News by Country
Published stories attached to Nigeria.
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Nigerian real estate offers diaspora investors a unique opportunity to build wealth through property appreciation and rental income, backed by government mortgage schemes designed for citizens abroad.
Landmark Africa CEO Paul Onwuanibe says Nigeria's tourism, real estate and hospitality sectors are shifting toward integrated destinations as consumers increasingly value experiences over standalone property.
Ghanaian business leader Sir Sam Jonah disclosed that a significant real estate investment in Nigeria has faced sustained harassment by state agencies, warning that such treatment could undermine intra-African investment and trade.
Nigerian luxury property developer Sijibomi Ogundele says his Sujimoto Group has repaid more than N40 billion ($29.8 million) in debt and aims to be debt-free by January 2027, while an EFCC investigation into alleged fund diversion at Enugu's Smart Green Schools project continues.
The Taraba State Government has formally taken over the 188 housing units built under the federal National Housing Programme, with Governor Agbu Kefas requesting more federal housing projects in the state.
The Economic and Financial Crimes Commission has arraigned Yusuf Ademola Oyepeju and his two companies before an Oyo State High Court over the alleged conversion and sale of a Dubai-based Nigerian cleric's property in Ibadan.
Building sector operators say the erratic surge in cement prices, with a 50kg bag of Dangote Cement topping N15,000 in some locations, is driving up construction costs, property values and rents.
Real estate expert Moshood Ajeniya says rising prices, rents and construction costs are pushing more middle-class Nigerians toward long-lease property ownership, which needs far less upfront capital than buying outright.
Two residents were rescued alive after the ground floor of a six-flat building collapsed in Kubwa, Abuja, with no fatalities recorded.