Lagos fell 16 places to #132 (of 140) in the Economist Intelligence Unit’s 2017 Worldwide Cost of Living Survey as the fall in global oil prices drove a collapse in the value of the Nigerian Naira. This pushed down relative pricing, despite strong […]
The IFC, a member of the World Bank Group, is considering a USD $8.2m equity investment for a 20% equity stake in a hospital project in Lagos, Nigeria sponsored by AXA Mansard Insurance. The hospital will be built on a 20,000m2 land purchased […]
In the recently published Economic Recovery and Growth Plan for Nigeria (2017 – 2020), the Ministry of Budget and Planning explained that the construction and real estate sectors are constrained by the high costs associated with house building, land acquisition and borrowing. […]
South Africa’s Shoprite will open two stores in Nigeria over the next 15 months, down from as many as 13, the retailer’s chief executive said, citing lack of retail space in the west African country. “Look, at Nigeria with the […]
In a press release published earlier today, the Central Bank of Nigeria (CBN) has stated that it will be providing direct additional funding to banks to meet the needs of Nigerians for Personal and Business Travel, Medical needs, and School fees, […]
The real estate sector accounted for 21.7% of total construction projects within West Africa, according to data compiled by Deloitte for its 2016 Africa Construction Trends Report. In this year’s edition, Deloitte tracked 286 construction projects across various sectors (transport, energy & power, real […]
This 2-part article on Corporate Real Estate Solutions is part of the #eiMasterClass series. This edition was written by Adenekan Adeniran, Principal at FRISIA Partners. The infographic below provides a brief summary. Part I: Preparing for Unlocking & Creating Value […]
These 15 charts illustrate the Nigerian economy, population growth, urbanisation, age distribution statistics as well as the performance of the real estate, construction and trade sectors. View the charts on Nigerian Real Estate, Economic & Demographic Data.