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Increasing Tenant Depth is Key for Growth in Nigeria’s Retail Sector

The pool of retailers operating within the Nigeria’s rapidly growing retail market is relatively small. Many including Shoprite, have ties with South Africa, a country that has played an integral role in the development of modern retail in the Nigeria. However, 10 years after country’s first modern mall (The Palms, Lekki) was built, a handful of the South African as well as […]

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The Nigerian Sovereign Wealth Fund Can’t Save Nigeria’s Economy Just Yet

In 2012, the Nigerian Sovereign Investment Authority (NSIA) was created to drive sustained economic development for the benefit of all Nigerians by building savings, enhancing infrastructure development and providing stabilisation support in times of economic stress. The NSIA manage the country’s Sovereign Wealth Fund. This is simply an investment fund owned by government of a sovereign […]

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Development: Temple Tower, Ikoyi – Lagos

Temple Tower is another addition to the growing list of developments on Ikoyi’s major commercial node, Alfred Rewane Road. It is a 15 floor office development being built by YF Construction, the group behind NIPOST/Energy Towers on Adeola Odeku Road, V.I. and 21 Gerard Apartments on Gerard Road, Ikoyi. Temple Tower was completed before in Q4 2015. It is […]

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Lagos State Is Trying To Make The Mortgage Board More Independent

Earlier this week the property sector saw yet another legislative amendment from the Lagos State Government. This time, changes were made to the Lagos State Mortgage and Property Law of 2010 in a bid to make the State’s Mortgage Board more independent with less interference from individuals or bodies during the discharge of its duties. […]

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Opinion: 6 Challenges facing the Nigerian REIT Industry

Last month I attended a roundtable discussion organised by Stanbic on the Nigerian REIT (Real Estate Investment Trust) sector, where investors, stakeholders and regulators attempted to tackle the key problems currently being faced. The 3 discussions, ‘Asset Acquisition and Valuation Considerations’, ‘Creating Successful REITs’ and ‘Land Acquisitions and Physical Planning’ though very interesting, illustrated to me […]

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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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The Exact Location of the Centenary City

Here’s a map showing the exact location of the Centenary City relative to Abuja and nearby regions. It will be located minutes from the Nnamdi Azikiwe Airport, with surrounding regions including Kuje, Lugbe and Gwagwalada.

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Federal Palace Hotel Lagos resumes operations, management agrees to staff union

The Federal Palace Hotel was another major Lagos hotel that experienced disruptions in operations early in 2015.  In the last week of January, the hotel staff protested over pay and other welfare benefits, and were agitating for their freedom of association.  The staff alleged maltreatment, poor pay and unfair dismissals as the reasons for their protest. However the […]

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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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