Afriland Properties Hits N4.07bn Revenue, Declares Dividend
Afriland Properties Plc reports N4.07bn revenue for 2025, up 8% from prior year. Gross profit rises to N3.51bn. Dividend of 24 kobo per share approved.
Category : Real Estate
Housing Minister Resumes, Vows Sustainability in Projects
New Minister of Housing Muttaqha Rabe Darma resumes duty, promising sustainability in housing projects and urging occupants to maintain homes, not rely on government.
UPDC MD Warns on Diaspora Investment Risks, Housing Challenges
UPDC MD Odunayo Ojo highlights risks for diaspora investors and barriers to affordable housing, calling for government support and verification.
Metro & Castle Provides Affordable Luxury Homes in Lagos
Metro & Castle focuses on affordable luxury homes and community development in Lagos, targeting diaspora Nigerians. CEO Abdul Adekunle shares progress on housing units and retail outlets.
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Infrastructure, Urban Renewal Reshape Nigeria Housing
A new report reveals that infrastructure projects and urban renewal are transforming Nigeria's real estate market, with rental prices rising and regional demand shifting across the country.
Policy Alignment Key to Unlocking Nigeria Housing Potential
Ezekiel Ryan of Zeeks Homes highlights policy alignment as crucial for Nigeria's housing sector, emphasizing mid-income housing, incremental building, and technology adoption.
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Lagos Allocates Land for Downtown Commercial City
Lagos State allocates land for Downtown Lagos in Ibeju-Lekki, a private commercial city project, as infrastructure and investments drive urban expansion.
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QShelter's 2004 M00VE Experience Promotes Fitness and Housing
QShelter Limited partnered with The Fitness Religion Company to host the first '2004 M00VE Experience' fitness event at the 2004 Estate in Lagos, featuring marathons, aerobics, and sports activities to promote wellness and showcase sustainable housing sol
Data Gaps Undermine Real Estate Investment Decisions
Incomplete or outdated data in real estate leads to inaccurate valuations, flawed financial analysis, and reduced investor confidence, highlighting the need for technology-driven solutions to bridge information gaps.
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Abuja Access Drives Real Estate ROI in Kurudu
Improved road connectivity to Abuja's Central Business District is fueling real estate growth in Kurudu, with rental values rising and developments like Delliot Residences offering investment opportunities.
Akwa Ibom Governor Eno Completes 1,048 Housing Units in 3 Years
Akwa Ibom State Commissioner Aniekan Umanah announces Governor Umo Eno's administration has completed and delivered 1,048 housing units across various sectors in three years, including free homes for civil servants and vulnerable persons.
Nasarawa Traders Alarm Over Illegal Government Land Sale in Lafia
Traders in Nasarawa State have raised concerns about the illegal sale of government-owned land in Lafia, calling for intervention to prevent potential unrest.
Energy, Transport Costs Drive Office Space Demand Mismatch
Rising energy and transportation costs in Nigeria, especially in Lagos, are forcing businesses to adopt remote and hybrid work models, leading to a mismatch in office space demand and supply, with vacancy rates increasing.
NIESV Charts Real Estate Strategy for Infrastructure Corridors
Estate surveyors and valuers from NIESV have detailed strategies to align real estate development with infrastructure investments, emphasizing data-driven planning and sustainable urban growth in Nigeria.
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Gas-Powered Hubs Advocated to Cut Nigeria's Housing Costs
Industry stakeholders urge the establishment of gas-powered industrial hubs for local building materials to tackle Nigeria's 22 million housing deficit and reduce costs, as discussed at a Port Harcourt summit.
Periwinkle Launches Luxury High-Rise Joint Venture in Banana Island
Periwinkle Empire partners with Bozac Continental and Legacy Automobile to develop a luxury high-rise condominium in Banana Island, Lagos, targeting premium residential demand.
FG Hands Over 200 Housing Units to Kwara Government (19.04.2026)
The Federal Government has officially transferred 200 semi-detached housing units to Kwara State under the National Housing Programme, following full payment by the state, marking a key step in affordable housing initiatives.
Lekki Housing Project Focuses on Compliance and Design
A new residential development in Lekki, Phoenix Apartments, emphasizes regulatory compliance and structured construction. The project introduces fractional ownership to broaden property investment access, with a two-bedroom apartment priced at N260 millio
FG Hands Over 200 Housing Units to Kwara Government
The Federal Government has officially transferred 200 semi-detached housing units to Kwara State under the National Housing Programme, marking a significant step in affordable housing initiatives and intergovernmental collaboration.
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Lady Returns to Father's House After Rent Hits N3.2M
A Nigerian woman vacated her Lagos apartment after her landlord increased the rent by 150% to N3.2 million annually. She relocated to her father's property in Port Harcourt, sparking online discussions about housing affordability.
Devtraco Group Taps Nigerian Interest in Ghana Real Estate
Devtraco Group hosted a private investor preview in Abuja, targeting Nigerian investors with prime Ghanaian real estate opportunities like Arlo Cantonments and Forte Residences.
FG, Sinoma Seek Tech for Affordable Housing Delivery
The Federal Government collaborates with Sinoma New Materials Nigeria Company Limited to explore innovative technologies for affordable housing, focusing on sustainable construction and local material manufacturing.
NIESV Conference to Shape Nigeria's Real Estate Sector
The 56th annual conference of the Nigerian Institution of Estate Surveyors and Valuers in Umuahia aims to redefine real estate development through infrastructure corridors, connectivity, and capital flow, with Governor Alex Otti pledging state partnership
Man Tours Grandfather's Abandoned Hotel, May Sell for N2 Billion
A Nigerian TikToker has shared a video of his grandfather's massive unfinished hotel in Warri, abandoned for 30 years. The family is considering renovation or selling the property for over N2 billion, sparking online debate about its future.
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Landlords Block Solar Panel Installations, Tenants Speak Out
Four Nigerian tenants share their struggles after landlords prohibited them from installing solar panels on rooftops, highlighting the ongoing electricity crisis and housing challenges.
Oborevwori: Obi Cubana's Millennium City to Transform Asaba
Delta State Governor Sheriff Oborevwori has commended entrepreneur Obi Cubana for his Millennium City project in Asaba, describing it as a transformative urban development that will redefine the city's economic and physical landscape.
Experts Push Global Standards for Nigeria's Luxury Real Estate Confidence
Real estate professionals call for adoption of global best practices and improved information access in Nigeria's luxury property market to enhance investor confidence and accelerate growth.
Energy Crisis Fuels Service Charge Disputes in Nigeria
Rising energy costs from global crises and Nigeria's grid failures are driving conflicts between tenants and facility managers over service charges, pushing real estate toward alternative solutions like solar power.
Lagos Mandates Digital Building Permits, Ends Manual Process
Lagos State Government has outlawed manual building approvals, enforcing a full shift to the Electronic Physical Planning Process System (EPPPS) to curb delays and regulatory loopholes in the property sector.
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NIESV Calls for Strategic Real Estate Planning in Nigeria
The Nigerian Institution of Estate Surveyors and Valuers urges integrated planning and regulatory reforms to align real estate with infrastructure investments for inclusive, sustainable growth.
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