Home » Tag Archives: CNBC Africa

Tag Archives: CNBC Africa

Rising Number of Vacant Houses In Ikoyi Raises Concerns

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There is increasing concern over the rising number of vacant houses in the highbrow Ikoyi area of Lagos with a report estimating over 70 per cent of properties therein. What could be responsible for this? Why are the properties being abandoned?  A real estate developer and Chief Executive Officer of Sujimoto Construction, Mr. Sijibomi Ogundele, said the rise in the number ...

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Lagos Real Estate Sector Valued at $45.6bn

Lagos Real Estate Sector Valued at $45.6bn

Jonathan Millard, Chief Operating Officer, Troloppe Property Services joins CNBC Africa to talk Lagos Real Estate Realities. According to the Central Bank of Nigeria, the Lagos real estate sector is valued at 45.6 US dollar billion, 8 per cent of Nigeria’s GDP. In the challenging business environment, the rapid changes in real estate in Lagos, present opportunities and risks for ...

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