News
Catch up on the latest real estate news, updates, and development stories from African markets.
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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.
A new high-rise residential tower in Ikoyi targets Lagos's premium housing market by combining eco-friendly infrastructure, high-end amenities, and strict structural compliance standards.
Despite a N50 trillion financing gap and over 20 million deficit in housing, Nigeria’s N600 million listed REIT market remains underutilized for mass residential funding amid high interest rates and regulatory constraints.
Weak project financing, delayed infrastructure, and over-reliance on off-plan buyer deposits leave subscribers holding illiquid plots in stalled residential developments across Nigeria.
The FCT Administration has formally shut the secretariat of the dissolved committee overseeing the sale of Federal Government houses in Abuja. A new division within the Department of Land Administration will now handle related matters.
Bigger federal allocations could give Benue and Nasarawa more firepower for infrastructure development. The additional funding is expected to support projects aimed at improving roads, connectivity and broader economic activity
Lagos’ infrastructure ambitions could be undermined by weak coordination between key project stakeholders. LWC and Julius Berger are calling for closer collaboration to improve delivery and the city’s rapidly expanding infrastructure network.