News
Afriland Properties appoints former NNPC Properties MD Ayobami-Ojo to board
Afriland Properties Plc has named Iyabode Olayemi Ayobami-Ojo, former Managing Director of NNPC Properties Limited, as an Independent Non-Executive Director.
Category
Market news
Published stories attached to the Market news category.
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News
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.
News
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.
Article
Ivory Coast home-hunters' struggle highlights Africa's deepening housing crunch
As Abidjan's population tops six million, a UN-Habitat report says Sub-Saharan Africa has the world's highest rate of rental unaffordability, with households spending over 30% of income on rent.
News
Kenyan court clarifies what land buyers can recover after fraudulent deals collapse
A ruling by Kenya's Environment and Land Court in Kisumu shows land buyers can recover money paid and expenses directly linked to a failed transaction — but only where the costs are proven and tied to the deal.
News
TDC Development Company more than triples net profit to GH¢195.6m in 2025
Tema-based state housing developer TDC Development Company grew net profit to GH¢195.61 million in 2025, up from GH¢59.99 million in 2024, helped by a fair value revaluation of its investment properties.
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.
Article
10 most expensive African cities to rent a 2-bedroom apartment in 2026
Average annual rent for a high-end two-bedroom apartment exceeds $40,000 in Abidjan, Africa’s most expensive rental market, according to a Fortren & Company report.
News
Only 31% of Lagos residents own homes as rents surge — Report
Lagos has a homeownership rate of 31%, with 51% of residents living in rented accommodation, according to a report by Fortren & Company.