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Lamudi Launches 1st Property Hotline, Eyes 50m Mobile Users

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(L-r): Albert Orizu, senior partner of Knight Frank, Obi Ejimofo, MD, Lamudi Nigeria and Ehondor Erhabor, partner, Knight Frank, discussing immediately after Lamudi Dial4Home hotline was launched.
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Lamudi, leading online real estate marketplace has launched the first property hotline for the Nigerian community. The Dial-4-Home hotline has been developed as an extension to Lamudi’s market-leading Internet platform to extend access to the country’s largest database of properties to the estimated 50 million mobile users who do not have access to the internet via smartphones and tablets.

Many view Nigeria as a market with significant potential for Internet-based businesses, with over 60 percent of all Internet connections made from an estimated 12 million smartphone and tablet devices.

However, there are more than four times as many mobile subscribers who do not have access to the Internet via their device.

With the launch of Dial-4-Home, Lamudi aims to enable property-seekers without an Internet connection to access the same kind of service that users enjoy at Lamudi.com.ng.

“Technological innovation is not only about what you can achieve on the Internet,” said Obi Ejimofo, managing director of Lamudi Nigeria.

He said the Lamudi remains committed to encourage technology relevance, accessible and valuable to the broadest spectrum of users.

“We developed Dial4Home to assist those property-seekers with little or no access to the Internet. Through voice calls and SMS, they can now search a wide selection of properties, from affordable housing to luxury accommodation.

“Ever since our launch just over a year ago, we always had the intention to bring Dial-4-Home to the market. In 2014 we focused most of our efforts on building the broadest possible database of properties, real estate agents and property developers to ensure maximum customer choice. Now we are extending that choice to as many Nigerians as possible,” Ejimofo added.

By calling the Dial-4-Home number, the Lamudi Boss said, house-hunters can inquire about properties for sale or rent. Users will be able to get over-the-phone access to listings from over 7,000 property agents and developers who currently list their properties on the Lamudi Nigeria website.

“To find your dream property over the phone, call the Dial-4-Home hotline on 07000 526834; Monday – Friday: 8am – 8pm, Saturday: 10am – 5pm and Sunday: 12pm – 5pm.

Speaking at the launching of the hotline in Lagos, Chief Albert Orizu, senior partner of Knight Frank, extolled Lamudi’s leadership role in the industry in the past two years, adding that Company (Knight Frank), has found operations of the platform as professionally done and trustworthy.

Orizu also encouraged Lamudi jealously guard its image by not allowing unprincipled real estate agents to come on the platform to defraud unsuspecting members of the society.

“Lamudi has actually done a lot since its launch in this market. As one of the early partners and still partners with Lamudi, they have improves some trends in the industry. This hotline will all deepen Lamudi’s penetration and restore peoples confidence in the system. We are particularly happy with Lamudi because it has maintained its operational competencies, not interfering on matters concerning agents and clients; they only provide the platform for these people to meet.

“At the same time, Lamudi must guard against allowing unscrupulous (real estate) agents to register on their platform and defraud the people or cause chaos in the system,” he said.

To this end, Obi said that Lamudi has been apt in monitoring agents that register on the platform, adding that they have a large pool of over 7000 agents with 4000 of them already verified.

He added that Dail-4-Home provides additional credit to the process. Lamudi has in 2014 entered into partnership with Estate Rent and Commission Agent Association of Nigeria (ERCAAN).

Lamudi Nigeria is the leading online real estate market place exclusively focused on emerging markets.

The website and the apps offer easy to use and secure platform to buy, rent or sell real estate online.

Lamudi.com.ng, which started operations in October 2013, has over 40,000 residential and commercial property listing from developers and real estate agents.

The company has active offices in Lagos, Abuja, Ibadan and Port Harcourt.

Innovations

Apart from the Dial-4-Home hotline launch, Lamudi has continuously unleashed innovations in the Nigerian real estate marketing, with mobile apps for iOS and Android.

It has the Nigeria’s most read real estate blog with over 100,000 his weekly and an extensive social media presence including over one million likes on facebook.

Reach And Expertise

Lamudi operates in 28 countries across emerging markets.

It is part of a global portfolio of internet ventures with presence in many countries and has a team of over eighty young people across all major cities of Nigeria.

 


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New Horizons Invests N50m to Empower Almajiris with Skills

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New Horizons Nigeria has launched a N50 million initiative aimed at transforming 21 Almajiri children into skilled computer technicians within 90 days, to tackle youth unemployment and harness human potential.

The Almajiri-to-Tech programme, officially launched in Abuja on Monday, provides participants with full training, meals, clothing, tools, and logistics support, all fully funded.

Speaking at the launch, the Chief Executive Officer of New Horizons, Tim Akano, said the programme represents a new journey in the history of Nigeria by restoring the original purpose of the Almajiri system, which he described as “children sent out to seek knowledge.”

