Shoprite checks out of nigeria

ShopRite, the largest retail store outlet in Africa, has stated that they may sell their ownership interests in the 26 stores they own in Nigeria. The supermarket juggernaut that owns or operates 2900 stores across the continent, has been in the country since 2005 and is a household name in Nigeria. This departure may have […]

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Ebonyi State – A Case Study And Blueprint To copy

If Nigeria receives attention or media spotlights, they are usually the undesirable type, and when it does get praise and recognition, it focuses on things that happen in and around Lagos or Abuja. The rest of the country is an afterthought unless something special is going on. Something special is going on in Ebonyi State. […]

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Are Nigerians Good at Social Distancing?

No. They are not. But it’s deeper than that. The concept of keeping your distance from friends and loved ones is opposed to the way that Nigerians are brought up and how our culture lives. We all love and enjoy the festive period, when streets are alive, villages overrun by guests and goats. Dancing, drinking, […]

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Nigerian real estate sector – Post covid-19

As the global economy is trying to restart and pick up momentum after the unprecedented spread of the COVID 19 virus, Nigeria too is looking to jumpstart its economic motor. Nigeria did not suffer as much as some nations with regards to the number of cases and deaths related to the COVID virus, but its […]

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2019 – A Treacherous Year For Building Collapses

In 2019, there were 43 recorded building collapses in Nigeria. 43. This is an embarrassing number. Shameful. What makes it so bad is that there was a tremendous amount of suffering and lives lost in the rubble of these demised buildings. There is no exact number of dead, but estimates are above 50. I am […]

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PropTech – What Exactly Is It?

Technology is a driving force across most business sectors. You cannot conduct business without some sort of technology working either behind the scene or in the midst of it all. Real estate is no exception. Property Technology or Proptech is where technology innovates, influences and enhances the various facets of the real estate and property […]

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HouseAfrica- Nigerian Start-Up Launches Africa’s First Blockchain Property Registry

I hope you all remember our post — Blockchain — the Future of Real Estate where we wrote about how blockchain technology will impact and change the way we think about and deal with real estate — forever. Nigeria and frankly most countries in Africa and the third world have a long way to go in registering and indexing property and […]

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Tarkwa Bay Residents Forcibly Evicted

Early Tuesday morning, Nigerian naval forces stormed into the murky waters of Tarkwa bay to forcibly evict thousands of poor inhabitants. Gunshots rang out as soldiers fired into the sky, causing widespread pandemonium and confusion. Residents scrambled around frenetically to pack up as many of their belongings as possible before their homes and entire lives […]

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Burna Boy Buys Big Mansion

Grammy-nominated, international AfroBeats star, and “African Giant” musical artist – Damini Ogulu aka, Burna Boy, recently snagged a gorgeous mansion in Lekki.  The modernistic, white, 8 bedroom home that is laced with a sprawling terrace and swimming pool, is the latest purchase in the superstars material collection. He was also recently spotted sporting a brand […]

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Nigeria’s 2020 Real Estate Outlook

The recent report from Northcourt laid forth the outlook for real estate in Nigeria in 2020. The report details key sectors and economic indicators that will help define and shape Nigeria’s real estate scene in the coming year. The outlook has some bright spots but will most certainly depend on economic/fiscal policies as well as […]

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