Human rights lawyer and activist, Comrade Deji Adeyanju, has raised a fresh alarm over Nigeria’s worsening housing crisis, calling on President Bola Tinubu to declare a State of Emergency on housing and urban tenancy as rising rents and excessive charges push millions of Nigerians deeper into financial hardship. In an open letter he reportedly wrote …
For many Nigerians, owning property in prime Lagos locations such as Lekki, Ikoyi or Victoria Island remains a lifetime ambition. Rising property prices, however, have placed such investments beyond the reach of most salary earners. But investment analysts say there is an alternative that allows retail investors to gain exposure to income-generating real estate without …
When Jim Ovia, founder and immediate past chairman of Zenith Bank, said recently that real estate pays more than banking, many saw it as the retirement move of one of Nigeria's most successful entrepreneurs. But his decision points to a broader shift in Nigeria's economy, where inflation, exchange-rate volatility and high borrowing costs are increasingly …
Across major Nigerian cities, angry tenants cry foul as landlords and caretakers cash in on the crumbling economy Desperate Tenants Crowdfund and Share Rooms to Survive Rent Hikes While Nigerians battle the high cost of fuel, food, transportation and healthcare, the rising cost of house rents has added a fresh layer to the country's …
The bustling Lagos International Trade Fair Complex, spanning 300 hectares along the Lagos-Badagry expressway and home to numerous traders, remains a wrecked site after a demolition by the Lagos State Government in September 2025. The sections of the market, including the New Mandela and ASPAMDA, are left with ruinous foundations, beams, walls, and roofs. A …
Landlords across Lagos may soon face fresh challenges to their rental income as the Lagos State government moves to review its existing tenancy legislation. The proposed Tenancy and Recovery of Premises Bill 2025, currently before the Lagos State House of Assembly, seeks to repeal and replace the 2011 Tenancy Law, a move expected to significantly …
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has launched the Light Up Abuja Project to install hybrid solar streetlights across the city and major expressways. Wike said that when he assumed office in August 2023, almost 80 percent of Abuja had no streetlights. He linked the darkness to rising insecurity in the capital. …
A sweeping directive from the Minister of the Federal Capital Territory (FCT), Nyesom Ezenwo Wike, has sent shockwaves through Abuja’s highbrow property landscape, as top political figures, judicial icons, and corporate giants face stiff penalties for unauthorised property conversions. The Federal Capital Territory Administration (FCTA) announced on Monday, September 8, 2025, that property owners who …
By Ubong Usoro A group of Nigerian lawyers under the public interest firm Law Capitol has called on the Federal Capital Territory Minister, Nyesom Wike, to urgently address the growing number of abandoned housing estates in Abuja, including the long-vacant BUA Estate in Kado District. In a detailed petition sent to both the FCT Minister …
By Ubong Usoro In the wake of growing calls for the Federal Capital Territory Administration (FCTA) to convert abandoned estates into mass housing, development expert Prof. Timothy Nubi has warned against simplistic or forceful approaches to property management in Nigeria’s capitalist economy. In an exclusive interview with Pinnacle Daily, Prof. Nubi, a renowned professor of …
