The Central Bank of Nigeria (CBN)’s recent hike in interest rate to 27.75 percent could raise construction and maintenance costs across the nation, operators in the Nigerian real estate sector said. They noted that banks could be lending at almost 40 percent, shutting out developers from the ...

Commercial development activity in Lagos State declined by 11 percent year-on-year (YoY) in 2023 due to Nigeria’s economic challenges underpinned by record-high inflation, and a weakening currency, near report has revealed. This aligns with analysts’ view that the macroeconomic climate is ...

Professionals under the aegis of Corporate Professional Colleagues (CPC) have canvassed support for the candidacy of Jimoh Ibrahim who is aspiring for the governorship of Ondo State on the platform of the ruling All Progressives Congress (APC). The professionals, who described themselves in a ...

As the cement price continues to defy manufacturers-government agreement and presidential directive to the producers to bring down their price, experts and real estate operators are suggesting recipes that could drag down the price from the high horse where it is to an affordable level. As ...