With fairly consistent intervention in the FX market of approximately US$3.5bn by the Central Bank of Nigeria (CBN) in the third quarter, there was further convergence in the interbank and parallel market rates.
Despite the improvement in macro-economic fundamentals, activities in the real estate sector continued to trend downwards in the third quarter of this year with transactions in the prime office market favouring smaller sized spaces of 200 square metres to 500 square metres.
This is a pointer to inv
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