Business
Adron Homes: A Giant Stride in Nigeria’s Real Estate Development
In the dynamic and rapidly evolving landscape of Nigeria’s real estate sector, one company has distinguished itself with visionary leadership, innovative projects, and a steadfast commitment to transforming housing development. Adron Homes and Properties, a key player in the industry, has redefined the standards of real estate in the country, making giant strides that resonate with both seasoned investors and first-time homebuyers alike.
Founded with a mission to make luxurious and affordable housing accessible to all Nigerians, Adron Homes has positioned itself as a leader in providing premium real estate solutions across the country. At the heart of its success is the company’s ability to understand and adapt to the evolving needs of the Nigerian market.
Adron’s strategy, under the leadership of its founder and CEO, Aare Adetola Emmanuel-King, has always been focused on making homeownership not just a dream but a tangible reality for many. This vision is driven by a firm belief that quality housing should be available to everyone, regardless of social or economic background.
The company’s approach to real estate development incorporates a broad spectrum of projects, from luxury estates to more affordable housing options, ensuring that their offerings cater to both the elite and middle-class demographics. With a presence in strategic cities like Lagos, Ibadan, Abuja, and beyond, Adron Homes has successfully expanded its footprint, creating a unique blend of architectural elegance, functionality, and modern living.
One of the major factors contributing to Adron Homes’ continued success is its focus on innovation and large-scale projects that reflect the aspirations of the modern Nigerian family. From residential estates that offer state-of-the-art facilities to eco-friendly environments designed to foster community living, the company is at the forefront of redefining urban living.
Key projects such as its Town Park and Gardens Emuren Imota, Eko City Park and Gardens, Lekki Epe, Grandview Park and Gardens in Atan-Ota, Treasure Parks and Gardens in Shimawa, and Rehoboth Park and Gardens in Ibeju-Lekki are prime examples of how Adron is revolutionizing real estate in the country. These estates boast modern infrastructure, well-planned layouts, and amenities that enhance the quality of life—such as parks, recreational centers, and security networks.
What truly sets Adron apart is its focus on delivering high-value estates at affordable prices. This strategy has opened the doors for middle-class Nigerians to invest in quality homes and land, an opportunity that was previously reserved for the affluent. The company offers flexible payment plans, making it easier for individuals to own properties without the overwhelming burden of upfront payments.
In addition to affordability, Adron Homes is also committed to sustainable development. The company integrates eco-friendly practices into its projects, such as the use of solar energy, rainwater harvesting systems, and green spaces, ensuring that its estates not only meet today’s needs but are also future-proofed for tomorrow’s environmental challenges.
As cities continue to grow and urbanization rates in Nigeria soar, Adron’s focus on creating communities that promote wellness and sustainability becomes increasingly significant. The design of these estates encourages walkability, reduces carbon footprints, and promotes environmental stewardship, which is crucial in addressing the impacts of climate change in urban areas.
Beyond real estate, Adron Homes is making significant contributions to social and economic development. The company is not just creating homes but building communities. Through job creation, Adron Homes has provided employment for thousands of Nigerians, from architects and construction workers to administrative and sales personnel.
The company’s outreach programs, such as Adron Empowerment Initiatives, have also impacted lives across the nation, providing skills training, scholarships, and small-scale business support to those in need. This commitment to corporate social responsibility ensures that Adron is not only a commercial success but a company deeply rooted in community development and empowerment.
Operating in the Nigerian real estate sector comes with its challenges. Factors such as fluctuating foreign exchange rates, inflation, and unstable government policies pose significant risks. However, Adron Homes has demonstrated remarkable resilience, maintaining its growth trajectory while navigating these hurdles.
The company’s ability to weather economic storms is largely attributed to its sound financial management, diverse portfolio, and innovative approach to overcoming obstacles. By staying ahead of trends and embracing technology, Adron continues to adapt to the changing real estate landscape, setting an example for others in the industry.
As Adron Homes looks to the future, its growth plans remain ambitious. The company is expanding its portfolio beyond residential estates to include commercial real estate, hospitality, and tourism developments. This diversification aligns with Nigeria’s growing demand for multi-purpose urban spaces and integrated living solutions.
In line with this, Adron has already begun the development of estates tailored to emerging real estate trends, such as smart homes and tech-enabled buildings that reflect the shifting dynamics of the global property market. As Nigeria’s population continues to grow, and urbanization trends increase, Adron is positioning itself to be a key player in shaping the cities of the future.
In a country where the housing deficit continues to pose a major challenge, Adron Homes stands out as a transformative force. Its ability to blend affordability with luxury, coupled with its innovative approach to real estate development, has set the company apart as a leader in the Nigerian market.
Sterling Bank, on Wednesday, announced the removal of account maintenance fees on all personal accounts, describing the decision as a “gift” to Nigerians in celebration of the country’s 65th Independence Day.
The decision, which follows the abolition of transfer fees on local online transactions in April 2025, was outlined in a statement shared by the bank. The bank said the policy would allow customers to keep more of their earnings, framing it as a step toward financial freedom.
“Every fee we remove is one less barrier between our customers and true financial freedom. This was the rationale behind eliminating transfer fees in April, and it is the same principle we uphold as we eliminate account maintenance fees,” Sterling Bank’s Managing Director, Abubakar Suleiman, said.
The statement highlighted that in 2024 alone, tier-1 banks in Nigeria earned over ₦650 billion from account maintenance and e-banking charges. “This decision cuts at the heart of a revenue model that has long cost Nigerian customers dearly,” the bank noted.
