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Real Estate Realities in Nigeria

Demand in the real estate market weakened in the first quarter of the year, however, property prices remain stable. Munachi Okoye, founder and CEO of MCO Real Estate joins CNBC Africa for focus on Nigeria’s real estate sector. Watch video below:

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China State Rail Company Signs Deal Worth $5.5bn With Nigeria & Zimbabwe

According to the Financial Times, state-owned China Railway Construction Corp. (CRCC) has signed two contracts worth nearly $5.5 billion with Nigeria and Zimbabwe. The Nigerian project further cements the company’s leading role in the Nigerian construction industry, and is also a milestone in the “going global” of Chinese railway, said Meng Fengchao, board chairman of CRCC. Citing stock exchange filings ...

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Homeowners file suit against Lagos property developer

Homeowners within the Pearl Garden Estate situated at Sangotedo Village in Eti-Osa Local Government Area of Lagos State have sued a property developer, Oyetubo Jokotade and his firm, Estate Resource Limited over alleged incessant harassment and imposition of arbitrary charges. The claimants in the suit which is before Justice Abisoye Bashua of the Lagos State High Court sitting in Epe ...

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Knight Frank Nigeria clocks 50

Headquartered in Lagos, Knight Frank Nigeria – trading as Knight Frank Nigeria Partnership – has grown to be one of the largest firm of estate surveyors and valuers in Nigeria and across Sub-Saharan Africa. Founded in Nigeria in 1965, the partners attributed the firm’s growth down to their high-standards of professionalism, commercial acumen and integrity. Knight Frank Nigeria is part ...

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AEAN, NIESV, seeks rebranding for estate agency

niesv

The first annual conference estate agency, coming under the Association of Estate Agents in Nigeria (AEAN), in conjunction with NIESV, with the theme: “Branding and Public Perception of Estate Agency Practice in Nigeria” was staged by the bodies which brought together stakeholders at the Lagos Airport hotel, Ikeja in Lagos Nigeria, last Thursday. The event had in attendance government officials ...

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UN-Habitat suggests seven point agenda to transform Nigerian cities

The United Nations Human settlements programme (UN-Habitat) has proposed a seven point housing agenda, and if adopted by the in-coming Buhari administration, this could transform Nigerian cities into functional, productive, equitable, resilient and safe place to live in. The proposed agenda is consistent with research findings and policy advocacy that the agency have pursued over several years, harped on the ...

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