FG Rules Out Immediate Electricity Tariff Hike, Raises ₦1.23tn for Power Debt
Power Minister Joseph Tegbe says the government is prioritising sector liquidity, metering and infrastructure upgrades instead of increasing tariffs. The Federal Government has ruled out an immediate increase in electricity…
Kenya’s $14 Billion Housing Plan Faces Funding Crisis, Parliamentary Report Warns
…….A KSh1.76 trillion affordable housing pipeline is facing financing challenges, with hundreds of projects reportedly stalled or progressing slowly. Kenya’s ambitious affordable housing programme is facing a major funding squeeze…
FirstTrust Expands Mortgage Financing Options for Nigerians
The mortgage bank is offering home refinance, property improvement, diaspora mortgage and short-term financing facilities for eligible customers. FirstTrust Mortgage Bank Plc has expanded its portfolio of mortgage and consumer…
Lagos Orders Flood-Prone Residents to Relocate as NiHSA Alert Takes Effect
The state government identified several communities at risk and urged residents to move to higher ground before floodwaters rise. Lagos Issues Urgent Flood Warning The Lagos State Government has directed…
4.5 Million Nigerians Estimated to Be Homeless, Report Finds
Nigeria Leads Africa in Homeless Population With 4.5 Million People Nigeria has been ranked as the African country with the highest estimated homeless population, with about 4.5 million people classified…
Abuja Residents Flock to Lugbe Store Over N1,800 Price Tag
N1,800 Fixed-Price Shop Draws Large Crowds in Abuja A shop in Lugbe, Abuja, where most items are sold for N1,800, has attracted a growing number of shoppers looking for affordable…
Rising House Prices: Brokers, Flippers and Short-Lets Under the Spotlight
Property Brokers Face Scrutiny as Rising Markups Push House Prices Higher Nigeria’s real estate market continues to record soaring property prices, with activities by brokers in short-let apartments, property flipping…
REIT Market Remains Small Despite Africa’s $30bn Valuation
Nigeria’s Real Estate Investment Trust (REIT) market has a combined market capitalisation of approximately $230 million, representing a small share of Africa’s estimated $30 billion REIT market. The figures are…
Nigeria Tops African Homelessness Ranking With Estimated 4.5 Million People
Report highlights housing insecurity, rapid urbanisation and economic pressures affecting communities across Africa. Nigeria Faces Growing Homelessness Challenge Nigeria has been identified as the African country with the highest estimated…
Abia Court Orders Parties to Maintain Peace Over Land Dispute
An Abia State Chief Magistrate’s Court sitting in Umuahia has ordered parties involved in a dispute over approximately 100 hectares of ancestral land in Isuikwuato to maintain peace. Chief Magistrate…