Investment Analysis Of Nigerian Real Estate Market

The common yield on Lagos Mainland residential property is around 4.30% per annum, whereas the typical yield on Lagos Island is round 3.64% per annum, according to the Residential Auctions Company (RAC). Yields have usually been considerably higher on the Lagos Mainland besides in 2010, when Lagos Island yields had been marginally greater.

GE Power Services signed a Service Agreement with Shell Petroleum Development Company (SPDC) for its 650MW Afam VI combined cycle power plant situated within the South-japanese a part of the country. The GE Hydro team lately commenced the general rehabilitation of the 80MW Hydro Turbine Generator unit -1G7 at Kainji through our partnership with Mainstream Energy. We signed an MOU with Mainstream initially of the 12 months to deliver renewable power projects in Nigeria.

Mortgage penetration is rising rapidly in Nigeria, however there's plenty of room for progress. 303.9m) mortgage portfolio was thought of non-performing in 2017. This has pushed commercial mortgage lending charges to common between 20% and 24%, in keeping with the MBAN. Bloomberg echoed these statements in June 2018, reporting that land acquisition challenges, poverty and excessive industrial bank lending rates have constrained mortgage market Nigeria growth, with the firm saying there were just 50,000 registered mortgages in the nation. Lending assist can be provided by way of the FMBN, which is slated for vital recapitalisation in order to boost mortgage transaction forty-fold over the approaching years. 2bn tripartite memorandum of understanding with the real Estate Developers Association of Nigeria and housing finance company Shelter Afrique, which is able to see the latter provide financing for affordable housing. 1.6bn) to the FMBN over the next 5 years.

We plan to invest in the country with a full- fledged subsidiary to assist sales, advertising and marketing and after gross sales assist. "As a key driver of the technology revolution in Africa, TD Mobile has at all times strived to carry the latest and best of know-how merchandise to Nigeria and the West Africa area by extension. In keeping with this, FREETEL and TD Mobile have entered into an exclusive partnership to bring Japanese Smartphones to Nigeria.