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Nigeria Sovereign Investment Authority 2014 Annual Result

On Friday, the Nigeria Sovereign Investment Authority released their annual result for the Year ending 31st December 2014. The results showed that the Authority’s Total Assets grew by 8% and Net Income rose from N505.7m to N13.9b. In October last year, NSIA CEO Uche Orji explained that its investment programme in the six months that followed would go ahead, even as […]

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Over $2.5bn in Nigerian Bank Acquisitions in 2014 (Infographic)

Initially Published - 8/12/2014. Updated - 12/2/2015. The Nigerian sector saw strong acquisition activity in 2014 with transactions totalling $2.5bn seen. International institutions were increasing their stakes in Nigerian banks to tap into the inherent potential observed in low penetration rates, while others were expanding existing operations or seeking exposure to Nigeria’s high risk-high return investment market. Qatar National Bank (QNB), Nedbank, […]

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Access to 6 Years of Nigerian Real Estate Research Reports

estate intel has a new tool that provides access to Nigerian Real Estate Research Reports spanning across the Nigerian office, retail, residential, hospitality sector from service providers, consultants and stakeholders. Currently, there is access to over 30 reports (more soon) with data on the Nigerian real estate market going back to 2009. Many are focused on Lagos […]

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Nigeria Needs $350bn For Housing and Regional Development

A new blueprint for infrastructure development devised by the National Planning Commission, entitled the National Integrated Infrastructure Master Plan (NIIMP) estimates that $3tn will be required in the next 30 years to build and maintain adequate infrastructure supplies. This was noted in a government sponsored This Is Africa report on ambitious infrastructural plans from Africa’s largest economy. 11% ($350bn) of the $3tn will be […]

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Africa’s Real Estate Investment Trust (REIT) Industry – Nigeria in Focus

Interest in the Nigerian REIT sector has grown significantly in recent months, the infographic below is our take on the African REIT sector with a focus on Nigeria.

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2014 Performance of Construction/Real Estate Equities

In 2014, downward spiraling oil prices, volatile currency markets and insurgency overshadowed Nigeria being named Africa’s largest economy. As foreign investors exited and bears dominated the investment landscape, the performance of core asset classes was abysmal. Equity markets were initially on course to produce ±-20% at year end, however a slight rebound in the last weeks of December allowed […]

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Nigerian Real Estate Market: 2014 Overview and 2015 Outlook

A recently published report by Northcourt Real Estate outlines the performance of core asset classes in the Nigerian investment landscape, with a special focus on real estate. It was noted that despite the dismal performance of other asset classes in 2014, activity in the real estate sector remained robust. As Lagos is the commercial capital of the Nigeria, […]

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Research Note: Analysis of Nigeria’s Newest REIT

Here’s a short research note with a few thoughts on the new REIT, Haldane McCall Real Estate Investment Trust. Haldane McCall owns The Suru Group, a private limited company focused mainly on residential developments and the hospitality sector in Lagos. They have already commenced an initial public offering, which will be closing on the 14th of January next year. IPO Background & Strategy They are […]

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New Nigerian REIT commences IPO

Haldane McCall Real Estate Investment Trust (HMK REIT) have begun an Initial Public Offering (IPO), which will close on January 14th, 2015. Haldane McCall owns The Suru Group, a private limited company focused mainly on residential developments and the hospitality sector. They are behind the Best Western Hotel Brand in Ikeja and other low-mid market hotels. They are […]

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AXA Completes Acquisition of Mansard Insurance Majority Stake

AXA announced on the 8th of November that it had completed the acquisition of 100% of Assur Africa Holdings, which holds a 77% stake in the composite insurance company Mansard Insurance plc, for a total consideration of €198 million ($245m). Through the acquisition of a majority stake in Mansard Insurance plc, AXA would further strengthen […]

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