Business
Affordable Places to Live as a Remote Worker in Lagos by Dennis Isong

Lagos is not the cheapest city to live in, but with the right information, you can find an affordable place that suits your needs as a remote worker.
If you have ever tried working remotely in Lagos without proper planning, you already know how fast your data subscription disappears.
It’s like your WiFi is fasting and praying for deliverance! And let’s not even talk about the rent—some landlords think they are renting out properties in Banana Island when, in reality, it’s more like “Plantain Village.”
Lagos is a great city for remote workers, but choosing the right area to live in can make all the difference.
You need a place that is affordable, safe, and has stable electricity and internet access. Here are some top locations that fit these criteria without draining your bank account.
1. Ogudu
Ogudu is one of the hidden gems in Lagos. It offers a mix of affordability, security, and accessibility.
The cost of renting a mini-flat (self-contained apartment) in Ogudu ranges from ₦500,000 to ₦1,200,000 per year. The roads are relatively good, and you have easy access to the Third Mainland Bridge, making it easy to get to the Island if needed. Internet service is also strong, with providers like MTN, Airtel, and Spectranet delivering good speed.
2. Abule Egba
Abule Egba has improved significantly in recent years. With the new flyover bridge and better road networks, commuting to other parts of Lagos is much easier.
The area is budget-friendly, with mini-flats going for ₦300,000 to ₦700,000 per year.
There are supermarkets, restaurants, and co-working spaces nearby if you ever need to step out of your home office. Power supply is also fairly stable compared to some other places in Lagos.
3. Gbagada
Gbagada is a sweet spot for remote workers looking for a calm environment that is still close to the business districts.
The rent is slightly higher than in Abule Egba, with mini-flats ranging from ₦700,000 to ₦1,500,000 per year. But the extra cost comes with benefits—better security, less traffic stress, and more reliable power supply. Plus, you get quick access to Ikeja, Victoria Island, and Lekki if work ever demands physical meetings.
4. Ikorodu (Some Parts)
Ikorodu is not just for people who love long-distance travel. Some areas like Agric, Ogolonto, and Ebute are fast developing, with better road networks and growing commercial activities.
You can get a decent mini-flat for ₦250,000 to ₦600,000 per year. The internet connection is not bad if you go with reliable providers. The only downside? If you need to be on the Island regularly, the commute might test your patience.
5. Oshodi-Isolo
Oshodi has changed from the chaotic reputation it had in the past. The Isolo side, in particular, is a solid choice for remote workers. Rent prices are between ₦400,000 and ₦900,000 per year for a mini-flat. There’s good access to transport, markets, and a variety of restaurants. The area is also well-connected to Ikeja and Surulere, making movement easy.
6. Mowe & Ibafo (Bordering Lagos and Ogun State) If you don’t mind living slightly outside Lagos,
Mowe and Ibafo are excellent options. They are along the Lagos-Ibadan expressway, and many professionals are moving there due to lower rent and better housing options. You can get a decent apartment for ₦200,000 to ₦500,000 per year.
The internet connection is getting better, especially with fiber-optic expansion. If you are a remote worker who values peace and space, this might be the best place for you.
Things to Consider Before Choosing a Place
• Power Supply: Lagos has unpredictable electricity, so areas with better supply should be a priority. Places like Gbagada and Ogudu tend to have more stable power. • Internet Connection: Check which provider has the best network in the area.
• Transport & Accessibility: If you need to move around frequently, consider areas with good road networks and less traffic congestion.
• Budget: Don’t just look at rent; consider other costs like service charges, security levies, and water supply.
Lagos is not the cheapest city to live in, but with the right information, you can find an affordable place that suits your needs as a remote worker.
Whether you choose Ogudu for convenience, Abule Egba for affordability, or Mowe for peace and quiet, there is a perfect spot for you.
Just remember, wherever you settle, invest in an inverter or a backup power source—because even in the best areas, NEPA will always remind you that they are in charge!
Dennis Isong and team.
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+2348028667565
+2348164741041
Business
Afriland Fire: United Capital Confirms Death of Six Staff, Death Toll Rises to 10

Financial services firm, United Capital Plc, has confirmed the death of six of its employees in the tragic fire that engulfed Afriland Towers on Broad Street, Lagos Island, on Tuesday, September 16, 2025.
This announcement brings the official death toll to ten, following an earlier confirmation by the Federal Inland Revenue Service (FIRS) that four of its staff also died in the incident.

