Business
Top 12 Factors to Keep in Mind When Buying a Beachfront Property in Lagos by Dennis Isong
Top 12 Factors to Keep in Mind When Buying a Beachfront Property in Lagos by Dennis Isong
Investing in a beachfront property in Lagos can be an exciting opportunity, offering the allure of breathtaking views, recreational activities, and potential financial gains. However, it is crucial to approach such a purchase with careful consideration. Lagos, Nigeria’s vibrant coastal city, presents a range of options, and understanding the factors to look out for will help you make an informed decision.
In this article, we will explore essential aspects to consider when buying a beachfront property in Lagos.
- LOCATION AND ACCESSIBILITY: The location of the beachfront property plays a vital role in its value and desirability. Consider factors such as proximity to the city center, transportation links, and accessibility to amenities like hospitals, schools, and shopping centers. A property with convenient access to major roads and infrastructure will not only enhance your lifestyle but also increase its long-term investment potential.
- SECURITY AND SAFETY: Ensure that the beachfront property you are considering is situated in a safe and secure neighborhood. Research the local crime rates and consult with locals to gauge the overall safety of the area. Additionally, consider any potential risks associated with natural hazards like coastal erosion, flooding, or storm surges. Adequate security measures and precautions are essential for protecting your investment and ensuring peace of mind.
- LEGAL COMPLIANCE: Before making any purchase, thoroughly research the legal aspects of acquiring a beachfront property in Lagos. Ensure that the property has the necessary title documents, such as a Certificate of Occupancy (C of O) or a Governor’s Consent. Engaging the services of a competent real estate lawyer or professional can help you navigate the legal complexities and ensure a transparent transaction.
- INFRASTRUCTURE AND UTILITIES: Evaluate the availability and reliability of essential infrastructure and utilities. Check for a consistent water supply, electricity, sewage systems, and internet connectivity. Reliable infrastructure and utilities will enhance your comfort and make the property more attractive to potential renters or buyers in the future.
- ENVIRONMENTAL IMPACT: Consider the environmental impact of the property. Lagos’ coastline faces challenges like coastal erosion and pollution. Conduct an environmental assessment to determine if any mitigating measures are in place. Proximity to industrial areas, waste disposal facilities, or other potential sources of pollution could affect the quality of life and long-term value of the property.
- FUTURE DEVELOPMENT PLANS: Research any future development plans for the area surrounding the beachfront property. Upcoming infrastructure projects, such as new roads, hotels, or recreational facilities, can positively impact property values. However, it is crucial to strike a balance between the potential for development and preserving the natural beauty and tranquility of the beachfront.
- FINANCIAL CONSIDERATIONS: Determine your budget and assess the financial implications of the investment. Consider not only the purchase price but also additional costs such as property taxes, maintenance fees, insurance, and potential renovations. Moreover, factor in the potential return on investment if you plan to rent out the property or sell it in the future.
- INSURANCE AND RISK MANAGEMENT: When purchasing a beachfront property, it is essential to consider insurance coverage and risk management. Beachfront properties are more susceptible to natural disasters such as hurricanes, storms, and flooding. Verify whether the property is located in a designated flood zone and inquire about the availability of comprehensive insurance coverage against such risks. Engage with insurance professionals to understand the cost of premiums and the coverage provided, ensuring you have adequate protection for your investment.
- MAINTENANCE AND UPKEEP: Maintaining a beachfront property requires special care and attention due to the corrosive effects of saltwater, wind, and sand. Consider the maintenance requirements and costs associated with owning a beachfront property. This includes regular upkeep of the exterior, such as repainting, waterproofing, and maintaining the landscaping. Ensure that you have a plan in place for ongoing maintenance to preserve the property’s value and attractiveness.
- COMMUNITY AND AMENITIES: Explore the community and amenities surrounding the beachfront property. If you plan to use the property for personal enjoyment or as a vacation rental, consider the availability of recreational activities, dining options, shopping centers, and entertainment venues in the vicinity. A vibrant community with desirable amenities will enhance the overall experience and potential rental income.