“The word Almajiri comes from an Arabic term meaning emigrant and seeker of knowledge. Historically, children were sent to learn morals, responsibility, and skills to add value to society,” Akano said.

He added that the disruption of this system during colonial times forced many children onto the streets, a challenge that persists today.

Akano highlighted the urgency of addressing the Almajiri issue, noting that there are an estimated 15 million Almajiris in the country, with a population growth rate of around three per cent annually.

“If we do not solve this problem as a country, we are sitting on a time bomb,” he warned.

According to him, the programme focuses on hands-on technical skills rather than theory. Trainees will learn to repair mobile phones, laptops, televisions, radios, standing fans, and other electronic devices, as well as build inverter batteries using recycled electronic waste.

“We are not teaching theory. We are teaching practical skills you can use to earn a living,” Akano said, stressing that the programme will not interfere with the participants’ Quranic education.

“We are still going to allow you, within the period of learning. Your learning computer here is not stopping your Quranic education.

“You still have time within our space here. Whenever you want to go and pray, you can pray, then come back to class,” the CEO stressed.

He added that participants will also receive daily meals, water, T-shirts identifying them as technicians-in-training, and access to all necessary tools and equipment throughout the 90-day programme.

Akano said the initiative is part of a larger mission by New Horizons Nigeria, which has spent the past 21 years training about 100,000 Nigerians annually in IT and related skills.

He said the new programme aims to “take human genius off the streets and convert it into human capital, enabling these youths to contribute meaningfully to the economy.”

He added that equipping Almajiris with skills could add 15 million people to Nigeria’s workforce and potentially increase the country’s GDP by as much as $20 billion, stressing that productivity depends on practical skills and opportunity.

“Everything that can be taught can be learned. If someone can memorize the Quran cover to cover, there is nothing that cannot be done. What they lack is information, opportunity, and infrastructure, and we are providing all of that,” Akano said.

Akano also stressed that the initiative is designed to inspire other organizations and government agencies to replicate similar programmes across the country.

“This is not just about 21 children; it is about showing Nigeria what is possible when resources meet intention and planning.

“If we succeed in empowering these Almajiris, we demonstrate that the country can turn social challenges into economic opportunities. It’s a blueprint for Nigeria’s future,” he said, noting that the initiative combines social reform, technical education, and economic empowerment.

Also speaking, one of the trainees, Fatima Umar, appreciated the organisers and promised to maximise the opportunity.

“We’ll make you proud of us. We have nothing to say here but to thank and appreciate you. May Almighty Allah continue to guide and protect you,” Umar said.


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IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

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International Monetary Fund has upgraded Nigeria’s 2026 economic growth projection to 4.4 per cent, reflecting improved macroeconomic stability and sustained reforms.

IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

IMF

The January 2026 World Economic Outlook Update forecasts Nigeria’s growth trajectory at 4.1 per cent in 2024, 4.2 per cent in 2025, and 4.4 per cent in 2026—a 0.2 percentage point increase from the October 2025 estimate.

This aligns with sub-Saharan Africa’s projected 4.6 per cent expansion in 2026 and 2027, driven by regional stabilisation efforts.

Globally, the IMF anticipates 3.3 per cent growth amid resilient conditions tempered by trade policy shifts and technology investments. For Nigeria, declining energy prices—expected to fall seven per cent due to weak demand—pose risks, though OPEC+ coordination and China’s stockpiling provide support.

Despite the optimism, downside risks persist from Middle East and Ukraine tensions, protectionism, high debt, and fiscal deficits. The Fund recommends rebuilding fiscal buffers, ensuring central bank independence, and limiting temporary fiscal measures to maintain stability.

Nigeria’s success hinges on consistent reforms and resilience against domestic and global shocks, the IMF concluded.


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Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

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Organisation of Petroleum Exporting Countries (OPEC) reports that Nigeria’s crude oil production, excluding condensate, dropped by 0.7 per cent to 1.486 million barrels per day (mbpd) in November 2025 from 1.496 mbpd in October.

Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

OPEC

The figure, drawn from secondary sources in OPEC’s December 2025 Monthly Oil Market Report, fell short of Nigeria’s 1.5 mbpd quota. Direct communication data showed output at 1.436 mbpd, up from October’s 1.401 mbpd, but still below target.

Nigeria produces around 196,028 bpd of condensate, excluded from quota calculations per Nigerian Upstream Petroleum Regulatory Commission figures. Year-on-year, November’s output marked a slight gain over 1.417 mbpd in November 2024.

Expert Cites Insecurity, Governance Gaps

Petroleum economics expert Wumi Iledare described the quota miss as unsurprising, blaming persistent insecurity, an ageing oil basin lacking new finds, and unoffered hydrocarbon blocks. Governance shortcomings and policy uncertainty further erode investor confidence, he noted.

Selective implementation of the Petroleum Industry Act worsens the situation, with Nigeria needing a single authoritative leader for the sector rather than multiple proxies, Mr Iledare stressed. The country has struggled to consistently hit OPEC targets for years.


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