Victoria Island (VI) News

Lagos, Nigeria

Fifty years of Lagos. But what about the next 50?

The Nigerian megacity of Lagos, with its 20 million inhabitants, is the biggest in sub-Saharan Africa and is celebrating its 50th anniversary.

Lagos, Nigeria

Uber and its rivals are struggling to keep both drivers and riders happy in Lagos

It was only a year ago that Uber declared that its Lagos market was potentially bigger than its London market.

Eko Atlantic City, Lagos, Nigeria (Illustration)

Lagos living: Solving Nigeria's megacity housing crisis

Affordable housing is a considerable challenge for urban areas with large populations, and this is particularly prevalent in Nigeria’s city of Lagos.

SafariCity, Arusha, Tanzania

Check out 5 futuristic African cities that will take the tourism industry by storm (Photos)

Africa is seen to take up the tech challenge by investing billions of dollars in the development of tech futuristic cities.

Lagos, Nigeria. Credit: FT

Weekend guide to Lagos

The culturally rich city has plenty to offer in the way of art and entertainment.

The Landmark Centre, Lagos, Nigeria

Vantage Capital commits $20 million to leading Nigerian property development company Landmark Africa

Vantage Capital, Africa’s largest mezzanine fund manager, announced on Wednesday that it has committed $20 million to Landmark Africa, one of Nigeria’s leading property developers.

Protea Hotel Abuja

BON Hotels takes over management of four Protea Hotels locations in Nigeria

Cape Town-based hospitality company BON Hotels has taken over the management, sales and marketing of four Protea Hotels locations in Nigeria.

Victoria Island, Lagos, Nigeria

Africa: Firmly on the map

A number of new real estate fund platforms focused on Sub-Saharan Africa (SSA) have emerged in recent years, giving credence to the continent’s ability to attract larger capital commitments from global investors.

Eko Atlantic City: An Illustration

Eko Atlantic City: The emergence of Africa's new financial haven

In terms of raising a 21st century model city with a blend of first-class architectural design, adept urban planning, self-sustaining power generation, and a keen consideration for environmental sustainability, the Eko Atlantic City (EAC) stands as one of the leading urban development projects in Africa.

Akinwunmi Ambode, Governor of Lagos State, Nigeria

Lagos governor says first light rail project to be completed by December 2016

Nigeria hopes the first phase of a light railway aimed at easing traffic jams in the commercial hub Lagos will be ready within 13 months, and is inviting bidders for an expansion, Lagos State Governor Akinwunmi Ambode said on Thursday.

The Co-Creation Hub Nigeria (CcHUBNigeria) in Yaba, Lagos, Nigeria. Credit: techpoint.ng

Yabacon Valley: Nigeria tech startup enclave springs up in Lagos suburb

At first glance, Yaba is like many other parts of Nigeria’s sprawling commercial capital: a cacophony of car horns and shouting street vendors mingling with exhaust fumes.

Eko Atlantic, Lagos, Nigeria

Eko Atlantic: Why Nigeria's plans for a dream Eldorado city in Lagos are not radical enough (Video)

The government of the state of Lagos–Nigeria’s commercial capital–has proudly proclaimed it is building a new city that will become the new financial centre of Nigeria, and perhaps West Africa.

Lagos Internal Revenue Service Chairman Tunde Fowler. Source: Lagos Internal Revenue Service via Bloomberg

Lagos Tax Agents Turn Death Threats Into Praise as Oil Drops

Tunde Fowler used to get death threats when he began collecting levies in Nigeria’s commercial hub of Lagos 10 years ago. Today he gets hailed as Tax Muyiwa, a nickname that means “bring your tax” in the local Yoruba language.

Victoria Island, Lagos, Nigeria (Reuters/Joe Penney)

Why office space in Lagos is more expensive than New York (Infographic)

When you think about the most expensive offices space in the world, cities like New York and London,with their reputations as global financial centers, spring to mind.

Aliko Dangote, Africa’s richest man, could become the first African owner of an English Premier League football team.

Aliko Dangote: Five things about the Nigerian who wants to buy Arsenal

Five years after Nigerian businessman and Arsenal fan Aliko Dangote’s offer to buy the North London club was rejected, he has been linked to them again.

The top 10 cities for Africa's millionaires

The top 10 cities for Africa's millionaires (Photos, Videos, & Infographic)

Wealthy Nigerians used to travel abroad to get their fix of luxury goods. However these days, they can take a stroll around Victoria Island, an exclusive neighborhood in Lagos where brands like Porsche, Hugo Boss, and Ermenegildo Zegna line the streets.

