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Posts Tagged "real estate"

HomePosts Tagged "real estate"

The Lagos State Government is to invest 500 million dollars on redesigning and completion of housing units at Ilubirin and Ijora-Badia. The state’s Commissioner for Housing, Mr Gbolahan Lawal, made the disclosure in an interview with the News Agency of Nigeria on Wednesday in Lagos. Lawal said the investment would be done in collaboration with […]

* Property prices drop sharply in Nigeria due to recession * Nigeria attractive only for high-risk investors with patience * Nigeria will need more housing, malls due to population growth * Some South African funds invest in West African nation By Alexis Akwagyiram LAGOS, Oct 20 (Reuters) – A property market crash in Nigeria offers […]

Expectation is high among real estate stakeholders that there will be a rebound in activities and more foreign investments in the sector following the announcement of a single forex market by the Central Bank of Nigeria (CBN) which put paid earlier rigid forex regime that cast a cloud of uncertainty around the economy. Arguably, in […]

By Nkiruka Nnorom The Chairman of UACN Property Development Company (UPDC) Plc, Mr. Larry Ettah, has said that the Nigerian real estate sector is plagued by the on-going foreign exchange crisis. He said as a result of these restrictions, most retailers in existing malls are demanding reduction in rentals, while occupancy levels have been adversely […]