News by Country
Published stories attached to Nigeria.
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Page 4 of 52
Lagos State has allocated land to the Shangisha Landlords Association in Magodo GRA Phase 2, moving to enforce a 2012 Supreme Court judgment after a dispute that has run for about four decades.
Abbey Bank, formerly Abbey Mortgage Bank, says its non-performing loan ratio has fallen from about 80% to zero as it moves into regional commercial banking with a digital-first model.
A bill given first reading in the House of Representatives would bar landlords and agents in the Federal Capital Territory from compelling tenants to pay more than a year's rent upfront, and would create a dedicated tenancy regulator.
KAB Construction Limited is developing Lekki Courts, a 350-unit residential estate on Orchid Hotel Road in Lekki, Lagos, which its promoters say is being financed without bank loans or off-plan sales.
The studio apartments commissioned by the Abuja Property Development Company at Hilltop Residence cost N15 million, with a 10 per cent deposit equal to more than 21 months of gross earnings for a minimum-wage worker.
KADGIS has warned the public against buying plots in six police barracks in Kaduna State, saying it never approved a land layout there or authorised Aftech Industries Limited to sell or allocate land.
Shelter Afrique Development Bank and Vista Group Holding have signed a memorandum of understanding to channel long-term capital into affordable housing across West Africa.
Sujimoto Group has announced a 49-storey luxury hotel in Lagos that would sell individual suites to investors from $150,000, as it positions the project as Nigeria's tallest hotel.
Shareholders of Infinity Trust Mortgage Bank have approved a N50bn capital raise that can be executed through a rights issue, private placement or public offer, as the mortgage lender positions itself for expected sector capital rules.