IBOV 177,310.14 ▼ 0.13% IPSA 11,020.34 ▲ 0.10% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,356,435 ▼ 0.69% COLCAP 2,313.99 ▲ 0.74% BVL PERÚ 57,575.02 — — USD/BRL5.08▲ 0.44% USD/MXN17.51▲ 0.69% USD/CLP945.50▲ 1.06% USD/COP3,215▼ 0.40% USD/PEN3.40▼ 0.15% USD/ARS1,488▲ 0.36% USD/UYU40.14▲ 1.16% USD/PYG6,025▲ 1.20% USD/BOB11.03▲ 3.57% USD/DOP57.95▼ 0.09% USD/CRC451.03▲ 2.18% USD/GTQ7.62▲ 2.29% USD/HNL26.74▲ 0.88% USD/NIO36.62▲ 0.31% USD/VES736.04▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.48% USD/TTD6.73▲ 1.11% EUR/BRL5.77▼ 0.46% BRENT 86.98 ▼ 7.54% WTI 91.93 ▲ 5.87% IRON ORE 161.91 — — COPPER 6.36 ▼ 1.35% GOLD 4,057 ▼ 2.16% SILVER 58.05 ▼ 3.28% SOY 1,246 ▲ 1.07% CORN 487.25 ▲ 5.47% WHEAT 701.25 ▼ 0.64% COFFEE 312.20 ▼ 1.41% SUGAR 14.73 ▼ 0.07% ORANGE JUICE 146.65 ▼ 2.43% COTTON 81.49 ▲ 2.03% COCOA 5,241 ▼ 1.63% BEEF 221.58 ▼ 0.73% CATTLE 339.73 ▼ 0.42% LITHIUM 69.20 ▲ 0.28% PETR4 43.38 ▲ 1.88% VALE3 76.93 ▲ 2.44% ITUB4 42.61 ▼ 0.68% BBDC4 18.86 ▼ 0.58% ABEV3 16.06 ▼ 0.43% BBAS3 20.94 ▼ 0.71% B3SA3 15.69 ▼ 1.32% WEGE3 45.34 ▼ 3.00% PRIO3 60.91 ▲ 1.91% SUZB3 42.31 ▼ 0.82% RENT3 37.01 ▼ 0.35% AZZA3 17.33 ▼ 2.70% CSAN3 3.92 — 0.00% RAIZ4 0.27 — 0.00% PCAR3 2.75 — 0.00% GMAT3 3.89 ▼ 0.51% PSSA3 55.46 ▲ 0.02% CVCB3 1.26 ▼ 0.79% POSI3 3.68 ▼ 0.54% SLCE3 14.00 ▲ 0.29% NATU3 8.67 ▼ 0.12% BRKM5 6.16 ▲ 1.48% RANI3 8.01 ▲ 0.13% CSNA3 5.58 ▲ 3.72% CMIN3 5.77 ▼ 1.20% USIM5 8.65 — 0.00% GGBR4 24.32 ▲ 1.08% ENEV3 25.69 ▼ 1.08% CPFE3 46.36 ▼ 0.75% CMIG4 11.15 ▼ 0.54% EQTL3 38.82 ▼ 1.35% LREN3 13.41 ▼ 0.96% VIVT3 35.01 ▼ 1.05% RAIL3 13.88 ▲ 1.76% KLABIN 17.75 ▼ 1.00% RAIA DROGASIL 18.65 ▲ 1.97% RDOR3 33.59 ▼ 2.61% HAPV3 10.90 ▼ 4.30% FLRY3 16.60 ▼ 0.30% SMTO3 16.14 ▲ 0.56% UGPA3 33.15 ▲ 0.97% VBBR3 35.23 ▲ 0.71% BBSE3 42.39 ▼ 0.45% BPAC11 56.17 ▼ 1.49% CURY3 29.53 ▼ 2.22% AERI3 2.07 ▲ 0.98% VIVARA 21.44 ▼ 0.51% COMPASS 24.85 ▲ 0.16% VAMOS 3.19 ▼ 1.24% SANB11 26.80 ▼ 0.56% ASAI3 8.23 ▼ 2.02% SBSP3 28.70 ▼ 2.01% WALMEX 47.62 ▼ 2.12% GMEXICO 214.55 ▼ 0.21% FEMSA 226.50 ▼ 