News by Country
Published stories attached to Nigeria.
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Page 18 of 34
Annual rent inflation in Nigeria jumped to 33.74 percent in July from 14.79 percent in June, according to National Bureau of Statistics data, even as headline inflation eased.
Nigeria's real estate bubble faces an imminent market correction as construction costs surge 100 percent, rents climb 200 percent, and affordability collapses, analysts warn.
Nigeria's 14.9 million-unit housing deficit is pushing policymakers and developers toward incremental housing, cooperatives, rent-to-own and public-private partnerships, as experts warn affordability, finance and infrastructure gaps still block scale.
The Nigerian Institution of Estate Surveyors and Valuers has warned that taxation, inflation and government fiscal policies are increasingly shaping the value and performance of real estate assets.
Nigeria's real estate market is projected to grow from $32.2 billion in 2025 to $40 billion by 2030, driven by urbanisation and rising demand for residential, commercial and industrial property.
Veritasi Homes & Properties Plc has formally executed a ₦50 billion Non-Interest Commercial Paper (CP) Programme. The ethical financing initiative will accelerate the delivery of residential communities across Nigeria while expanding the developer's presence in key markets.
Nigerian PropTech startup NestFlow secures contracts worth ₦14 million by targeting operational gaps—such as poor follow-ups, missing inventory, and untracked maintenance—that drain profits in hotels and serviced apartments.
New roads and landmark infrastructure under the FCT Administration are unlocking peripheral districts like Katampe, Guzape, and Apo, but resulting land speculation and steep rent hikes are pricing out small businesses and middle-income residents.
China commits an RMB 200 million (approx. ₦40.3 billion) grant to Nigeria to fund mutually agreed development projects, reinforcing economic cooperation under the China-Nigeria Comprehensive Strategic Partnership.