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Court nullifies 2014 takeover of Lagos property firm, orders CAC to expunge records
A Federal High Court in Lagos has nullified an alleged 2014 attempt to take control of a 30-year-old property company through disputed corporate filings.
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MREIF disburses over N140bn in mortgages to 2,000 Nigerians across 27 states
The MOFI Real Estate Investment Fund has disbursed more than N140 billion in mortgage loans to over 2,000 Nigerians across 27 states since its mortgage operations began in April 2025, according to ARM Investment Managers.
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Developers urged to build flood resilience into Lagos estate planning from the start
Octo5 Holdings executive director Lauretta Odusolu says property developers in Lagos must move from a 'build first, solve drainage later' approach to treating flood resilience as part of initial estate design.
Article
Lagos real estate boom is worsening flood risk as wetlands disappear, studies warn
Researchers say rapid urbanisation and land reclamation for real estate development in Lagos are reducing the natural flood buffering of wetlands, with more than 60% of the megacity's urban areas projected to face extreme flooding by 2050.
Article
Commercial leases: How startups can secure favourable office rent
A carefully negotiated commercial lease can give a Nigerian startup financial flexibility and clarity on landlord and tenant responsibilities — but founders must look beyond the advertised rent, property experts advise.
Article
Lagos land scarcity is pushing homes into the sky, Elara CEO says
With developable land in Lagos shrinking and prices climbing, developers are turning to high-rise residential buildings to fit more homes on expensive parcels, Elara Development's CEO tells Nairametrics.
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Abuja needs credible, transparent, predictable property market, says former town planners' president
Former Nigerian Institute of Town Planners president Nathaniel Atebije says Abuja needs a credible, transparent and predictable property market to protect investors and residents amid ongoing building demolitions.
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Springpet Homes rebrands as Springpet Development
Springpet Homes Limited has changed its corporate identity to Springpet Development Limited, reflecting an expansion from residential housing into broader real estate and infrastructure development.
News
Lagos prime land costs $1 million for 507sqm, second most expensive in Africa
Prime land in Lagos costs about $1 million for 507 square metres, making it the second-most expensive market among 11 major African cities surveyed in an Estate Intel report.