0.54% CEMEX 21.72 ▼ 2.03% GFNORTE 191.57 ▼ 0.03% BIMBO 59.90 ▼ 0.66% TELEVISA 9.78 ▼ 0.41% AMX 22.77 ▲ 0.35% GAP 376.27 ▼ 0.12% ASUR 271.86 ▼ 0.61% OMA 228.60 ▼ 0.04% KOF 182.36 ▼ 0.16% GRUMA 275.56 ▼ 1.74% KIMBER 38.79 ▼ 0.08% SQM-B 66,512 ▲ 2.24% COPEC 6,500 ▼ 0.76% BSANTANDER 79.95 ▲ 0.13% FALABELLA 6,052 ▲ 0.17% ENELAM 84.50 ▼ 0.04% CENCOSUD 2,006 ▼ 0.19% CMPC 1,071 ▲ 0.06% BANCO CHILE 194.25 ▲ 0.39% LATAM AIR 23.61 ▼ 1.99% YPF 83,600 ▲ 1.33% GGAL 8,170 ▼ 1.27% PAMPA 5,600 ▼ 0.44% TXAR 664.00 ▼ 0.60% ALUAR 976.50 ▲ 0.26% TGS 10,040 ▲ 1.36% CEPU 2,383 ▼ 1.16% MIRGOR 16,675 ▼ 1.48% COME 42.74 ▼ 0.93% LOMA NEGRA 3,725 ▼ 2.23% BYMA 295.00 ▼ 0.17% TELECOM ARG 4,285 ▼ 3.05% ECOPETROL 16.82 ▲ 0.78% BANCOLOMBIA 85.77 ▲ 1.31% GRUPO AVAL 4.98 ▼ 1.19% CREDICORP 389.75 ▼ 1.00% SOUTHERN COPPER 188.47 ▼ 3.59% BUENAVENTURA 31.34 ▼ 2.34% MERCADOLIBRE 1,786 ▼ 0.72% NUBANK 14.43 ▼ 0.59% XP 17.28 ▼ 0.12% PAGSEGURO 9.48 ▼ 2.02% STONE 11.09 ▼ 2.42% GLOBANT 29.93 ▼ 2.41% TECNOGLASS 44.18 ▼ 2.30% GAP AIRPORT 216.40 ▼ 0.53% ASUR 271.86 ▼ 0.61% OMA AIRPORT 104.61 ▼ 0.70% AMX ADR 25.97 ▼ 0.57% FEMSA ADR 129.65 ▼ 0.97% CEMEX ADR 12.40 ▼ 2.52% PETROBRAS ADR 19.28 ▲ 2.04% VALE ADR 15.14 ▲ 1.95% ITAU ADR 8.38 ▼ 1.18% SANTANDER BR 5.38 ▼ 1.38% AMBEV ADR 3.13 ▼ 0.32% CSN 1.11 ▲ 1.38% GERDAU 4.79 ▲ 0.42% LATAM ADR 49.82 ▼ 2.82% BTC 64,985 ▼ 1.69% ETH 1,899 ▼ 1.79% SOL 76.62 ▼ 1.65% XRP 1.11 ▼ 2.56% BNB 567.06 ▼ 0.65% ADA 0.17 ▼ 1.67% DOGE 0.07 ▼ 3.55% AVAX 6.47 ▼ 2.22% LINK 8.49 ▼ 1.49% DOT 0.82 ▼ 2.06% LTC 46.63 ▼ 0.94% BCH 214.61 ▼ 2.44% TRX 0.33 ▼ 0.71% XLM 0.18 ▼ 2.69% HBAR 0.07 ▼ 1.44% NEAR 1.89 ▲ 0.97% ATOM 1.44 ▼ 1.81% AAVE 96.24 ▼ 1.15% SELIC 14.25% EMBRAER 83.61 ▼ 0.21% EMBRAER ADR 66.02 ▼ 0.05% JBS 12.03 ▼ 1.80% JBS BDR 61.21 ▼ 0.95% MBRF3 16.12 ▲ 0.56% MBRFY 3.11 ▼ 2.51% INTER 5.56 ▼ 2.37% EGX 53,932 ▼ 0.11% USD/ZAR16.71▲ 1.90% USD/NGN1,366▼ 0.48% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY163.93▲ 0.48% USD/CNY6.76▼ 0.12% DAX 24,844 ▼ 1.24% CAC 8,307 ▼ 1.56% FTSE 10,658 ▼ 0.55% MIB 