Residents, civil society groups, and informal workers are calling for greater transparency over the Jabi Lake redevelopment. Protesters want the Federal Capital Territory Administration to release its agreement with private developers, conduct an independent environmental assessment, and protect public access and businesses as the project moves forward.
NREIT has expanded its property portfolio beyond 120 assets following a successful ₦7 billion capital raise. The milestone strengthens its commercial real estate holdings, boosts liquidity, and reinforces investor confidence as the trust continues delivering strong financial performance and stable returns through professionally managed real estate investments.
Building collapses remain one of Lagos’ most pressing real estate and public safety challenges. This article examines the recurring causes behind these tragedies, the explanations provided by state officials, and the urgent reforms needed to strengthen construction standards, regulatory enforcement, and building safety across Nigeria.
The federal government has handed over completed homes to subscribers under the Renewed Hope Rent-to-Own Housing Scheme in Abuja. The commissioning of Bungalow City marks a significant milestone in Nigeria’s affordable housing drive, highlighting progress in expanding homeownership through public-private partnerships and accessible mortgage financing.
A six-storey residential building in Parkview Estate, Ikoyi, has been demolished after inspections confirmed severe foundation failure and irreversible structural deterioration. The action highlights Lagos State’s stricter enforcement of building safety regulations and serves as a reminder that even premium properties require regular structural assessments, regulatory compliance, and professional maintenance to prevent costly losses and protect lives.
Africa’s housing sector is gaining renewed momentum as Shelter Afrique Development Bank expands its role in financing residential projects and urban development. With the continent facing a housing deficit of more than 53 million units, the institution’s strengthened mandate aims to unlock long-term funding, support developers, and drive sustainable housing growth across Africa’s rapidly growing cities.
Julius Berger’s approval of a ₦6.8 billion dividend reflects a year of strong financial performance driven by revenue growth, rising profitability, and improved earnings. The payout reinforces shareholder confidence while high
Unity Estates Nigeria represents a vibrant new residential community currently under development. The expansive estate showcases uniform rows of elegant two-storey terraced houses with distinctive red roofs, thoughtfully integrated green landscapes lined with palm trees, and modern infrastructure. With active construction visible and a grand entrance gate proudly displaying the Nigerian flag, this project highlights the growth of quality, affordable housing solutions across Nigeria, offering future residents a blend of comfort, community, and contemporary design.
Lagos State is strengthening affordable homeownership through its LagosHOMS programme, enabling more residents to access low-interest mortgage financing and transition from renting to owning homes. The initiative continues to support housing accessibility across multiple residential estates while expanding opportunities for first-time homebuyers in Nigeria’s largest property market.
Lagos State has announced an 8-week traffic diversion on Baale Animashaun Road as construction begins on a major drainage upgrade project. The infrastructure intervention aims to improve flood management, enhance road resilience, and support long-term urban development within the Ifako-Ijaiye corridor.