News by Country
Published stories attached to Nigeria.
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Nigeria’s retail property market is feeling the pressure as shoppers spend less and mall sales slow down. Rising living costs and economic strain are now reshaping how retailers use commercial space across the country.
Buildings are still collapsing across Nigeria, and industry experts say many deaths could have been avoided. Stakeholders are now warning that weak enforcement, poor materials, and rushed construction are pushing the country deeper into a housing safety crisis.
Nigeria’s housing shortage is expanding faster than developers can build. New research says the country may need millions more homes this decade just to keep pace with population growth.
Nigeria’s housing crisis is now being worsened by soaring diesel prices. Developers say fuel costs are increasing everything from material transport to construction site operations.
A massive new mixed-use “Olympic City” is being developed in Lagos to combine housing with sports infrastructure. Developers say the project could help ease the city’s housing shortage while creating dedicated athlete facilities.
Buying property in Lagos just became significantly more expensive. The state has sharply increased land transaction fees after updating property valuations to match current market prices.
Nigeria’s booming off-plan property market is exposing buyers to rising fraud and abandoned projects. Legal experts say weak regulation is leaving investors vulnerable after paying upfront for homes that do not yet exist.
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.