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Published stories attached to Nigeria.
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Regulatory and approval charges across the building process in Lagos are getting closer to 30% of the total cost of some projects, practitioners told Nairametrics, warning that delays add to the burden.
Anambra State has given landowners until December 31, 2026 to recertify their old Certificates of Occupancy, warning that the old land administration system will be shut down indefinitely after the deadline.
The Federal Ministry of Housing and Urban Development and the Chartered Institute of Project Managers of Nigeria (CIPMN) have agreed to collaborate on improving project management and delivery in the housing sector.
Nigeria Real Estate Investment Trust grew pre-tax profit by 328.17% year on year to N6.05 billion in the first half of 2026 and declared a N1.72 per unit distribution.
The cost of building materials in Nigeria has risen by about 420 per cent in five years, pricing developers and homeowners out of the market and worsening a housing deficit now estimated at over 28 million units.
Abuja-based K-Haven Luxury Homes and Properties says it will begin property development in Abuja and Lagos, targeting quality construction at reasonable prices and offering diaspora Nigerians managed building projects with progress monitoring.
Developers are increasingly seeking financing for housing projects in prime Lagos areas such as Ikoyi, Victoria Island and Lekki, driven by infrastructure and growing middle-class prosperity, says Sage Grey Group Managing Director Temitope Runsewe.
The Federal Government says it is ready to deepen engagement with TEC Engineering (Nigeria), a China Railway International Group subsidiary, on large-scale housing delivery, urban renewal and public-private partnerships.
FirstTrust Mortgage Bank has launched a suite of mortgage and real estate development products with facilities of up to N250 million and repayment tenors of up to 20 years, targeting individual buyers, self-employed professionals and commercial developers.