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‘Why land administration is hampering real estate development’

Ory Martins is the President and Chief Executive Officer (CEO) of Boeing Luxury Estates. He speaks about difficulties in the real estate sector, especially land acquisition in Nigeria, among others.

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Private Property unveils its new market strategy and rebranding

Private Property, a South African online property marketplace, has launched its new brand repositioning and integrated multichannel strategy. The brand indicates that the refreshed market approach comprises an expanded business offering, customer engagement and radical change to its corporate identity.

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Coronavirus: Lagos directs construction sites to limit workers to 20 or shut down

As cases of Coronavirus rise in Nigeria, Lagos State government has directed all ongoing construction sites to limit workers to 20 or get shut down. Also, operators of the Bus Rapid Transit (BRT), Primero Transport Services Limited, has said they were cutting down the number of passengers onboard its buses to 42 sitting capacity.

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Current research: IT in Real Estate Market revenues be $8.91 billion by 2021

Key factors driving the growth of the IT in real estate market are increasing demand for smart technological solutions in the real estate sector to cater to varied preferences of real estate customers, popularity of asset & property management solutions, increasing demand for enterprise applications to manage projects, and growing need to manage data and […]

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Average NT-Bills Yield Rises to 4.0% Amidst Mixed Investors’ Sentiments; UCAP Plc CP Available

Sequel to the release of the February inflation data by the National Bureau of Statistics in which inflation rose to 12.2% Y-o-Y, performance in the Nigerian Treasury Bills (“NT-Bills”) secondary market last week was largely mixed with mild buying interests observed on the mid tenor instruments while the long end of the yield curve witnessed […]

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Tweak of Exchange Rates – A Bold Move from CBN?

In what can be regarded as an unexpected yet positive move, the Central Bank of Nigeria (CBN) on Friday moved the official exchange rate from N307/US$1 to N360/US$1. At the Investors and Exporters Window (I & E), the CBN also adjusted the NGN peg upwards by 5.7%, as it raised its intervention rate to N380 […]

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WeWork board’s special committee is demanding that SoftBank follow through with investment

Five months after SoftBank agreed to a massive bailout of office-sharing start-up WeWork, a big part of the deal is in jeopardy of falling apart. A special committee to WeWork’s board is now trying to ensure that SoftBank doesn’t walk away.

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Mall owners and retailers improve hygiene protocols

Mall owners and tenants have answered President Cyril Ramaphosa’s call to help fight the Covid-19 outbreak, with improved cleaning efforts, free hygienic products for customers and social distancing in shopping centres.

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Update3: Coronavirus: Eko Hotel ‘partially closed”, as Lagos plans recall of retired medical personnel

The management of Eko Hotel and Suites located on Victoria Island said the hotel has been “partially closed as a measure to contain the spread of the Coronavirus pandemic,” the management explained late Sunday.

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CBN’s Devaluation of the Naira: Here’s What it Could Mean for You

Nigeria has recorded just a few cases of coronavirus compared to other countries, but the global pandemic’s growing impact on its economy is far more significant. The Central Bank of Nigeria may have devalued the naira by as much as 15 percent with the introduction of a single exchange rate.

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