The fire, which broke out just before 1:00 p.m. on Tuesday, tore through the six-storey commercial building, housing several offices and businesses, leaving widespread devastation and loss in its wake.
In an official statement released on Thursday, United Capital expressed deep sorrow over the loss of its staff.
“It is with profound grief that the Management and Staff of United Capital Plc announce the passing of six of our dear colleagues, following the tragic fire at Afriland Towers,” the statement read.
“Our departed colleagues were an integral part of our company and family. Their painful loss leaves an immeasurable void.”
The company extended its heartfelt condolences to the families, friends, and loved ones of the deceased, assuring them of continued support during this difficult time. Plans are underway for a memorial service to honour the victims.
United Capital also expressed appreciation to emergency responders for their swift intervention during the incident.
“In this moment of untold grief, we stand together in solidarity, drawing strength from one another as we navigate this period. May the souls of the departed rest in peace.”
Authorities are continuing investigations to determine the cause of the fire.
Business
Elumelu Abruptly Ends UNGA Visit Following Afriland Tower Fire

The Chairman of Afriland Properties Plc, Mr. Tony Elumelu, has abruptly ended his trip to New York for the ongoing United Nations General Assembly (UNGA) following a devastating fire at Afriland Towers in Lagos that claimed the lives of several staff members.
In a statement released on Wednesday, Elumelu expressed profound sorrow over the incident, describing the loss as heartbreaking for the Afriland family.
He wrote, “I am shattered by yesterday’s devastating incident at Afriland Towers, that took the lives of our dear colleagues. No words can capture the magnitude of this loss – not for their families who loved them, not for the friends who valued them, and not for those of us who worked beside them.”
Elumelu revealed that he was en route to New York when he received news of the tragedy, prompting his immediate return to Lagos as a mark of respect to the departed staff.
“As we navigate this grief, I urge you all to reach out to those who are receiving care. In the coming days, we will convene colleagues in a memorial to honour the memories of the departed, as we provide support to their families,” he added.
He also thanked emergency responders, first aid workers, and members of the public for their swift and compassionate response to the disaster.
To honour the victims, a minute of silence will be observed at 12:00 noon on Wednesday across all companies within the Tony Elumelu Group.
Business
CBN Mandates Banks to Announce Successor MD Three Months Ahead
The CBN warned that leadership uncertainty at large banks could destabilise the entire financial sector and damage the wider economy.

The Central Bank of Nigeria (CBN) has issued a new directive mandating all Domestic Systemically Important Banks (DSIBs) to publicly announce the appointment of a new Managing Director/Chief Executive Officer (MD/CEO) at least three months before the scheduled exit of the incumbent.
In a circular signed by Dr Rita Sike, Director of Financial Policy and Regulation, and published on the CBN’s website, the bank stated that the new rules apply to Domestic Systemically Important Banks (DSIBs) – the largest lenders that are considered “too big to fail” because of their size and importance to Nigeria’s financial system.“
Consequently, and in line with good corporate governance practice, each DSIB is hereby required to: ensure it obtains regulatory approval for the appointment of a successor Managing Director not later than six months to the expiration of the tenor of the incumbent MD/CEO,” the circular stated.
Banks must also “publicly announce the appointment of the successor MD/CEO not later than three months to the planned exit of the incumbent MD/CEO.”
Whilst stating that the move is part of broader efforts to strengthen corporate governance and maintain confidence in the financial system, the CBN warned that leadership uncertainty at large banks could destabilise the entire financial sector and damage the wider economy.
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