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Nigeria’s rent crisis deepens as two-bedroom flats hit N2.5m

Nigeria’s rental market is spiralling, with two-bedroom apartments averaging N2.5m annually, far above rates of just a few years ago. From N250,000 flats in Benin to N20m luxury units in Lagos, tenants nationwide face surging rents that are deepening an affordability crisis and squeezing millions of households, writes JOSEPHINE OGUNDEJI The Nigerian housing market is […]