News
Afriland Properties appoints Agatha Obiekwugo as board chair
Afriland Properties Plc has appointed Agatha Obiekwugo as chairman of its board of directors, succeeding Emmanuel Nnorom, who is retiring after more than a decade in the role.
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Nigeria
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FirstBank, MREIF home loan scheme offers 9.75% fixed-rate mortgages to Nigerians
First Bank of Nigeria's home loan scheme with the MOFI Real Estate Investment Fund lets eligible Nigerians finance completed homes at a fixed 9.75 per cent interest rate over up to 20 years.
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Efficacy Development signs N50 billion commercial paper deal to accelerate housing delivery
Nigerian real estate developer Efficacy Development PLC has signed a N50 billion commercial paper agreement with Pathway Advisors Limited to complete ongoing projects and expand its housing portfolio.
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Ghanaian real estate firm targets Nigerian investors
Devtraco Group, a Ghanaian developer with more than three decades of experience, is courting Nigerian investors for its Accra luxury portfolio while exploring large-scale housing projects in Nigeria.
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Nigerian Developers Urged to Explore Cross-Border Real Estate Investment
Ghana-based real estate firm Devtraco Plus Nigeria Limited has called on Nigerian investors and developers to look beyond local borders, citing Ghana and Accra as compelling markets for cross-border property investment.
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Lagos moves to tackle illegal encroachment of open spaces in Ikoyi-Obalende
Lagos State, through LASISMA and the Ikoyi-Obalende LCDA, is moving to curb illegal encroachment of open spaces, setbacks and walkways, weeks after issuing a seven-day ultimatum to occupants of makeshift structures on public institution corridors.
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Fire destroys shops at Jabi building materials market in Abuja
A Sunday fire destroyed shops and goods reportedly worth millions of naira at Eda Plaza, a building materials market in Jabi, Abuja.
Article
Nigeria has tapped only 5% of its real estate potential, says Mayor of Housing
Real estate entrepreneur My-ACE China, known as the Mayor of Housing, says Nigeria has exploited only about 5% of its real estate assets and forecasts foreign inflows surging from $96bn to $960bn.
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ARAHA holds summit to bridge knowledge gaps, address misinformation in real estate
Isuan Agro Estate Ltd (ARAHA) hosted its Land Bankers Summit in Abuja, urging more government infrastructure in rural areas and better education for would-be property investors.