Economy
Africa Property Skyline Magazine Showcases Continent to World
By Dipo Olowookere
Giving a much-needed voice to the African real estate sector, the African Property Skyline Magazine, the only publication dedicated to Africa real estate investment and development, will provide the industry with a new platform to explore and create a better understanding of the continent’s true potential.
The magazine, which will feature the latest investment trends and development initiatives in Africa, will also focus on key trends, top African real estate deals, burgeoning new property sub-sectors as well as the inner workings and economic complexities of a number of African countries and cities.
Speaking as a key figure in Zambia’s property sector, Pam Golding’s Inutu Zaloumis believes that until now, property news from the African continent has often been under-reported. “Insufficient insight is given into the property industry in Africa.
“The African Property Skyline magazine is therefore a welcome publication as it showcases the opportunities in Africa. It gives readers a deeper insight into an industry that has had so much growth and still, the potential for further expansion,” says Inutu Zaloumis.
Published by API Events and launched at this year’s East Africa Property Investment Summit [EAPI] held in Nairobi last week, the first edition of Skyline has been distributed to over 35,000 subscribers and is available online at www.AfricanSkylineMag.com.
“Africa Property Skyline magazine is in line with our mission to enhance and encourage real estate investment in Africa. Our readers can now look forward to the most up to date African property news, key industry insights, and important lessons learned from on-the-ground experiences,” says Kfir Rusin, API Events, Managing Director.
Focused on delivering high quality content and the latest in thought leadership, Skyline features a number of top industry players, enthusiastic to share their knowledge and expertise. Ivan Cornet, Managing Partner for Latitude Five, used this new platform to share his own perspective on the opportunities for the property sector in Senegal.
“API Events is a trailblazer in bringing Africa’s property market makers together through quality events and networking opportunities, and we can now look forward to seeing this continue with the African Property Skyline Magazine.
“Latitude Five is thrilled to be involved in the inaugural edition of African Property Skyline magazine, a long-awaited publication dedicated to charting and analysing the spectacular growth of Africa’s property market,” he says.
Knight Frank Africa’s Peter Welborn agrees with his peers that this new and fresh publication will be welcomed by many operating across the African continent. “A cutting edge publication specialising in Africa, linking decision makers and their advisers with funders and investors will definitely help to further the momentum of growth across the continent,” Welborn says.
The first issue includes a variety of topics from across the continent, the cover featuring the highly anticipated new World Trade Centre in Abuja. “We also take a look at both the funding and valuation climates in African property, and we delve into the details of new asset classes like healthcare facilities, as well as the challenges faced in quantity surveying and cost management on the continent,” Rusin adds.
By Aduragbemi Omiyale
Nigeria slightly surpassed its quota set by the Organisation of the Petroleum Exporting Countries (OPEC) in July 2026.
In the month under review, the country produced about 1.57 million barrels of crude oil per day.
It was the third consecutive month Africa’s largest oil-producing nation was meeting its monthly quota, set to stabilise the price of the commodity on the global market by the oil cartel.
Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Wednesday showed that the 1.5 million barrels per day ceiling for Nigeria was surpassed last month.
The agency disclosed in a statement today that the country produced 1.505mbpd of crude oil and 0.17mbpd of condensate, bringing the combined daily production to 1.67mbpd.
In the month under review, the daily peak production of crude oil and condensate was 1.78mbpd, while the lowest daily production was 1.57mbpd.
Although Nigeria met its OPEC quota in the month of July, the statistics show that on a month-on-month basis, production fell by 4 per cent.
This was attributed to the decline in production due to operational challenges experienced at the Erha and Akpo fields, which impacted crude oil output during the period under review.
These disruptions constrained production volumes and contributed significantly to the overall reduction in national crude oil output.
Despite the challenges, production operations across most other producing assets remained relatively stable, with operators implementing measures aimed at maintaining production efficiency and minimising the impact of operational constraints, NUPRC stated.
By Aduragbemi Omiyale
The over 9 billion shares of Lasaco Assurance Plc issued to shareholders of the company via a rights issue have been listed on the Nigerian Exchange (NGX) Limited.
The equities were brought to Customs Street on Wednesday by the organisation, increasing its total issued and fully paid-up share capital.
Lasaco Assurance, which scaled the recapitalisation hurdle of the National Insurance Commission (NAICOM) in July 2026, raised fresh capital from the capital market to shore up its capital base.
The underwriting firm got about N18.5 billion from the rights issue, which involved the issuance of 9,236,321,546 ordinary shares at a unit price of N2.00.
The exercise was on the basis of five new ordinary shares for every existing six ordinary shares held as of the close of business on Friday, February 20, 2026.
Confirming the listing of the additional stocks of Lasaco Assurance today, the Head of Issuer Regulation Department of NGX RegCo, Mr Godstime Iwenekhai, announced in a circular that, “Trading licence holders are hereby notified that an additional 9,236,321,546 ordinary shares of 50 Kobo each of Lasaco Assurance Plc were today, Wednesday, August 12, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 9,236,321,546 ordinary shares of 50 Kobo each at N2.00 per share on the basis of five new ordinary shares for every existing six ordinary shares held as of the close of business on Friday, February 20, 2026.
“With the listing of the additional 9,236,321,546 ordinary shares, the total issued and fully paid-up share capital of Lasaco Assurance Plc has now increased from 11,083,585,855 to 20,319,907,401 ordinary shares of 50 Kobo each.”
By Adedapo Adesanya
The Nigerian Insurers Association (NIA) has said the successful recapitalisation of the insurance industry will strengthen the sector’s ability to support financial stability and economic growth.
NIA Chairman, Mrs Ebelechukwu Nwachukwu, said a well-capitalised insurance industry would be better positioned to meet its obligations promptly, underwrite complex and large-scale risks and serve as a dependable pillar of the Nigerian economy.
She made the remarks while commending the National Insurance Commission (NAICOM) for its structured implementation of the new minimum capital requirements under the Nigerian Insurance Industry Reform Act (NIIRA) 2025.
Mrs Nwachukwu said NAICOM’s clear guidelines, systematic verification process, defined timelines and rigorous supervision had provided operators with a credible framework for navigating the recapitalisation exercise.
She described the outcome as a major milestone for the industry and congratulated the 43 insurance and reinsurance companies that have successfully met the prescribed minimum capital requirements.
According to her, the exercise represents “a major win not just for regulators and operators, but for policyholders, investors and the wider Nigerian economy.”
Mrs Nwachukwu said the association would continue to work with NAICOM and other stakeholders to consolidate the gains of the exercise, with emphasis on sustainable industry growth, stronger market conduct and improved consumer confidence.
The official also expressed solidarity with the eight companies still undergoing final verification and regulatory review, urging them to remain confident as NAICOM completes the process within the 14-day review period.
The NIA chairman assured policyholders and the wider business community that the insurance industry would emerge from the recapitalisation exercise stronger, more resilient and better positioned to contribute to Nigeria’s economic development.
