Chuka Uroko

Lagos

Property Editor at BusinessDay Nigeria

Property editor @businessdayng

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Articles

Projects seen delaying on building materials’ price surge

1 week ago | businessday.ng | Chuka Uroko

Another spell of delay in projects’ delivery timeline and outright site abandonment are in the offing in the construction industry as prices of building materials, notably cement and iron rods, have gone up again. The price of cement has moved up again from between N9000 and N9,500 per 50kg bag all through the first quarter (Q1) of 2025 to between N10,000 and N10,400 in April 2025, representing about N900 increase in less than 30 days.
Our free properties listing platform and global reach make us different—Amajuoyi - Businessday NG

1 week ago | businessday.ng | Chuka Uroko

The property market in Nigeria is, increasingly, welcoming both international and domestic players offering products and services which the market demands. One of such players is Koloxo Homes, a startup company, whose innovative platform is designed to connect agents, renters and properties. In this interview, CHINYERE AMAJUOYI, the company’s General Manager, shares insights on what they are doing differently. She also speaks on the great potential in the Nigerian market.
Enugu on track to energy sufficiency as EERC issues fresh 5MW licence

1 week ago | businessday.ng | Chuka Uroko

Enugu State, South East Nigeria, is increasingly progressing towards energy sufficiency as the state’s Electricity Regulatory Commission (EERC) has issued 5MW power generation license to Tempo Power Solutions Limited to set up a gas-fired plant.
Again, FG insists shanties, not properties, were demolished at Landmark

2 weeks ago | businessday.ng | Chuka Uroko

Once again, the federal government of Nigeria has stressed that what it demolished at the Landmark Group’s Beach Resort were shanties and not properties, adding that the management of the real estate firm had no claim on the beachfront. David Umahi, minister of works, who stated this at a stakeholders’ meeting in Lagos last Sunday, said government does not compensate for the demolition of shanties which was why, according to him, Landmark was not paid compensation.
Management apologizes for disruption of access to Banana Island

2 weeks ago | businessday.ng | Chuka Uroko

The management of Banana Island has apologised to the residents and visitors to the estate for the disruption of access to the estate Tuesday morning.
Banana Island residents, ministry officials bicker over access road construction

2 weeks ago | businessday.ng | Chuka Uroko

The residents of Banana Island in Lagos and officials of the federal ministry of works were at logger-head Tuesday over the construction of an access road to a new estate to be developed adjacent to the island. The ministry officials ‘invaded’ the upscale estate intent on enforcing the construction of the access road, but were resisted by the residents, who cited security concerns and significant impact on some of the estate facilities including the entrance gate and recreation facilities.
Mortgage sector: How national mortgage registry will shift paradigms, change narratives

2 weeks ago | businessday.ng | Chuka Uroko

The story of the mortgage sector in Nigeria is that of development in slow motion. It is a story that hardly excites interest as, over the years, it has remained a fledgling amid an expanding population and fast-paced urbanization. Elsewhere, especially in developed economies, the housing and mortgage sector is a key indicator of an economy’s growth, development or underdevelopment.
Coastal highway section 2: FG to pay ₦4.738bn compensation to property owners

2 weeks ago | businessday.ng | Chuka Uroko

The federal government says N4.738 billion is to be paid out as compensation for properties that would be affected in the Section 2 of the ongoing Lagos-Calabar coastal road project in Lagos. The figure was arrived at from enumeration assessment of the properties that would be impacted after their physical evaluation.
Umahi advocates waterway’s closure over bridge elements damage

2 weeks ago | businessday.ng | Chuka Uroko

Minister of Works, Dave Umahi, has advocated for the closure of the waterway between Eko Bridge and Carter Bridge in Lagos to boat traffic following damage caused to Eko Bridge by a boat operator. The accident resulted in the complete damage of one of the pier caps of the bridge. He called on the Lagos State governor, Babajide Sanwo-Olu, and other concerned authorities to take appropriate proactive steps to avoid a catastrophe.
Enugu crimps maternal mortality as healthcare centres roll-out intensifies

2 weeks ago | businessday.ng | Chuka Uroko

The Enugu State government says it has reduced maternal mortality in the state by over 400 per cent with intensified roll-out of 260 Type 2 Primary Healthcare Centres (PHCs) across its 260 wards. Peter Mbah, governor of the state, who disclosed this when he visited one of the facilities at Otukwu community in Emene Enugu recently, noted that the 400 percent reduction is from the maternal mortality of 512 deaths per every 100,000 live births which he inherited.