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Heavy Lagos Floods Submerge Homes, Expose Urban Drainage Gaps
Days of heavy rainfall have left homes underwater across parts of Lagos. The flooding is once again raising questions about the city's resilience as extreme weather intensifies.
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Nine Dead After Lagos Building Collapse Triggers Safety Crackdown
A deadly building collapse in Lagos has renewed concerns over construction safety. Authorities have now ordered inspections of nearby structures as rescue efforts come to an end.
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Nigerian Banker Launches $25m Fund to Acquire Struggling Property Firms
A new $25 million investment fund is targeting distressed real estate companies across Nigeria. The strategy aims to turn struggling businesses into regional property powerhouses.
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Lagos Overtakes Nairobi, Johannesburg as Africa’s Priciest Office Market
Building premium office space in Lagos now costs more than anywhere else in Africa. Rising demand and soaring construction costs are reshaping the continent’s commercial real estate landscape.
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NDLEA Auctions Drug Lords’ Properties for Over ₦6 Billion
Luxury properties once owned by convicted drug traffickers have been sold to the highest bidders. The auction generated more than ₦6 billion as authorities intensify efforts to strip criminals of their illicit wealth.
Article
NDLEA Sells Seized Lagos Hotel for ₦5.9 Billion
A luxury Lagos hotel confiscated from convicted drug traffickers has been sold for ₦5.9 billion. The sale forms part of a wider government asset recovery drive that generated over ₦6.1 billion from forfeited properties.
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Lagos Tenancy Reform Sparks Clash Over Rent Control Plans
A proposed tenancy reform in Lagos is dividing stakeholders over rent caps, eviction timelines, and agent regulation. While some see protection for tenants, others warn it could destabilise the rental market.
Article
Nigeria’s Rental Market Is Getting a Full Digital Overhaul
A new proptech platform is trying to fix Nigeria’s fragmented rental system with an end-to-end digital solution. It could change how tenants find homes, pay rent, and manage property services.
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Short-Let Apartments Are Taking Over Nigeria’s Rental Market
Annual rents have become so expensive that landlords are ditching long-term tenants. Short-let apartments are rapidly becoming the more profitable choice across Nigeria’s major cities.