two years, pushing more households toward the city’s outskirts. With rent consuming up to 70% of household income, affordability is becoming a defining challenge for the capital’s housing market.
Nigeria’s listed REITs are delivering returns that beat rental yields from several Lagos residential markets. With UPDC REIT up more than 41% and UH REIT above 35% in 2026, investors are getting a new way to gain property exposure without owning a building.
Nigeria is preparing stricter rules for property developers as authorities seek to protect homebuyers from costly housing scams. Mandatory licensing and escrow accounts could fundamentally change how off-plan properties are sold.
A new 12.5% U.S. trade tariff on Nigerian imports threatens to slow industrial real estate expansion and reduce foreign direct investment in large-scale property developments.
Property developers and diaspora investors can now process physical planning approvals 24/7 from anywhere in the world, as Lagos State completely outlaws manual building permits.
Key real estate industry groups and affected property owners are calling for an official probe into alignment shifts, valuation transparency, and compensation delays along the massive infrastructure corridor.