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CBN raises MPR: What’s in it for Nigeria’s housing market?

CBN's recent MPR benchmark raise from 11.5% to 13% will likely spike the cost of bank borrowing at around 30% APR. Following the CBN's recent Monetary Policy Rate (MPR) benchmark raise from 11.5% to 13%, the cost of bank borrowing from commercial banks is now projected at around 30% APR. The unaffordability nature of Nigeria's [...]

Local retail expansion update

The last 3 years have been challenging for Nigeria's retail market The last 3 years have been challenging for Nigeria's retail market as the nation grappled with market volatility, rising inflation, and insecurity. While some retail players have slowly recovered from the dark days of xenophobia, city protests, and lockdown restrictions, a few are yet [...]

Africa Data Centres expands to Ghana

Digitalization continues to play a massive role in Ghana’s economic advancement Following the unveiling of its new 10MW data centre facility in Nigeria, Africa Data Centres (ADC), a pan-African technology group focused on building and improving digital infrastructure across Africa, has announced plans to build a 30MW data centre facility in Ghana. With an [...]

In 20 years, Nigeria loses $3.2Trn worth of property to building collapse

Building collapse remains an undefeated opponent in the contest for sustainable development The last 50 years have seen over 180 reported building collapse cases worldwide and still counting. In November 2021, a 21-story building collapsed in Ikoyi - a prime area of Lagos, leaving more than 40 individuals dead. 6 months after this tragic event, [...]

What the new US Consulate General means for Eko Atlantic City

The new US Consulate General has the capacity to drive up the momentum of development activities in Eko Atlantic City The new U.S. Consulate General is a 10-floor tower project located on 12.2 acres in Eko Atlantic City. Designed by Ennead Architects and Pernix Group as main contractors, the $537M mixed-use facility will offer [...]

Data centres everywhere

Undoubtedly, the Lagos real estate market is fast becoming tech-driven. Undoubtedly, the Lagos real estate market is fast becoming tech-driven. Recent weeks have seen the launch of 2 new data centres in Lagos. This speaks volumes about the positioning of the Lagos market for digital infrastructure opportunities, with the State's teeming population and technology [...]

CBN raises MPR: What’s in it for Nigeria’s housing market?

Local retail expansion update

Africa Data Centres expands to Ghana

In 20 years, Nigeria loses $3.2Trn worth of property to building collapse

What the new US Consulate General means for Eko Atlantic City

Data centres everywhere

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