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Video: Nigeria’s retail industry forecast

Culled from CNBC Africa. Nigeria’s retail industry experienced a boom between 2009 and 2015, growing at 40 per cent per annum in that period. Dolapo Omidire, Lead researcher at Estate Intel joined CNBC Africa to discuss the evolution of retail in Nigeria. Download the report here.

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Data: Real Estate & Construction Accounted for 9.07% of Banking Sector Credit in Q2 ’17

Newly published data from the Nigerian Bureau of Statistics illustrates that the Real Estate and Construction sectors accounted for 9.07% of banking sector credit in Q2:2017. Of the N15.7tr extended by the banks during Q2:2017, ₦795bn (5.06%) was for the real estate sector while ₦631m (4.01%) was for the the construction sector. Quarter on Quarter […]

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ei Report: Extended Newsletter for the Real Estate Market in July 2017

Download your copy of the Extended Newsletter for the Real Estate Market in July 2017. Join our newsletter to make sure you receive this document as soon as it is sent out.

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ei Report: Boom & Bust – The past, present and future of Nigerian retail

Hacking the African retail sector has been a significant driver of investment activity in the region over the last decade. Every piece of literature regarding Sub-Saharan Africa and the ever-prominent Africa Rising narrative points to the continent’s large rapidly urbanising population, young demography and its now disputed rising middle class. The investment activity discussed, has […]

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Afreximbank, Kings College Hospital and Nigerian Ministry for Health Sign Hospital Development MoU

The African Export-Import Bank (Afreximbank), Kings College Hospital (KCH) London, and the Nigerian Ministry of Health have entered into a memorandum of understanding (MoU) to collaborate in developing a centre of excellence for healthcare in Nigeria. The centre will specialise in the treatment of cancer and sickle-cell diseases and will cover four broad areas of medical […]

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Lagos Instructs Owners of Properties on Drainage Channels to Vacate or Risk Removal

In a press release published by the Lagos State Government, owners of properties erected on drainage channels that impede the free-flow of water were instructed to immediately vacate or risk being removed. The notice comes shortly after severe flooding affected most of the Island region of Lagos including some of the city’s most affluent neighbourhoods such […]

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Lagos State Seeks to Review Tenancy Law of 2011

The Lagos State Law Reform Commission has identified the need to review certain provisions of the existing Lagos State Tenancy Law of 2011 according to a press released published by Lagos State. The review will be done with a view to ensure fairness and to reposition the law to reflect present societal values and realities. […]

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Lagos Land Registry Commissions Thompson Reuters Suite to Improve Title Perfection Process

On the 6th of July, Governor Ambode commissioned the upgraded and redesigned Land Registry of the State as part of new reforms put in place to re-position land administration for efficiency. The new registry is equipped with a Thomson Reuters suite of technology modules designed to: Conduct rapid inventory of actual/existing land rights, Automate and […]

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This S&P 500 REIT Made $215m in Operating Revs from its Nigerian Assets in 2016

The American Tower Corporation (ATC), an independent owner, operator and developer of multi-tenant communications real estate (cell towers) generated over $215m in operating revenues during 2016 from its towers owned in Nigeria, according to their 2016 year-end financial statements. The corporation, which is a member of the S&P 500 index, is one of the largest […]

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CBRE Expects Next Wave of Anticipated Growth in African Property in 3 – 5 Years

CBRE expect that the African real estate market in terms of development, rents and investment appetite, will begin to experience its next wave of anticipated growth over the next 3 – 5 years. The view is a product of a recent roundtable breakfast hosted by CBRE (leading global real estate adviser) and DLA Piper (multinational […]

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