- MARKET TRENDS AND POTENTIAL FOR APPRECIATION: Study the real estate market trends in Lagos and assess the potential for property appreciation. Historical data on property values in the area can provide insights into the property’s investment potential. Consider factors such as planned infrastructure development, government initiatives, and overall economic growth to gauge the long-term value appreciation of the beachfront property.
- CONSULT PROFESSIONALS: Engage with trusted professionals who can provide expert guidance throughout the buying process. Real estate agents who specialize in beachfront properties in Lagos can offer valuable insights and help you find the right property that aligns with your requirements. Additionally, consult with lawyers, financial advisors, and property inspectors to ensure a smooth and secure transaction.
Dennis Isong is a TOP REALTOR IN LAGOS. He Helps Nigerians in Diaspora to Own Property In Lagos Nigeria STRESS-FREE. For Questions WhatsApp/Call 2348164741041
Alpha Morgan to Host 19th Economic Review Webinar
In an economy shaped by constant shifts, the edge often belongs to those with the right information.
On Wednesday, February 25, 2026, Alpha Morgan Bank will host the 19th edition of its Economic Review Webinar, a high-level thought leadership session designed to equip businesses, investors, and individuals with timely financial and economic insight.
The session, which will hold live on Zoom at 10:00am WAT and will feature economist Bismarck Rewane, who will examine the key signals influencing Nigeria’s economic direction in 2026, including policy trends, market movements, and global developments shaping the local landscape.
With a consistent track record of delivering clarity in uncertain times, the Alpha Morgan Economic Review continues to provide practical context for decision-making in a dynamic environment.
Registration for the 19th Alpha Morgan Economic Review is free and can be completed via https://bit.ly/registeramerseries19
It is a bi-monthly platform that is open to the public and is held virtually.
Visit www.alphamorganbank to know more.
GTBank Launches Quick Airtime Loan at 2.95%
Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their bank accounts, ensuring customers can stay connected when it matters most.
In today’s always-on world, running out of airtime is more than a minor inconvenience. It can mean missed opportunities, disrupted plans, and lost connections, often at the very moment when funds are tight, and options are limited. Quick Airtime Loan was created to solve this problem, offering customers instant access to airtime on credit, directly from their bank. With Quick Airtime Loan, eligible GTBank customers can access from ₦100 and up to ₦10,000 by dialing *737*90#. Available across all major mobile networks in Nigeria, the service will soon expand to include data loans, further strengthening its proposition as a reliable on-demand platform.
For years, the airtime credit market has been dominated by Telcos, where charges for this service are at 15%. GTBank is now changing the narrative by offering a customer-centric, bank-led digital alternative priced at 2.95%. Built on transparency, convenience and affordability, Quick Airtime Loan has the potential to broaden access to airtime, deliver meaningful cost savings for millions of Nigerians, and redefine how financial services show up in everyday life, not just in banking moments.
Commenting on the product launch, Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Quick Airtime Loan reflects GTBank’s continued focus on delivering digital solutions that are relevant, accessible, and built around real customer needs. The solution underscores the power of a connected financial ecosystem, combining GTBank’s digital reach and lending expertise with the capabilities of HabariPay to deliver a smooth, end-to-end experience. By leveraging unique strengths across the Group, we are able to accelerate innovation, strengthen execution, and deliver a more integrated customer experience across all our service channels.”
Importantly, Quick Airtime Loan highlights GTCO’s evolution as a fully diversified financial services group. Leveraging HabariPay’s Squad, the solution reinforces the Group’s ecosystem proposition by bringing together banking, payment technology, and digital channels to deliver intuitive, one-stop experiences for customers.
With this new product launch, Guaranty Trust Bank is extending its legacy of pioneering digital-first solutions that have redefined customer access to financial services across the industry, building on the proven strength of its widely adopted QuickCredit offering and the convenience of the Bank’s iconic *737# USSD Banking platform.
About Guaranty Trust Bank
Guaranty Trust Bank (GTBank) is the flagship banking franchise of GTCO Plc, a leading financial services group with a strong presence across Africa and the United Kingdom. The Bank is widely recognized for its leadership in digital banking, customer experience, and innovative financial solutions that deliver value to individuals, businesses, and communities.
