Key Takeaways:
In 2024, Nigeria’s construction and real estate sector had a broadly positive performance, marked by rising profitability across most listed companies. Chapel Hill Denham led the pack with ₦19.6 billion in profit, accounting for nearly half of the sector’s total, despite a slight dip from the previous year. Julius Berger saw a 24% rise in profit after tax (PAT), while UPDC REIT also reported a consistent growth of 24%.
UPDC Plc emerged as the standout performer, recording the highest year-on-year profit growth at 278%, signalling a strong turnaround. Other REITs, including UH REIT and SFS REIT, also posted improved earnings. Meanwhile, Ronchess Global Resources made progress by significantly reducing its losses, although it remained unprofitable.
FCT, Ogun, and Nasarawa consistently rank as the top three states with the highest number of road accidents.
The FCT recorded its peak accident figures in 2022, particularly in Q2 (842 cases) and Q4 (864 cases).
In Q2 and Q3 of 2024, Ogun State surpassed the FCT in the number of reported accidents.
Across these three states, there has been a notable decline in accident numbers, with an average decrease of approximately 37.6% between Q2 and Q3 2024.
