Nigeria is one of the 48 countries that has a trade deficit with the United States of America, a major trading partner of one of Africa’s largest economy.

The federal government through the Ministry of Finance Incorporated (MOFI), has fully subscribed to the Series 1 issuance of N150 billion for the Real Estate Investment Fund (MREIF), designed to address the nation’s housing deficit and stimulate economic activity in the real estate and construction sectors.

The rate of inflation at the end of December 2024 stood at 34.80 per cent which exceeded the 21.40 per cent that the Central Bank of Nigeria had set as a target for the year.

Nigeria’s one-year Treasury bill auction was oversubscribed to the tune of N2.49 trillion as investors lock in on current yields as they price in a rate cut after rebasing of inflation rate.

Rising inflation, interest rates, and naira depreciation could push 13 million more Nigerians below the national poverty line by 2025.

The average price of food in Nigeria rose by an astonishing 97% year-on-year from November 2023 to 2024.

To address the demand for quality residential housing in Lagos State, the Ilubirin Foreshore mixed development project has completed its first residential apartments.

Despite December being a slower month for real estate activity, last year’s festive season was different. It rekindled opportunities for buyers and sellers and showcased increased demand for short-let rentals.

Volatile exchange rate and galloping inflation have slowed the growth of Nigeria’s real estate sector, forcing potential investors to second-guess their moves.