About HabariPay
HabariPay is the payments fintech subsidiary of GTCO Plc, focused on enabling fast, secure, and accessible digital payments for individuals and businesses. By integrating payments and digital technology, HabariPay supports innovative services that make everyday financial interactions simpler and more seamless.
Enquiries:
GTCO
Group Corporate Communication
[email protected]
+234-1-2715227
www.gtcoplc.com
Business
BUA Group, AD Ports Group and MAIR Group Launch Strategic Plan for World-Class Sugar and Agro-Logistics Hub at Khalifa Port
BUA Group, AD Ports Group and MAIR Group Sign MoU to Explore Collaboration in Sugar Refining, Agro-Industrial Development, and Integrated Global Logistics Solutions
Abu Dhabi, UAE – Monday, 16th February 2026
BUA Group, AD Ports Group, and MAIR Group of Abu Dhabi today signed a strategic Memorandum of Understanding (MoU) to explore collaboration in sugar refining, agro-industrial development, and integrated global logistics solutions. The partnership aims to create a world-class platform that strengthens regional food security, supports industrial diversification, and reinforces Abu Dhabi’s position as a hub for trade and manufacturing.
The proposed collaboration will leverage BUA Group’s industrial and logistics expertise, Khalifa Port’s world-class infrastructure, and AD Ports Group’s operational experience. The initiative aligns with the objectives of the UAE Food Security Strategy 2051, which seeks to position the UAE as a global leader in sustainable food production and resilient supply chains. It also aligns with Nigeria’s food production- and export-oriented agricultural transformation agenda, focused on scaling domestic capacity, strengthening value addition, improving post-harvest logistics, and unlocking new markets for Nigerian produce across the Middle East, Asia, and beyond.
Photo Caption: L-R: Kabiru Rabiu, Group Executive Director, BUA Group; Cpt. Mohammed J. Al Shamisi, MD/Group CEO, AD Ports Group; Saif Al Mazrouei, CEO (Ports Cluster) AD Ports Group; Abdul Samad Rabiu, Founder/Executive Chairman, BUA Group; and Steve Green, Group CFO, MAIR Group
Through structured aggregation, processing, storage, and maritime export channels, the partnership is designed to reduce supply chain inefficiencies, enhance traceability and quality standards, and also create a predictable trade corridor between West Africa and the Gulf.
BUA Group—recognised as one of Africa’s largest and most diversified conglomerates, with major investments across sugar refining, food production, flour milling, cement manufacturing, and infrastructure- brings extensive industrial expertise and large-scale operational capability to the venture. MAIR Group will provide strategic support in developing integrated logistics and agro-industrial solutions, creating a seamless platform for production, storage, and distribution.
Abdul Samad Rabiu, Founder and Chairman of BUA Group, said:
“This MoU marks an important milestone in BUA’s international expansion and reflects our long-term vision of building globally competitive industrial platforms. Together with AD Ports Group and MAIR Group, we aim to develop sustainable food production and logistics solutions that strengthen regional supply chains and support the UAE’s Food Security Strategy 2051.”
He further added that, “This partnership represents not just a commercial arrangement but a strategic food corridor anchored on shared economic ambition, resilient infrastructure, and disciplined execution, reinforcing long-term food security objectives for both nations.”
A representative of MAIR Group added:
“This collaboration underscores our commitment to advancing strategic industries in Abu Dhabi and building integrated solutions that reinforce the UAE’s position as a global hub for trade, food security, and industrial excellence.”
A spokesperson from AD Ports Group commented:
“Our partnership with BUA Group and MAIR Group highlights Khalifa Port’s role as a catalyst for high-impact industrial investments. This initiative will enhance regional food security, strengthen global trade connectivity, and support Abu Dhabi’s economic diversification goals.”
This MoU marks a historic collaboration that combines world-class infrastructure, industrial expertise, and strategic vision, setting the stage for a sustainable and resilient food and logistics ecosystem that will benefit the UAE, the region, and global markets alike.
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