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Lagos, Abuja Rents Surge Amid Nigeria’s Housing Strain

12.01.2026
The Managing Director of Stallion Cardinal Homes, Dr Waliu Adeoye, has noted that rents in Lagos and Abuja have surged by up to 20 per cent annually in some locations, intensifying housing pressure on tenants amid widening affordability challenges. In a statement, Adeoye noted that Nigeria’s real estate sector stands at a critical crossroads in...
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Short Lets & Studios Redefine Nigeria’s Housing Market

12.01.2026
A 2025 report by Knight Frank has revealed that short lets and studio apartments are transforming Nigeria’s housing market, catering for rising demand for compact, flexible urban living. According to the report, to rapidly boost housing supply, Lagos State is deploying public-private partnerships across a governance spectrum, from enabling private developers to co-delivering targeted projects....
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Why the Lagos-Calabar Coastal Highway Rail Is Missing

12.01.2026
The Federal Government has clarified concerns over the apparent absence of railway tracks along portions of the ongoing Lagos–Calabar Coastal Highway project, stating that the rail component remains an integral part of the design but is constrained by land availability in some built-up areas. The clarification followed growing debate after recent videos of the ongoing...
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Nigeria’s REIT Market Thrives on Rapid Urbanisation

12.01.2026
Nigeria’s REIT market, though still in its early stages, is gaining investor attention as rapid urbanisation and a growing population drive demand for income-generating real estate, according to a Knight Frank Real Estate report. The report indicated that Real Estate Investment Trusts have emerged as a transformative investment vehicle globally, allowing investors to access real...
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Nigeria real estate faces affordability crisis in 2025

12.01.2026
Stakeholders in the real estate sector have opined that rising inflation and worsening housing affordability in 2025 significantly undermined investment, construction activity, and demand across Nigeria’s real estate sector. In an exclusive interview, the Chief Executive Officer of McYouniverse Group, Michael Egbekoya, said the average national housing prices rose by an estimated 15 per cent...
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Eterna opens N21.5bn rights issue to drive expansion

12.01.2026
Eterna Plc, a leading integrated energy company, has officially opened its Rights Issue, marking a major milestone in its capital-raising programme and long-term growth strategy. The Rights Issue comprises 978,108,485 ordinary shares of 50 kobo each, offered at N22.00 per share, and is expected to raise approximately N21.52bn. The company said the exercise is aimed...
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Blue Diamond Opens Bonded Terminal in Imo for South-East

12.01.2026
The Blue Diamond Group has announced the expansion of its Uzotex Bonded Terminal operations to the South-East region of the country. In a statement on Sunday, the company’s Managing Director and Chief Executive Officer, Festus Mbisiogu, disclosed that a new bonded terminal has been established in Imo State. According to him, the terminal is part...
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Universal Insurance Prioritises Digital Innovation for Growt

12.01.2026
Universal Insurance Plc has stated that its key priorities for 2026 will be driving growth through digital innovation and the expansion of its product offerings. In a statement made available to The PUNCH, Managing Director/Chief Executive Officer Dr. Japhet Duru revealed these priorities during the company’s 2026 Annual Thanksgiving and Prayer gathering at its Lagos...
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Nigerian Car Dealers Eye Electric Vehicles as Demand Drops

12.01.2026
There are indications that car dealers operating in the country are strongly considering delving into electric vehicles amid falling demand for fossil fuel-powered cars, The PUNCH reports. The National President of the Association of Motor Dealers of Nigeria, Mr Ajibola Adedoyin, disclosed this in a telephone conversation with our correspondent on Sunday. Adedoyin explained that...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
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Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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