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Tag: Real Estate

Why affordable housing can't be realistic in Nigeria - Developers
Real Estate

Tinubu to inaugurate 3,112 housing unit projects in Abuja

President Bola Tinubu will start building a 3,112 housing project in Phase 3, Karsana District, Federal Capital Territory, on Thursday. According to a statement on the ministry’s official X handle, this historic occasion marks the formal beginning of the Ministry of Housing and Urban Development’s Renewed Hope Cities and Estates Programme. Recall that the Federal […]

Lekki Gardens pays back N3.5bn bond
Real Estate

Lekki Gardens retains BBB+ rating

Nigerian real estate company, Lekki Gardens, has its national scale long-term and short-term issuer ratings affirmed by Global Credit Ratings at BBB+ and A2, respectively, with a stable outlook. The PUNCH reported that according to a statement released by GCR on Thursday, the rating demonstrated that “Lekki Gardens’ well-managed liquidity and modest leverage metrics have supported the […]

Knight Frank launches learning hub for fresh graduates
News

Knight Frank launches learning hub for fresh graduates

A real estate company, Knight Frank, as part of its initiatives to foster professionalism among recent graduates who have not yet made their mark on the job market, has developed a learning center. According to The Punch, the learning hub will assist in bridging the knowledge gap by preparing a fresh approach to talent development for the real […]

Business

Operators blame greed for decline in housing sector

Real estate professionals have blamed greed for the decadence in the country’s real estate market. The Punch reported that the chief executive officer of Land Republic, Victor Adegbile, stated that developers needed to adopt a value system that prioritized people before money. According to him, a nation cannot stand if it prioritizes financial gain over the security […]

Construction firms borrowed N21tn in four years – Report
Business

Construction firms borrowed N21tn in four years – Report

Real estate and construction enterprises in the country were able to acquire loans totaling N21.89 trillion in four years. According to The Punch, a review of the National Bureau of Statistics’ GDP report for the period between 2019 and 2022 revealed that the sector also contributed N93.14 trillion to Nigeria’s GDP during that time. The […]

CEO of Eystone, Hassan Ismail
Business

Real estate firm urges CEOs to adopt digital strategies

The CEO of Eystone, a real estate development company in Lagos, Hassan Ismail, emphasized the significance of implementing a digital strategy and utilizing data-driven decision-making to drive business success and growth. According to The Punch, Ismail made this statement at a digital strategy bootcamp held in Lagos, which was organized by Hassan Ismail Consulting for […]

Nigeria's leading real estate company, Afriland Properties
Business

Afriland assets hit N19bn in 2022 – Report

A leading  real estate company, Afriland Properties Plc has reported that its overall assets rose by 12 per cent from N17.3bn in 2021 to N19.4bn in 2022. This information was made known in a statement regarding the company’s audited financial results for the year that ended on December 31, 2022, accessed by The Punch. According […]

Over one million Canadian applications pending despite backlog drop
Housing

Nigerian real Estate stakeholders hail Canadian property policy

Real Estate Stakeholders have said that Canada’s decision to foreign property investors would positively impact the Nigerian real estate market.   Recall, that the Canadian government on June 23, 2022, introduced a policy banning non-canadian citizens from buying residential properties as investments effective from January 1, 2023.   According to a CNN report, the law […]

Housing News

Real Estate firm invest ₦20bn on FMDQ

A real estate firm, Magnificent Multiservices Limited, in its pursuit of housing solutions for Nigeria registered ₦20 billion series 1 Commercial Paper programme. According to The Punch, the series 1 Commercial Paper programme was registered on the FMDQ Securities Exchange platform. Of the ₦20 billion investment proposed for its city and estate developments through Radial […]