News
The Importance of Ember Months in Nigeria’s Real Estate Sector
By Dennis Isong
Ember months refers to the last four months of the year: September, October, November, and December.
These months hold significant importance across various sectors of the Nigerian economy, and the real estate industry is no exception.
The ember months bring about a unique set of circumstances and opportunities that can greatly impact the property market.
This article explores why these months are crucial for Nigeria’s real estate sector and how they influence market dynamics.
- Increased Economic Activity
The ember months in Nigeria are characterized by a surge in economic activity. As the year draws to a close, businesses strive to meet annual targets, and government agencies work to utilize their budgets before the fiscal year ends. This increased economic activity often translates to more money circulating in the economy, which can have a positive impact on the real estate market.
Higher disposable income: Many companies distribute year-end bonuses during this period, increasing the purchasing power of potential property buyers.
Business expansion: Some businesses may look to expand or relocate, leading to increased demand for commercial real estate.
- Diaspora Influence
The ember months coincide with the holiday season, during which many Nigerians living abroad return home to visit family and friends. This influx of diaspora Nigerians has a significant impact on the real estate market:
Investment opportunities: Many in the diaspora see this time as an opportunity to invest in property back home, either for personal use or as an investment.
Increased demand: The temporary surge in population can drive up demand for short-term rentals and potentially influence long-term property values.
Foreign currency injection: Diaspora Nigerians often bring in foreign currency, which can provide a boost to the real estate market, especially in a country where the local currency may be experiencing fluctuations.
- Cultural and Social Factors
Nigerian culture places a strong emphasis on homeownership, and the ember months often amplify this desire:
Status symbol: Owning a home by the end of the year is seen as a significant achievement, motivating many to make property purchases during this period.
Family gatherings: The holiday season prompts many to consider upgrading their living spaces to accommodate family gatherings and celebrations.
- Weather Conditions
The ember months in Nigeria typically mark the end of the rainy season and the beginning of the dry season. This transition in weather patterns can impact real estate activities:
Construction Boost: The dry weather allows for increased construction activity, potentially leading to more properties entering the market.
Property viewing: Improved weather conditions make it easier for potential buyers to view properties and for real estate agents to conduct site visits.
- Year-End Goals and New Year Resolutions
As the year comes to a close, many individuals and businesses reflect on their achievements and set new goals:
Investment decisions: People may choose to invest in real estate as a way to meet financial goals or diversify their portfolios before the year ends.
New Year preparations: Some may aim to secure new living or working spaces in preparation for the coming year, driving up demand in the real estate market.
- Government Policies and Budgets
The ember months often see increased government spending and policy implementation:
Infrastructure development: Governments may rush to complete infrastructure projects before the year’s end, potentially increasing the value of properties in certain areas.
Policy changes: Any new real estate policies or regulations slated for the new year may influence buying and selling decisions in the ember months.
- Stock-taking and Portfolio Restructuring
The approach of the year’s end prompts many investors to reassess their portfolios:
Property disposal: Some investors may decide to sell properties to balance their portfolios or generate liquidity.
Acquisition opportunities: Others may look to acquire new properties to strengthen their real estate holdings.
- Increased Rental Activity
The ember months can see a spike in rental activity:
Corporate rentals: Businesses may seek new office spaces or renew leases for the coming year.
Residential moves: Families or individuals may look to move to new rental properties before the new year begins.
- Emerging Real Estate Hotspots
During the ember months, it’s crucial to pay attention to emerging real estate hotspots:
Satellite Towns: Areas like Ibeju-Lekki in Lagos or Kubwa in Abuja are experiencing rapid development.
Tech Hubs: Locations near growing tech clusters, such as Yaba in Lagos, are becoming increasingly attractive.
New Cities: Planned urban developments like Eko Atlantic City offer unique investment opportunities.
- Types of Properties to Consider
Different property types may offer varying advantages during the ember months:
Residential Properties: High demand for housing during holiday visits makes this a prime option.
