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In 2023, Radisson Hotel Group, an international hotel chain, added 22 hotels, resorts, and serviced apartments in the Middle East and Africa, giving them over 3,800 new rooms. Globally, the hotel group increased its international portfolio by over 30,000 rooms across 10 brands. Since launching its transformation plan in 2018, the company has grown by

Stakeholders are urging the government to give developers tax breaks to boost investment and growth in the housing sector. This call was made during the Real Estate Outlook for 2024 event in Lagos.   Photo Credit: Punch Newspapers Gladstone Okpara, President of the International Real Estate Federation’s Nigeria chapter, emphasized the importance of tax relief

The real estate sector in Nigeria is forecast to grow to $2.26 trillion in 2024, of which residential estate will contribute $1.93 trillion or 85.4 percent.   Industry analysts expecting real estate expansion noted the hurdles posed by a falling currency, insufficient infrastructure, many taxes, and expensive building costs.  Dr. Biodun Adedipe, Founder and Chief

LASPPPA, a regulatory body in Lagos, is upset with developers who aren’t following its notices. According to a statement by Abimbola Emdin-Umeh, the Director of Public Affairs, some property owners and developers in Lagos State consistently ignore notices to stop construction or provide necessary planning permits. Kehinde Osinaike, the General Manager of LASPPA, expressed frustration