Detty December: Lagos Hotels Record Surge as Visitors Reject Skyrocketing Short-Let Rents
Hotels across Lagos recorded a significant rise in bookings during the 2025 Detty December season as local and foreign visitors turned away from short-let apartments amid steep price increases. Operators…
Copen Group Wins Diaspora Housing Impact Award
Copen Group, a leading real estate company in Nigeria, has been honored with the Diaspora Housing Impact Award at the Africa Housing Awards 2025. Renowned for providing quality housing solutions…
BREAKING: Trump Expands U.S. Travel Ban, Adds Nigeria and 14 Other Countries
United States President Donald Trump has signed a new Proclamation expanding America’s travel ban, placing additional entry restrictions on foreign nationals from 15 more countries, including Nigeria. The Proclamation, which…
NDIC Assures ASO, Union Homes Depositors of Up to N2m Insurance Payouts
The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc that they will receive insured deposits of up…
2025 Review: How Inflation Reshaped Africa’s Largest Economies
Inflation pressures across Africa’s largest economies moderated in 2025, reversing the sharp price increases recorded in 2023 and 2024, according to a BusinessDay analysis based on World Bank data. Tighter…
Recapitalisation: Nigerian Banks to Raise N4.14tn Ahead of March 2026 Deadline
Nigeria’s banking sector is undergoing one of its most comprehensive reforms in decades, as deposit money banks move to raise an estimated ₦4.14 trillion in fresh capital ahead of the…
FG Reveals 15.2 Million Nigerian Homes Are Structurally Inadequate
The Federal Government has disclosed that about 15.2 million housing units across Nigeria are structurally inadequate, raising fresh concerns about safety, habitability, and access to basic services nationwide. The disclosure…
Sanwo-Olu Calls for Stronger Private Sector Partnerships to Close Lagos Housing Gap
Lagos State Governor, Babajide Sanwo-Olu, has called for deeper collaboration between the government and the private sector to address the state’s growing housing deficit. The governor said affordable and sustainable…
CBN Revokes Licences of Aso Savings, Union Homes
The Central Bank of Nigeria (CBN) has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, citing persistent regulatory violations and failure…
AG Mortgage Bank Targets 1 Million Homes, Eyes 20% Return on Equity by 2030
AG Mortgage Bank Plc (AGMB) has unveiled an ambitious five-year expansion strategy aimed at delivering one million mortgages by 2030 while targeting a 20 per cent return on equity (RoE)…