Eko Atlantic Beach Polo Tournament

Beach polo in Lagos: Eko Atlantic wants to become the 'Dubai of Africa'

Porsches and Jaguars are parked in the sand while businessmen and their partners, in high heels and hats, sit in the sheltered grandstands, glass of champagne in hand.

The Nigerian Stock Exchange's website home page

Boots on the Ground: Investing in Nigeria

I had initially planned to visit Nigeria in December, but postponed my trip until February due to concerns about Ebola. On my way to San Francisco International Airport, I contemplated the wisdom of my decision, having substituted greater political risk in light of the February 14th elections, for Ebola risk.

Eko Atlantic City, Lagos, Nigeria (Illustration)

Nigeria's Eko Atlantic City takes shape

The new multi-billion dollar Eko Atlantic City with residential and commercial tower blocks off the coast of Lagos in Victoria Island, is taking shape as developers forge ahead with infrastructure development.

The Wheatbaker, Lagos, Nigeria

The top 10 hotels for service in Nigeria: TripAdvisor

The Wheatbaker hotel offers the corporate traveller all the comfort and convenience of a luxury boutique hotel. Lagos’ new premier exclusive hotel, is located in the residential heart of Ikoyi, Nigeria.

The Mercedes Maybach is one of the auto brands popular amongst Nigeria's top one percent

In Lagos, Nigeria, the 1% takes stock

Guests sashayed through the tent doors into a scene of surreal opulence. At the far end of the tent, engulfed by servants, courtiers, national politicians and guards with wires in their ears, the celebrant perched beside his wife on a throne covered with white faux fur, his every move broadcast on flat-screens arrayed around the tent walls.

Business men in a cigar club in Lagos, Nigeria

Africa's First City: Lagos, Nigeria

When he was 15 years old, David Adeoti worked in an Internet café in blue-collar Satellite Town, where it was almost possible to see the gleaming towers of Lagos Island less than ten miles to the east.

Porsche Panamera

Nigeria: The next big frontier for luxury

The ‘Africa Rising’ narrative, driven primarily by the region’s high growth rates, has captured a great deal of attention from global businesses. High growth rates in Africa’s largest economy, Nigeria, have been fueling growth in the country’s luxury market.

RMB Westport

Royal Gardens Mall: RMB Westport & Trojan Estates to develop largest mall in Nigeria for $170M in Lagos

Determined to perfect Royal Garden Estate’s initial masterplan as an up-market housing development, and also to ensure that residents enjoy the benefits of living, working and playing in a secure environment …

Twins Kessie and Eku Edewor

The Nigerians have arrived ... and London is paying attention

Richard Vedelago is 29 years old and worth more millions than he’s prepared to tell. ‘Money talks, but wealth whispers,’ he says with a smile, sitting back in the bar at Claridge’s – his idea – and lazily sipping an elderflower juice.

Victoria Island, Lagos, Nigeria

The changing face of Lagos: Anna Rosenberg, Head, Sub-Saharan Africa Research, Frontier Strategy Group

My recent visit to Lagos has changed my perception of Nigeria’s commercial capital.

Civic Center Tower, Lagos, Nigeria

Lagos, Nigeria will witness a blitz of high-rise building completions within the next few years

The development pipeline for prime grade property in Lagos has been growing at an unrelenting pace recently.

Victoria Island, Lagos, Nigeria

Lagos, Nigeria: Africa's Big Apple

With tech hubs, a newly wealthy class, and an exploding population, Lagos is forging a model for Africa’s urban future. Saturday night in Africa’s biggest city, Lagos, and five of us are lip-reading across the table above the thumping music at Rhapsody’s, a restaurant-club on upscale Victoria Island.

Aliko Dangote

Cementing Africa's future: The rise and rise of Aliko Dangote, Africa's richest man

Aliko Dangote made his fortune by gambling on Africa’s future, repeatedly. For the Nigerian entrepreneur, that gamble has paid off spectacularly.

Alara, Victoria Island, Lagos, Nigeria

Redefining African Luxury in Lagos, Nigeria

Businesswoman Reni Folawiyo is building a concept store with celebrated architect David Adjaye on Victoria Island in Lagos. The mission? To redefine African luxury for Nigerians—and for the rest of the world.