Real estate and construction sectors displayed remarkable resilience in the face of economic challenges, contributing a significant N11.2 trillion to Nigeria's economy in the first quarter (Q1) of 2024. This impressive figure has surprised many observers, given the sector's struggles with issues such as soaring inflation, a volatile exchange rate, high-interest rates, and a sharp rise in the cost of...
Every day, thousands of people are evicted from properties they rent in Nigeria. These properties could be residential or commercial spaces. Unfortunately, many of these evictions are not carried out properly, putting landlords at risk of legal action if tenants choose to challenge the eviction in court. To prevent such issues, it is crucial for landlords to issue eviction notices correctly. This guide...
Rent Monthly or Yearly, rent paying is done periodically at agreed intervals between a landlord and tenant. It can be weekly, monthly, yearly, or as agreed. Monthly and yearly payments are the most common intervals used, however the majority of landlords in Nigeria choose to receive payments yearly. In some instances, landlords give tenants the option to choose the interval they want for rent...
Buying your first home is a significant milestone, especially in a vibrant city like Abuja. As Nigeria’s capital, Abuja offers a unique blend of modern amenities and cultural heritage, making it an attractive place to settle down. However, navigating the home-buying process can be challenging for first-time buyers. Here are some essential tips to guide you through this exciting journey: Sided view of...
Lafarge Africa Plc has introduced ECOPlanetUnicem, a groundbreaking low-carbon cement aimed at revolutionizing sustainable building solutions. Produced at its Mfamosing plant in Cross River State, this innovative product is set to launch nationwide by year-end, marking a significant step towards doubling market presence and promoting low-carbon construction practices at scale. Speaking at the launch...
In a rapidly evolving world, the importance of robust community support systems cannot be overstated. AI Realent Global Resources Limited, a leading real estate company in Abuja, recognizes this and prioritizes enriching local communities through a variety of initiatives. These efforts are aimed at fostering sustainable development and enhancing the quality of life for residents. Here’s a closer...
Abuja, Nigeria’s capital city, is known for its serene environment, modern infrastructure, and excellent quality of life. For families looking to settle in Abuja, finding the perfect neighborhood is crucial. Here, we explore the top five family-friendly neighborhoods in Abuja, highlighting their unique features and what makes them ideal for family living. 1. Maitama Overview Maitama is...
Current Economic Challenges The current economic uncertainty in Nigeria has significantly depleted the value of money saved in the bank. Many businesses are struggling to cope with foreign exchange volatility and accelerating inflation, which have eroded their capital. The free fall of the naira against the dollar has dominated media coverage, highlighting the severe economic...
The dream of homeownership is a significant milestone for many Nigerians. However, navigating the path to acquiring a home can be challenging, particularly when it comes to financing. Mortgages offer a viable solution, providing the financial leverage necessary for many to purchase property. This article delves into the mortgage options available in Nigeria, offering insights into how they work and...
Abuja, the capital city of Nigeria, has experienced significant growth in its real estate sector, attracting both local and international investors. With numerous real estate companies offering diverse property options, selecting the right one can be challenging. Here, we present the top 10 real estate companies in Abuja, with AI Realent Global Resources Limited proudly taking the lead....