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Dutch Investors with over €10b to Invest in Nigeria

A forum scheduled for the month of September themed “Bridging the Dutch and Nigerian Private Sectors,” is set to create a platform for the Dutch and Nigerian private sectors to strengthen economic relations as well as promote new and sustainable business interests for both countries. It was organised by The Netherlands-African Business Council (NABC) in collaboration with Kleef & […]

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The Competitiveness of Cities: Lagos – World Economic Forum

This is an excerpt from the World Economic Forum Report on ‘The Competitiveness of Cities’, where Lagos was used as a Case Study. What follows is a snippet of the introduction, and what was said about Lagos. Cities have been the engines of productivity and growth throughout history, and will be essential to the future growth […]

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Barclays Africa wants a fully-fledged business in Nigeria by 2016

Barclays Africa recently revealed that they are keen on expanding their corporate investment banking business in Nigeria into a fully-fledged business by 2016. CEO Maria Ramos explained in late July that Barclays Africa was unlikely to buy any banks in Africa’s largest economy as they were expensive. She added that the strategy in Nigeria would be to […]

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Is GTBank really giving Mortgages for 8%?

In a bid to promote transparency and full disclosure, the Monetary Policy Committee decided that all lending rates by Deposit Money Banks will be made public to guide business decisions. The figures published reveal that GTBank’s prime mortgage lending rate is 8%. An impressive figure in relative terms, as the average mortgage rate in Nigeria as of August […]

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Average Nigerian Mortgage Rate is 22.04% – Mortgage Rates for All Nigerian Banks

In accordance with the transparency and full disclosure stance of the Central Bank of Nigeria, the Monetary Policy Committee decided that all lending rates by Deposit Money Banks will be made public to guide business decisions.  Consequently, the prime and maximum mortgage rates for the month of August 2014, obtainable from all Nigerian Banks are […]

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Ozumba Mbadiwe Avenue vs. Kingsway Road – Mixed Use Hub Rivalry

The development pipeline within the office sector in Lagos is exceptionally strong, with reports stating that over 155,000sqm of office space will be coming onto the market within the next 24 months. But that’s not all. Other sectors including hospitality/leisure and residential are expanding aggressively and it is creating dynamic mixed use regions in Africa’s megacity. Most of the mixed use space […]

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Exploring Funding Options for Nigeria’s Real Estate Industry

Niyi Adeleye, Head Real Estate Finance West Africa at Stanbic IBTC Capital and Damilola Akindolire, general manager at AlphaMaed Property Development Company joined CNBC Africa to discuss financing options for the sector. See the video below and an analysis of what was said after. 0:40 – NMRC The NMRC which was kicked of several months […]

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High stakes for high reward? Real estate funds come to Africa

High stakes for high return, if you can stick it out for the long term – investors are buying into a boom in sub-Saharan African real estate. Forecasts for 20 percent net annual returns from investing in shopping malls, office blocks or industrial complexes in countries from Zambia to Kenya is drawing in new investors, […]

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Marriott – Eyes on Ikeja Hotel Market

Marriott is proving quite busy in Lagos these days – and Ikeja is no exception. The 117-room Protea Select Alausa, Ikeja opened last week, just across from the Ikeja City Mall and close to the Lagos State Secretariat.  The hotel features – 75 classic rooms; 8 twin rooms; 24 deluxe rooms; 8 suites; conference & boardrooms; […]

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Nigerians resort to rented accommodation

A report by Residential Auctions Company (RAC) has revealed that 60-65 percent of business professionals in Lagos live in rented accommodation due to the high cost of home ownership and the unavailability of suitable mortgage products. The rental market is highly cyclical, like the buying market. The report, published on globalpropertyguide.com, noted that the Lagos […]

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