A.T. Kearney’s 2015 African Retail Development Index (ARDI) placed Nigeria in 4th position, two places lower than its ranking in 2014 as a result of comparatively low true spending and difficult business environment. The Index covers the top 15 retail markets in Sub-Saharan Africa (SSA), ranking each on a 0 to 100 point scale, where a higher ranking means greater urgency to make an entry into the country. The scores were based on market attractiveness, country and business risk, market saturation and time pressure. Read More
Real estate investment is one of the safest and surest investing avenue you may want to channel your hard-earned cash into. This is because decades down the line, you can still make some good returns on your investment. In Nigeria, owing a property is seen as a way of guaranteeing one’s future income streams.
If you are looking to buy a property for renovation, as against getting a land to erect a structure on, you may have made a wiser decision. This is because, depending on what you intend to do with the property, you can actually save some good money when you go the path of renovation. Read More
If you have ever found yourself in the seemingly endless activity of looking for a befitting new apartment, then you will agree with me that this can sometimes be a difficult task. In fact, it requires a lot as no one wants to end up with something that isn’t satisfactory. If you live in Lagos, you really need to do your home work before you part with your hard-earned money for any apartment.
To avoid a regrettable situation, care has to be taken in seeing to some details that tend to be neglected more often as a result of the desperate need to move into a place a.s.a.p. Renting a new apartment entails that the very needful things has to be meticulously scrutinized just so as to arrive at the best of decision.
Here are five things you may want to consider before making a commitment in going ahead to rent a new apartment. Read More
The amount of office space under construction continues to grow as developers increasingly make bets that the requirements for prime office space in Lagos will rise. Some of the contractors/construction companies helping these developers build their assets have emerged as market leaders and this infographic seeks to illustrate this. Based on available data collected, this infographic ranks the contractors changing Lagos’ office skyline by number of office projects and size of leaseable office space under construction/constructed.
Over the past 5 years buildings like Churchgate 1 & 2, KPMG Tower, Eko Tower, Sapetro Tower, NITEL & Union House have defined Lagos’ office property skyline. New office development projects like the Civic Center Tower, Heritage Place, The Wings and Nestoil Tower among many others coming up across town are beginning to transform the city’s skyline. Read More
If you are planning to sell or rent your property, you may want to consider working with a real estate agent to help you navigate the process and eventually find a buyer or renter for your property.
Working with professional real estate agents can save you a whole lot of headache by having an agent interfacing between you and the buyer or renter (for instance, you won’t have to be the one receiving the calls from interested buyers/renters, arranging for inspection, etc).
However, finding a good real estate agent is not that easy. While you may have a relative or neighbor who is into real estate, it is advisable you critically consider if the person is the right person for the job. You don’t want to loose money due to someone messing up with your valued property.
The following are 5 key things you should consider before you hire an agent. Read More
One of the most important steps when buying or renting a house or an apartment is the inspection process. This is the stage that gives you an idea of the true condition of the property and helps you towards making your final decision.
It is also the process you have to be most weary of. You may get caught up in the moment and end up making hasty decisions you might regret in the future; no one wants to regret buying their dream home or renting a property only to find out the house is far from what you were made to think of. Once you sign the contract with the agent, getting your cash back may be difficult if not impossible. Read More
On Wednesday June 4th, 2015, the Inspector-General of Police (I-G), Mr Solomon Arase, mandated the Police Works Department to build 6,000 units for the junior officers in the force. Arase gave the mandate at a one-day workshop held for officers of the works department in Abuja.
The I-G, however, said that corrupt officers would not benefit from the project. He said 500 units of the houses should be located in each of the 12 Police Zonal Commands across the nation. Arase, who mandated the department to complete the houses in six months, said it was part of efforts to improve the welfare of junior officers. Read More