INTRODUCTION The Finance Act 2021(the "FA 2021") introduced changes that could have significant implications for the Nigerian capital markets and real estate sectors. In this publication, we have addressed some of the changes that we consider relevant.
Capital Gains on Sale...
In 2021, Nigeria experienced headwinds and breakthroughs across the different sectors of the economy as the country was gradually recovering from the impact of the pandemic in 2020 and resulting lockdowns which meted heavy repercussions to the economy, stalling...
There are lots of reasons why you may want to own a home: privacy, stability, prestige, worth, etc. If your reason however for wanting to own a home is to turn your money into more money, a home purchase...
The N3 trillion Africa’s largest oil-producing country has committed to subsidizing petrol in 2022 is no longer news, but what is more alarming is the opportunity cost forgone in a slow-growing economy that could use more investments. The situation concerning...
The Economic and Financial Crimes Commission, EFCC, said it would henceforth, focus its attention on real estate developers, alleging that they provide safe haven for the laundering of proceeds of crime.
The Executive Chairman of the EFCC, Mr. Abdulrasheed Bawa,...
Hoodlums, on Friday, vandalised a police station in Ibadan, the Oyo State capital. DAILY POST reports that a Wema Bank branch opposite the police station was also vandalised. The police station, located at Agodi Gate area, was vandalised during a protest...
Professionals in the real estate sector has said that the Finance Act 2022 is a blessing in disguise for the real estate industry, as it will provide leeway for real estate investors to explore relevant incentives and reduce tax...
Global milestone of $5tn annual green investment by 2025 moves closer: Climate policy measures, market mainstreaming, investor demand gathering pace
A continued acceleration of green issuance drove the green bond market to just over half a trillion (USD517.4bn) in 2021 according...
BUA Cement, Nigeria’s 4th largest company listed on the Stock Exchange has achieved a record 300 percent increase in production capacity in seven years, attributable to government policies Lai Mohammed, minister of information and culture. Data provided by the company...
To limit impact of climate change, the Royal Institution of Chartered Surveyors (RICS) Nigeria Group has urged stakeholders to adopt green building designs that will ensure sustainability and resilience in construction and real estate. The Chief Valuation Officer, Cayman Island...
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