FirstBank, MTN, and the Corporate Shift to Eko Atlantic—What It Means for Lagos Economy
Eko Atlantic City stands as one of Africa’s most ambitious urban development projects, designed to serve as a financial hub and a modern metropolis that addresses Lagos' chronic infrastructure challenges. The city, built on reclaimed land from the Atlantic Ocean, offers state-of-the-art infrastructure, world-class business amenities, and an environment conducive to corporate growth.
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As popular migration destinations such as the USA, UK, and Canada tighten their requirements, many Nigerians are forced to rethink the “Japa” dream. Stricter visa policies are not only halting plans to relocate abroad—they’re also fueling an increase in housing demand across Nigeria.
Discover the economic impact of FirstBank and MTN relocating their headquarters to Eko Atlantic. Learn how this move affects Lagos' job market, real estate, and investment landscape.
FirstBank has begun construction on Nigeria’s tallest skyscraper in Lagos’ Eko Atlantic City. The 40-storey headquarters will redefine the skyline, enhance business growth, and set new standards for sustainable architecture in Africa.
Aliko Dangote, Africa’s richest man, is widely recognized for his industrial empire spanning cement, sugar, and oil. However, beyond his corporate ventures, his personal and commercial real estate investments reveal a deep appreciation for luxury and strategic business foresight.
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Rent prices in Nigeria are rising at an alarming rate, often surpassing the country’s already high inflation rate of around 30% annually. In some cases, tenants have reported rent hikes of 40% to 60%, with extreme instances of rent doubling within a year—often driven by speculation and landlord profiteering.
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Explore the development of smart city initiatives in Lagos and Abuja, highlighting technological advancements, urban challenges, and strategies for sustainable growth in Nigeria's urban centers.