Commercial Real Estate: Office spaces and retail outlets can be good investments as businesses plan for the new year.
Land: Undeveloped land in growing areas can offer long-term appreciation potential.
- Leveraging Technology for Remote Transactions
For diaspora investors unable to visit Nigeria:
Virtual Tours: Many real estate agencies now offer virtual property tours.
Digital Documentation: Explore options for digital contract signing and online payment systems.
Real-Time Communication: Utilize video calls for real-time property inspections with local agents.
- Understanding Local Regulations
It’s crucial to be aware of recent changes in real estate regulations:
Land Use Act: Familiarize yourself with the implications of the Land Use Act on property ownership.
Foreign Ownership Laws: Understand any restrictions or requirements for diaspora Nigerians investing in property.
Tax Implications: Research recent changes in property taxes or capital gains taxes that might affect your investment.
During this period, heightened market activity and the availability of potential deals create attractive investment opportunities.
- Financing Options for Diaspora Investors
Explore various financing methods tailored for diaspora investors:
Diaspora Mortgages: Some Nigerian banks offer mortgage products specifically for Nigerians living abroad.
International Money Transfers: Research the most cost-effective ways to transfer large sums for property purchases.
Joint Ventures: Consider partnering with local investors or family members for shared investments.
- Risk Mitigation Strategies
Investing during the ember months doesn’t come without risks. Consider these mitigation strategies:
Due Diligence: Thoroughly research property titles and ownership history.
Legal Representation: Engage a reputable local lawyer to oversee transactions.
- Long-term Investment Strategies
Think beyond the immediate purchase:
Rental Income: Consider properties with strong rental potential for steady income.
Property Management: Research reputable property management companies if you plan to rent out your investment.
Exit Strategies: Have a clear plan for how you might eventually sell or pass on the property.
The ember months provide a distinct set of circumstances that make them an ideal time for diaspora Nigerians to invest in real estate back home.
During this period, heightened market activity and the availability of potential deals create attractive investment opportunities. Additionally, the chance for personal property inspections and the ability to tap into cultural connections further enhance the appeal.
However, successful investment requires thorough research, professional advice, and a well-defined long-term plan.
By staying attuned to local market trends, utilizing technology, and being aware of relevant regulations, diaspora Nigerians can make informed and profitable real estate investments in Nigeria during this dynamic time of year.
▪︎For personalized assistance with property needs in Ojo or other parts of Lagos, interested individuals, particularly Nigerians in the diaspora looking to invest in property back home, can contact Dennis Isong, a top Lagos realtor specializing in helping Nigerians in the diaspora own property stress-free. I can be reached at +2348164741041.
News
Senate makes a caricature of Abuja-Kaduna train, revives probe panel headed by Adams Oshiomole
Displeased by the “sorry state” of the entire train facilities; AKPABIO took a swipe at the sluggish nature of the Chinese trains when he said “bicycle-even keke is faster than Abuja-Kaduna train.
The Senate on Thursday called for a thorough investigation into the entire contract and execution agreements of the Abuja-Kaduna-Kano railway line, 10 years after it began full commercial operations.
Worried about the deplorable condition of both the railway line and the attendant poor service delivery by the Nigerian Railway Corporation, the Senate resuscitated its Ad-hoc Committee set up last November but was hampered by a lack of funds to commence the probe of the national asset.
One train ride from Abuja to Kaduna last week by Senator Abdul Ningi -who represents Bauchi Central was all it took to reveal -the deplorable state of Nigeria’s rail transport network-especially the tracks linking the Northern corridors.
Coming on Order 42-, NINGI laments how a journey that should have taken an hour at most took over three hours on a worn-out, second-hand train.
“A Nigerian tragedy”-that’s how the PDP Bauchi Senator refers to the situation as he recounts how the Abuja -Kaduna train service has diminished in quality -from transporting 10,000 passengers daily when it first started to running a single shuttle of less than a thousand passengers a day.
