Dubai nicknamed the city of gold has had a remarkable growth story from its days of being a fishing village to a closely quintessential city with bold architecture, modern infrastructure, and a sophisticated lifestyle. Similar to Nigeria, Dubai’s transformation began following its discovery of oil in 1966 at the offshore Fateh Field. Dubai rode on...
Exploring Investments in Nigerian Real Estate from The Diaspora II
January 4, 2021by Regent Real Estate
In the preceding article, we explained the growing interests of Nigeria’s diasporan market, the impact of the weakened value of the naira and the opportunities it presents to the diasporan market for investing in Nigeria’s Real Estate. In this article, we would explore practical use cases from our experience in the market as agents to...
Exploring Investments in Nigerian Real Estate From The Diaspora
December 17, 2020by Regent Real Estate
Remittances to Nigeria from the diaspora have grown 14x in 20 years, now accounting for about 5% of the Nigerian GDP at $20.97bn. Diasporans remitted over $25.1 billion in 2018, close to 1.5x higher than Nigeria’s 2018 gross oil revenue of $18.2 billion. Data from the National Bureau of Statistics (NBS) also revealed that the...
Nigeria’s Changing Investment Narrative and the Strengthened Drive for Real Estate
December 5, 2020by Regent Real Estate
This plunge in yields from treasury bills and restriction of corporates and individuals from Open Market Operations (OMO) has shifted Nigeria’s investment narrative towards alternative sectors such as Real estate. Historically, investors including HNI’s, pension funds, treasury departments of multinationals simply invested in risk-free government securities and ignored other segments as they were largely...
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