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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.
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News
Eight feared trapped as two-storey building collapses in Ilorin
No fewer than eight people are feared trapped after a two-storey building collapsed in Ilorin, the Kwara State capital, in the early hours of Tuesday.
News
Isuan Agro Estate holds first Land Bankers Summit in Abuja
Isuan Agro Estate Ltd (AHARA) has held the maiden edition of its Land Banker Summit in Abuja to bridge knowledge gaps on real estate and land investment in Nigeria.
Article
Lagos shortlet boom puts operators under pressure as supply keeps rising
Shortlet operators in Lagos face growing pressure as more properties enter the market, making scale, cost management and marketing key to staying competitive, industry players said at the Edala Investor's Summit 2.0.
News
FG delivers 129 FMBN-funded housing units, pledges 122 more by year-end
The federal government has handed over 129 housing units to beneficiaries of the FMBN Rent-to-Own programme in Nasarawa State and promised to deliver the remaining 122 units before the end of 2026.
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EFCC recovers N1.23trn, $684m and 1,177 real estate assets in three years
The EFCC says it recovered N1.233 trillion and $684.48 million for governments and individuals between October 2023 and June 2026, including 1,177 real estate assets.
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FIABCI Nigeria elects Ayodeji Odeleye as president, pushes global best practices
The International Real Estate Federation's Nigeria chapter has elected Ayodeji Odeleye as its new president and inducted 16 new members at its annual general meeting in Lagos.
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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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.