Chuka Uroko

Lagos

Property Editor at BusinessDay Nigeria

Property editor @businessdayng

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Articles

‘Real estate in 2025 promises opportunities, but challenges remain’

5 days ago | businessday.ng | Chuka Uroko

The real estate sector in 2025 promises exciting opportunities, but those opportunities will come with a mix of challenges, a new report has said. The report, which is in its 9th edition, was compiled by Ubosi Eleh & Co, a frontline estate surveying and valuation firm. The report notes that despite the challenges of 2024, which it described as “a year of economic recalibration,” 2025 is quite positive in its outlook, pointing out that some sub-sectors are already thriving going into the year.
Violation of court order deepens developer’s face-off with property owners

5 days ago | businessday.ng | Chuka Uroko

Going against court order, which states that all parties must maintain status quo, has deepened the face-off between Treasure Park & Gardens residents, City of David Estate, Simawa, Ogun State, and its developer. Treasure Park & Gardens is a moderate estate where Adron Homes, the developer, sold land to interested buyers. These buyers built their houses on the land they bought, meaning that they are the buildings’ owners while Adron Homes says the estate still belongs to it.
WTC Abuja exposes children to future, career growth possibilities

6 days ago | businessday.ng | Chuka Uroko

When the World Trade Centre (WTC) Abuja opened its doors to students from Nigerian Tulip International College (NTIC), Abuja, for the 2025 Children’s Day celebration, they looked beyond the celebration by exposing them to possibilities for their future and career growth.
How FlexSpacez is bridging gap between empty spaces and eager renters

6 days ago | businessday.ng | Chuka Uroko

Gradually but steadily, FlexSpacez is bridging the gap existing between empty spaces and eager or willing renters. This gap is an intractable problem that tends to define the property market in Nigeria. A walk through any major city in the country—Lagos, Abuja, Benin City, Port Harcourt—shows a strange contradiction. Towering oﬃce buildings sit empty with faded ‘To Let’ signs; event halls gather dust midweek, and commercial properties remain unused for months.
Lagos, Ogun top residential property price increases

1 week ago | businessday.ng | Chuka Uroko

… Short-let apartments costs rise 200% in 12 monthsLagos and Ogun in the South-West Nigeria have displaced Oyo and Anambra to emerge as states with highest residential property price increases, a new report has shown.
Azuri Towers: ‘A testament to luxury and transformative power of ambitious urban planning’

1 week ago | businessday.ng | Chuka Uroko

In the heart of Eko Atlantic City sit Azuri Towers, crafted by Eko Development Limited FZE. The Towers, located in the city’s Marina District, are a mixed-use development, comprising luxury residences, high-end commercial spaces, and premium retail outlets.
Investment, economy in focus as Enugu upscales Ease-of-Doing-Business

1 week ago | businessday.ng | Chuka Uroko

As part of its efforts to attract investments and grow its economy from $30bn to $4.4bn in eight years, the Enugu State government recently inaugurated an Ease-of-Doing-Business Council that will drive that growth. By this singular action, the state has sent a good message to investors that it is ready for business as all the barriers to investment across sectors are being pushed to the corner.
Affordability gap: Operators explain why reform is needed in housing finance sector

1 week ago | businessday.ng | Chuka Uroko

Operators in Nigeria’s mortgage sector have explained why a comprehensive reform in housing finance is needed. They say it will help close the affordability gap in access to housing loans in the country. “Nigeria is due for housing finance reform,” they said recently, citing telecoms, pension, and subsidy reforms, which have changed the sectors’ narratives, creating jobs, attracting investment, and transforming the sectors for good.
More homeowners underway as LBIC/Megamound deliver 442-unit estates

1 week ago | businessday.ng | Chuka Uroko

More homes to buy and own have come the way of Lagos residents as the state government recently commissioned two estates in the Surulere area of the state. The two estates, namely, Greater Lagos Apartments and the Crown Exquisite Homes, were jointly developed by the Lagos Building Investment Company (LBIC) Plc and Megamound Investment Limited as part of efforts to tackle the state’s housing challenge.
Our focus is on migrant communities underserved in their host countries — Ayedun - Businessday NG

1 week ago | businessday.ng | Chuka Uroko

TOPE AYEDUN is the managing director of a UK-based entity that provides technology-driven support services for migrant communities in the UK and other countries of the world and their families back home. In this interview with CHUKA UROKO in Lagos during his brief visit to Nigeria, Ayedun speaks on the company and how it has leveraged technology to offer efficient services, connecting migrants and their loved ones back home seamlessly.