Obinna Ukachukwu, Sterling’s Growth Executive for Consumer and Business Banking, said the initiative was intended to strengthen long-term relationships with customers. “This initiative is about building lasting relationships that fuel sustainable growth. We put transparency and customer value first, and in doing so, we are building a foundation that serves both our customers and Sterling’s future,” he said.
Sterling Bank also framed the removal of fees as part of a broader strategy to make banking more inclusive and customer-focused. The April 2025 transfer fee abolition had already eliminated charges on all local online transactions, easing costs for individuals and small businesses. At the time, Ukachukwu described the move as a values-driven decision aimed at ensuring fair access to money.
“Access to your own money shouldn’t come with a penalty. This is more than a financial decision—it’s about redefining banking to put customers first,” Ukachukwu said.
The latest move aligns with Sterling’s positioning as a bank committed to transparency, customer value, and digital innovation, and it signals a continued effort to reshape banking practices in Nigeria.
Guaranty Trust Holding Company Plc has reported a profit before tax of N600.9 billion for the half year ended June 30, 2025.
The figure is contained in the company’s audited consolidated and separate financial statements, which were released to the Nigerian Exchange Group and the London Stock Exchange.
The group stated that the performance was driven by growth in core earnings lines, including interest income and fee income, which rose year-on-year by 31.5% and 33.0%, respectively.
It explained that the growth helped to cushion the absence of N493.01 billion in fair value gains recorded in 2024, resulting in a 40 per cent decline.
GTCO stated that its total assets stood at N16.7 trillion, while shareholders’ funds totaled N3.0 trillion during the review period.
It added that its balance sheet remained strong, diversified, and de-risked across operating jurisdictions, as well as its payments, pension, and funds management businesses.
The group disclosed that its Capital Adequacy Ratio closed at 36.2 per cent, while asset quality improved with IFRS 9 Stage 3 loans declining to 3.2 per cent.
At the group level, Stage 3 loans stood at 4.5 per cent, compared with 5.2 per cent in December 2024.
Similarly, the cost of risk improved to 1.7 per cent from 4.9 per cent recorded in December 2024.
The company stated that its net loan book increased by 20.5 per cent, from N2.79 trillion in December 2024 to N3.36 trillion in June 2025.
Deposit liabilities also increased by 16.6 per cent from N10.40 trillion to N12.13 trillion during the same period.
The board of GTCO approved an interim dividend of N1.00 per share for the half year ended June 30, 2025.
Commenting on the results, Segun Agbaje, Group Chief Executive Officer, said the half-year performance reflected business strength and progress towards building a diversified financial services ecosystem.
He said beyond last year’s extraordinary one-off gains, the group was now driving sustainable growth with recurring earnings that demonstrated the resilience and scalability of its model.
Mr Agbaje noted that continued investment in technology, particularly in core banking upgrades, was delivering stronger uptime, efficiency, and greater capacity to scale with a growing customer base.
He added that across banking, funds management, pension, and payments, GTCO was leveraging a de-risked balance sheet to reinforce its market position while maintaining strategic flexibility. According to him, this foundation positions the group to seize emerging opportunities and deliver lasting value for all stakeholders.
Mr Agbaje stressed that GTCO had continued to post some of the best metrics in Nigeria’s financial services industry in terms of key financial ratios. He said the group recorded Pre-Tax Return on Equity of 60.4 per cent, Pre-Tax Return on Assets of 10.6 per cent, Capital Adequacy Ratio of 36.2 per cent, and Cost-to-Income ratio of 30.1 per cent.
NAN
In line with its commitments of promoting sports and developmental initiatives at all levels, First Bank of Nigeria Limited is partnering the organizers of the first of its kind E1 Lagos GP an all-electric powerboat racing championship, set to hold between the 3rd and 5th of October 2025.
Disclosing this at the E1 Lagos GP Stakeholder Immersion session in Lagos recently, Olayinka Ijabiyi, the Acting Group Head, Marketing and Corporate Communication of FirstBank, reaffirmed the Bank’s commitment to supporting initiatives that engender human development across the country while cementing legacies.
“Our involvement in the E1 Lagos GP is about driving legacy and enabling the passions and aspirations that unite Nigerians. We are a bank that has been in business for over 131 years and we recognize that sports drives us as a country, which is why through our First@Sports initiative, we continue to invest in platforms that inspire and elevate our people. We have been supporting legacy sport tournaments like the Georgian Polo Cup which we have hosted for 105 years, and the Lagos Amateur Open Golf Championship for 64 years now,” Ijabiyi said.
With the event slated for the start of the fourth quarter, FirstBank is aligning its partnership with the annual DecemberIssaVybe initiative, a campaign that celebrates the vibrant spirit of Nigerians during the festive season by curating unforgettable experiences that blend culture, entertainment and lifestyle. “FirstBank is deeply woven into the fabric of society and the lives of our customers. As presenting partner, we are creating meaningful touchpoints with customers and prospects, offering them a world-class experience of relaxation and celebration that captures the true essence of Lagos during the festive season,” he added.
Lagos State Commissioner for Information and Strategy, Gbenga Omotoso, who was also at the event, described the initiative as an event that will grow not just the sports but also showcase Lagos’s vibrant culture, dynamic people, and global relevance, while commending FirstBank for their support.
The teams owned by notable stars like Tom Brady, LeBron James, Didier Drogba, Will Smith, Marc Anthony, Steve Aoki, Rafael Nadal will compete in the Lagos leg before the 2025 season of the competition terminates in Miami in the United States.
