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Vacancy rate rises 30% on shallow tenant  pool, diminishing retailer interest in 2nd tier cities

The uncertainty that defines Nigeria’s economic and political landscape in the past 12 to 15 months has, in more ways than one, impacted negatively on various sectors of the economy and, perhaps, no other sector has received more or worseRead More

Foreign artisans exit building, construction industry over exchange rate, patronage

Foreign artisans from neighbouring countries such as Togo, Benin Republic and Ghana are now leaving Nigeria in droves.The Nigeria’s building and construction industry has been among the hardest hit as government budget financing for projects. Read More

New report rates Lagos as most expensive African City in 2016

In the latest report published by a real estate firm, Savills, the firm noted that “Lagos has seen both a downward movement in office rent at -20 per cent and the effect of currency devaluation by the government -30 per centRead More

Lekki gridlock: Developer builds N30m road

An estate developer, Mr Kennedy Okonkwo, has constructed a N30 million road in Lafiaji area of Lekki, Lagos State. Okonkwo, who is the Chief Executive Officer of Nedcomoaks Limited said the road was part of his contribution towards solving transportation problems. Read More

Firms plans new N500m residential project

The management of Tetramanor Gardens Limited has unfolded plans for a new residential project at an emerging area of the Costain-Iponri area of Lagos, known as Olaleye New Town. The estate, according to the developer, is a new mid-market residential development planned. Read More


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