News by Country
Published stories attached to Nigeria.
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Page 25 of 52
The Federal Ministry of Housing and Urban Development and the Chartered Institute of Project Managers of Nigeria (CIPMN) have agreed to collaborate on improving project management and delivery in the housing sector.
Nigeria Real Estate Investment Trust grew pre-tax profit by 328.17% year on year to N6.05 billion in the first half of 2026 and declared a N1.72 per unit distribution.
The cost of building materials in Nigeria has risen by about 420 per cent in five years, pricing developers and homeowners out of the market and worsening a housing deficit now estimated at over 28 million units.
Abuja-based K-Haven Luxury Homes and Properties says it will begin property development in Abuja and Lagos, targeting quality construction at reasonable prices and offering diaspora Nigerians managed building projects with progress monitoring.
Developers are increasingly seeking financing for housing projects in prime Lagos areas such as Ikoyi, Victoria Island and Lekki, driven by infrastructure and growing middle-class prosperity, says Sage Grey Group Managing Director Temitope Runsewe.
The Federal Government says it is ready to deepen engagement with TEC Engineering (Nigeria), a China Railway International Group subsidiary, on large-scale housing delivery, urban renewal and public-private partnerships.
FirstTrust Mortgage Bank has launched a suite of mortgage and real estate development products with facilities of up to N250 million and repayment tenors of up to 20 years, targeting individual buyers, self-employed professionals and commercial developers.
With the Federal Housing Authority breaking ground on a 241-unit estate in Osogbo and land still comparatively affordable, developers and analysts say Osun State is becoming one of the more closely watched housing markets in Nigeria's South-West.
The Kaduna State House of Assembly is considering legislation to regulate residential rents across the state, as rising accommodation costs put increasing pressure on household incomes.