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
The Debt Management Office (DMO) on Monday allotted bonds worth N929.3 billion to investors from the N1.7 trillion bids it received from subscribers.
The exercise, which took place on Monday, July 20, 2026, was oversubscribed by market participants, reflecting the confidence investors have in the government’s ability to redeem the debt instrument on maturity.
On offer for sale for the July auction was N1.2 trillion worth of the FGN bonds, but the DMO allotted below this, despite receiving bids above the offer.
The papers were offered in 10-year, 15-year, and 20-year tenors, at N400 billion each.
For the decade-old note, investors staked N444.47 billion, but the debt office sold N245.73 billion at an 18.34 per cent coupon rate. For the one and a half-decade-old paper, bids valued at N518.00 billion were received by the DMO, with a non-competitive bid of N50.00 billion, with N302.13 billion allotted to investors at 18.40 per cent, and for the two-decade paper, the DMO got competitive bids of N665.19 billion and N381.46 billion was sold to bondholders at 18.35 per cent.
By Adedapo Adesanya
The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, disclosed that Nigeria’s external reserves had risen to $52.5 billion, enough to finance about nine months of imports.
He disclosed this on Tuesday at the end of the 306th meeting of the Monetary Policy Committee (MPC) held in Abuja, where the Monetary Policy Committee (MPC) retained the benchmark interest rate at 26.50 per cent as well as the standing facilities corridor at +50/-450 basis points around the MPR.
Similarly, the Cash Reserve Requirement (CRR) was maintained at 45 per cent for Deposit Money Banks, 16 per cent for Merchant Banks, and 75 per cent for non-Treasury Single Account (TSA) public sector deposits.
Speaking on FX developments, the central banker said at the $52 billion level, the country’s external reserves were significantly above the internationally recommended threshold of three months of import cover.
On the Naira exchange rate, Mr Cardoso said the foreign exchange market had deepened and was now operating on a transparent willing-buyer, willing-seller basis.
He said the apex bank remained committed to maintaining a liquid and functional foreign exchange market, adding that daily market turnover sometimes exceeded $1 billion.
According to him, the long-term stability of the naira would depend on key economic fundamentals, including increased oil exports, foreign direct investment, and improved domestic productivity to reduce dependence on imports.
He also added that the MPC welcomed the federal government’s renewed commitment to stronger policy coordination, particularly collaboration between fiscal and monetary authorities, which he said had helped reduce the impact of the Middle East crisis on the Nigerian economy.
Mr Cardoso said members of the committee also commended efforts to improve crude oil production and urged relevant agencies to intensify reforms in other sectors, including solid minerals, to boost government revenue.
On the regulatory forbearance granted to banks during the COVID-19 period, he reiterated that this had been discontinued because it had served its purpose.
According to him, the policy had “outlived its time” and was no longer necessary in assessing the health of the banking sector.
“Forbearance, we felt, had outlived its time. Many of you will recall this is something that came as a result of COVID. And now we are in 2026; we did not see the reason why that should continue to form part of the analysis of the banking system,” he said.
Mr Cardoso explained that banks had begun recalibrating their portfolios following the end of the policy, leading to a temporary reduction in outstanding risk assets.
He, however, assured that the development was part of a transition towards a stronger and more sustainable credit environment.
“It reflects a transition to a more sustainable and better quality credit environment, which is what we all want. We don’t want unanticipated shocks that come in a boom-and-bust fashion,” he said.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange extended its recent positive run by 1.17 per cent on Tuesday, July 21, triggered by appreciation seen in four bellwethers.
Leading the pack was FrieslandCampina Wamco Nigeria Plc, which added N12.00 to its value to close at N153.15 per share compared with the previous day’s N141.15 per share. NASD Plc appreciated by N1.90 to N36.00 per unit from N34.10 per unit, Food Concepts Plc improved by 23 Kobo to N2.48 per share from N2.25 per share, and Afriland Properties Plc grew by a marginal 1 Kobo to N15.01 per unit from N15.00 per unit.
As a result, the market capitalisation of the bourse increased by N30.40 billion to N2.637 trillion from Monday’s N2.606 trillion, and the NASD Security Index (NSI) gained 50.70 points to finish at 4,393.97 points, in contrast to the 4,343.27 points it ended a day earlier.
The unlisted securities exchange recorded a price loser yesterday, and it was Geo-Fluids Plc, which shed 1 Kobo to settle at N2.30 per share versus N2.31 per share.
During the trading day, the volume of securities traded by market participants on Tuesday dropped 99.4 per cent to 322,147 units from the previous day’s 52.6 million units, the value of securities dipped by 89.8 per cent to N19.4 million from the preceding session’s N191.2 million, and the number of deals contracted by 3.6 per cent to 27 deals from 28 deals.
Great Nigeria Insurance (GNI) Plc ended the day as the most traded stock by value on a year-to-date basis, with 3.4 billion units traded for N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units transacted for N6.5 billion, and Central Securities Clearing System (CSCS) Plc with 75.4 million units exchanged for N5.3 billion.
GNI Plc also closed the day as the most traded stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infracredit Plc with 2.3 billion units valued at N6.5 billion, and Resourcery Plc with 1.1 billion units sold for N415.7 million.