Ningi’s further laments how the revenue from the train service has dwindled over time and called on the Senate to treat the issue as “a national emergency”.
The Abuja-Kaduna railway line was completed in 2015 as the first phase of the Nigerian railway modernization project.
Constructed by the China Civil Engineering Construction Corporation (CCECC), the Abuja-Kaduna railway was largely funded by project-tied loans obtained from China.
But over the years -, the Abuja-Kaduna rail route has been at the receiving end of poor maintenance, vandalism, bandit attacks and derailments-with the most recent incident in last August in ASHAM.
Chairman Senate Committee on Transport, Senator Adamu Aliero backs the motion ; calling for a concerted effort to fix the “eyesore ‘ the Abuja -Kaduna rail line has become.
In his contribution, President of the Senate, Godswill AKPABIO questions the entire contract agreement and execution of the rail project and calls for a thorough investigation into every single KOBO spent.
Displeased by the “sorry state” of the entire train facilities; AKPABIO took a swipe at the sluggish nature of the Chinese trains when he said “bicycle-even keke is faster than Abuja-Kaduna train.
The Senate subsequently revived its ad hoc committee set up since last November to investigate the matter but was hampered by a paucity of funds.
The probe panel headed by Senator Adams Oshiomhole was formally inaugurated at plenary on Thursday and given six weeks to complete the assignment.
News
NECA Urges Immediate Halt to NAFDAC’s Renewed Enforcement of Sachet Alcohol Ban
The Nigeria Employers’ Consultative Association (NECA) has strongly criticized the National Agency for Food and Drug Administration and Control (NAFDAC) for resuming enforcement of the ban on the production and sale of alcoholic beverages in sachets and small PET bottles, calling it a “serious regulatory misstep” that threatens jobs, investments, and Nigeria’s regulatory credibility.
In a statement signed by NECA Director General Wale-Smatt Oyerinde, the employers’ body highlighted that the ongoing crackdown contradicts a December 15, 2025, directive from the Office of the Secretary to the Government of the Federation (SGF) suspending all enforcement actions pending further consultations.
It also disregards a March 14, 2024, resolution by the House of Representatives urging restraint and inclusive stakeholder engagement.
NECA emphasized that the enforcement is already disrupting legitimate businesses, jeopardizing thousands of jobs across the wines and spirits value chain—including manufacturing, packaging, distribution, retail, and agriculture—and eroding investor confidence amid economic challenges such as high operating costs and currency pressures.
While affirming strong support for protecting minors, removing unsafe products, and advancing public health, NECA argued that the current blanket approach is flawed.
It disproportionately affects compliant, NAFDAC-registered manufacturers whose products underwent rigorous testing, registration, and revalidation processes. These products comply with international alcohol-by-volume (ABV) standards for spirits, with clear labeling and warnings restricting consumption to adults over 18.
Oyerinde stressed that underage access stems from enforcement gaps at the retail level—such as weak age verification and monitoring—rather than packaging formats. He advocated for smarter, evidence-based measures, including stricter retailer licensing, compliance checks, public education on responsible drinking, and intensified crackdowns on illicit narcotics and unregistered substances, which pose greater dangers to youth.
The statement noted that sachet and small-pack formats address affordability for low-income adult consumers in Nigeria’s economy, where daily small purchases are common.
Banning them risks shifting demand to unregulated, informal alternatives, potentially worsening public health risks while shrinking the formal economy and government revenue.
NECA also addressed environmental concerns over plastic waste, suggesting they be tackled through broader waste management, recycling, and extended producer responsibility policies across industries, rather than selective product bans that conflate environmental issues with product safety.
The association rejected any notion of opposing regulation, instead calling for science-driven, proportionate, and rule-of-law-based policies. It demanded an immediate suspension of enforcement in line with the SGF’s directive and a return to structured dialogue involving regulators, industry, public health experts, and consumers to develop balanced solutions.
