Landlords, agents and property managers who insist on two years’ rent before handing over the keys could face fines of up to ₦20 million under a bill now before the House of Representatives. ABUJA — Anyone who has gone house-hunting in Abuja knows the routine. You find a decent two-bedroom in Gwarinpa, Lokogoma or Kubwa, the agent names the rent,…
By DEVALOP.COM Newsroom | August 19, 2026 Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) has opened a formal investigation into the country’s leading cement manufacturers, including Dangote Cement, BUA Cement and Lafarge Africa, over suspected coordinated price manipulation. The announcement, made on Tuesday, August 18, has sent ripples through the real estate and construction sectors, where cement remains the…
The landscape of real estate in Oyo State has recently faced significant shifts, with the state government intensifying its enforcement of building regulations and security protocols. For residents and investors, these actions serve as a stark reminder that property ownership in the “Pacesetter State” requires more than just a transaction—it requires absolute compliance. Recent Demolitions: A Crackdown on Crime and…
Imagine saving up your hard earned money for years, finally finding the perfect plot of land in Ibadan or a sleek new car in Lagos, and paying for it with crisp, cash notes you drawn over the counter from your bank. You sign the papers, shake hands, and walk away feeling alive as a new property owner. But according to…
Manual Building Permits: The End of an Era for Lagos Real Estate For decades, the imagery of property development in Lagos was defined by “dusty files, long queues, and missing documents.” Developers faced a labyrinth of bureaucratic delays and opaque manual building permit applications that tethered Africa’s most ambitious megacity to the 20th century. That era has officially collapsed. As…
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