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Good Morning,
Nigeria’s real estate market is facing growing pressure as construction costs and rents continue to rise faster than household incomes. Analysts warn that widening affordability gaps, rising development costs and potential oversupply in some major cities could increase the risk of a market correction, putting investors, developers and homeowners under greater pressure.
Nigeria’s Real Estate Market Faces Correction Risks as Costs and Rents Surge
Nigeria’s real estate market is facing growing pressure from sharply higher construction costs, rising rents and weakening affordability, with analysts warning that persistent imbalances between property prices and household incomes could trigger a market correction.
Lagos Rental Demand Driven by Migration, Jobs and Housing Shortage
Lagos remains Nigeria’s strongest rental housing market as population growth, rural-to-urban migration, concentration of economic activity and a shortage of affordable homes continue to drive demand for rented accommodation.
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Five Die as Two Buildings Collapse in Kano
Five people have died and 10 others were rescued after two separate building collapses in Kano State on Saturday, August 15, according to the Kano State Fire Service.
Nigeria’s Commercial Office Market Shifts Towards Dedicated Corporate Workspaces
Nigeria’s commercial office market is undergoing a shift as large companies increasingly move beyond traditional co-working arrangements and seek dedicated workplaces designed around their operational, security and technology requirements.
See What's Capping Your Growth
Revenue has plateaued. Your team is busier than ever. Sound familiar? Find out which of the four common growth ceilings is limiting your business and what to do next with BELAY’s latest report.
8 Defunct Insurers Enter Liquidation as Policyholders Face Uncertainty
Eight insurance companies in Nigeria are facing liquidation after failing to meet the recapitalisation requirements set by the National Insurance Commission (NAICOM), raising concerns among policyholders and other stakeholders over outstanding claims and existing insurance cover.
CBN: IMTO Inflows Hit Record $1.29bn in Q1, Rise 45%
Inflows through International Money Transfer Operators (IMTOs) reached a record $1.29 billion in the first quarter of 2026, representing a 45% increase from the $888.47 million recorded in the same period of 2025, according to Central Bank of Nigeria (CBN) data.
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