“Nigeria deserves regulation that safeguards public health while preserving livelihoods, investment, and respect for due process,” Oyerinde concluded.
“Policies ignoring science, economic realities, and regulatory coherence risk causing more harm than good.
“NECA, established in 1957, serves as the umbrella body for organized private-sector employers in Nigeria, advocating for policies that foster a harmonious business environment, productivity, and prosperity.
News
Otunba Adekunle Ojora, Industrialist and broadcaster dies at 93
Ojora held significant interests in AGIP Petroleum Marketing, NCR Nigeria, and founded several private firms, including Nigerlink Industries, Unital Builders, and Lagos Investments, a holding company. In the wake of the Nigerian Enterprise Promotion Act.
• Photo of Otunba Adekunle Ojora
The Head of Ojora Royal Family of Lagos, on Wednesday announced the death of Otunba Adekunle Ojora at the age of 93.
He is survived by his wife, Erelu Ojuolape, and children, including, Mrs. Toyin Saraki, wife of former Senate President Bukola Saraki.
In a statement issued on behalf of the Ojora Family by Prince Adewale Taorid Ojora, stated that Otunba Ojora who was born on June 13th 1932, died on January the 28th 2026.
Widely celebrated as one of Nigeria’s most influential corporate leaders of the post-independence era,
Otunba Adekunle Ojora carved an exceptional legacy that spanned journalism, public service, politics, and big-ticket corporate governance.
He was Chairman of the Board of AGIP Nigeria Limited from 1971 until its acquisition by Unipetrol in 2002.
Ojora’s professional journey began in the early 1950s at the British Broadcasting Corporation (BBC) after studying journalism at Regent Street Polytechnic, London.
He rose to the position of assistant editor, and later returned to Nigeria in 1955 to join the Nigerian Broadcasting Corporation (NBC) as a reporter.
He later moved to Ibadan, where he served as an information officer in the office of the then regional premier.In 1961, he transitioned into the corporate world, joining the United African Company (UAC) as Public Relations Manager and becoming an Executive Director in 1962.
His interest in commerce and enterprise deepened in the years that followed, marking the start of a lifelong influence in Nigerian boardrooms.
Following the military coup that ended the First Republic, Otunba Ojora was nominated to the Lagos City Council in 1966.
In 1967, he held two key appointments: Managing Director of WEMABOD, a regional property and investment company, and Chairman of the Nigerian National Shipping Line, succeeding Chief Kola Balogun.
After he left WEMABOD, he expanded his footprint as a major investor and entrepreneur.
Ojora held significant interests in AGIP Petroleum Marketing, NCR Nigeria, and founded several private firms, including Nigerlink Industries, Unital Builders, and Lagos Investments, a holding company. In the wake of the Nigerian Enterprise Promotion Act.
He acquired equity stakes in numerous foreign companies operating in Nigeria, including Bowring Group, Inchcape, Schlumberger, Phoenix Assurance, UTC Nigeria, Evans Brothers, and Seven-Up.
Beyond the boardroom, Otunba Ojora was deeply rooted in tradition. He was the Otunba of Lagos, Lisa of Ife and Olori Omo Oba of Lagos.
-
News3 days agoGovernor Alia Showcases Administration’s Completed and Ongoing Projects Across Key Sectors
-
Business3 days agoCBN grants Opay, Moniepoint, Kuda Palmpay and Paga national banks status
-
News3 days agoSuicide: Man, 84 rescued from 140feet well in Lagos
-
News2 days agoBello Turji member of APC? It’s not true – Morka, APC spokesman
-
Sports2 days agoSuper Eagles captain Ndidi mourns father’s death
-
News2 days agoLagos renaming Obalende Bus Park to MTN Y’ello Bus Park
-
News2 days agoUK begins Alison-Madueke’s trial on bribery charges
-
Business2 days agoNAFDAC misleads the Senate to ban sachet alcohol – MAN