51,544 ▼ 2.36% IBEX 19,315 ▼ 1.31% STOXX 640.48 ▼ 1.00% EUR/USD1.14▼ 0.37% GBP/USD1.33▼ 0.45% SPX 7,424 ▼ 1.00% DJI 51,722 ▼ 0.95% NDX 28,576 ▼ 1.46% RUT 2,942 ▼ 0.61% TSX 35,290 ▼ 0.55% VIX 19.13 ▲ 14.96% USD/CAD1.41▲ 0.01% US10Y 4.7050 ▲ 1.03% IBOV 177,310.14 ▼ 0.13% IPSA 11,020.34 ▲ 0.10% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,356,435 ▼ 0.69% COLCAP 2,313.99 ▲ 0.74% BVL PERÚ 57,575.02 — — USD/BRL 5.08 ▲ 0.44% USD/MXN 17.51 ▲ 0.69% USD/CLP 945.43 ▲ 1.05% USD/COP 3,215 ▼ 0.40% USD/PEN 3.40 ▼ 0.15% USD/ARS 1,488 ▲ 0.36% USD/UYU 40.14 ▲ 1.16% USD/PYG 6,025 ▲ 1.20% USD/BOB 11.03 ▲ 3.57% USD/DOP 57.95 ▼ 0.09% USD/CRC 451.03 ▲ 2.18% USD/GTQ 7.62 ▲ 2.29% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.31% USD/VES 736.04 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.48% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.77 ▼ 0.46% BRENT 86.98 ▼ 7.54% WTI 91.93 ▲ 5.87% IRON ORE 161.91 — — COPPER 6.36 ▼ 1.35% GOLD 4,057 ▼ 2.16% SILVER 58.05 ▼ 3.28% SOY 1,246 ▲ 1.07% CORN 487.25 ▲ 5.47% WHEAT 701.25 ▼ 0.64% COFFEE 312.20 ▼ 1.41% SUGAR 14.73 ▼ 0.07% ORANGE JUICE 146.65 ▼ 2.43% COTTON 81.49 ▲ 2.03% COCOA 5,241 ▼ 1.63% BEEF 221.58 ▼ 0.73% CATTLE 339.73 ▼ 0.42% LITHIUM 69.20 ▲ 0.28% PETR4 43.38 ▲ 1.88% VALE3 76.93 ▲ 2.44% ITUB4 42.61 ▼ 0.68% BBDC4 18.86 ▼ 0.58% ABEV3 16.06 ▼ 0.43% BBAS3 20.94 ▼ 0.71% B3SA3 15.69 ▼ 1.32% WEGE3 45.34 ▼ 3.00% PRIO3 60.91 ▲ 1.91% SUZB3 42.31 ▼ 0.82% RENT3 37.01 ▼ 0.35% AZZA3 17.33 ▼ 2.70% CSAN3 3.92 — 0.00% RAIZ4 0.27 — 0.00% PCAR3 2.75 — 0.00% GMAT3 3.89 ▼ 0.51% PSSA3 55.46 ▲ 0.02% CVCB3 1.26 ▼ 0.79% POSI3 3.68 ▼ 0.54% SLCE3 14.00 ▲ 0.29% NATU3 8.67 ▼ 0.12% BRKM5 6.16 ▲ 1.48% RANI3 8.01 ▲ 0.13% CSNA3 5.58 ▲ 3.72% CMIN3 5.77 ▼ 1.20% USIM5 8.65 — 0.00% GGBR4 24.32 ▲ 1.08% ENEV3 25.69 ▼ 1.08% CPFE3 46.36 ▼ 0.75% CMIG4 11.15 ▼ 0.54% EQTL3 38.82 ▼ 1.35% LREN3 13.41 ▼ 0.96% VIVT3 35.01 ▼ 1.05% RAIL3 13.88 ▲ 1.76% KLABIN 17.75 ▼ 1.00% RAIA DROGASIL 18.65 ▲ 1.97% RDOR3 33.59 ▼ 2.61% HAPV3 10.90 ▼ 4.30% FLRY3 16.60 ▼ 0.30% SMTO3 16.14 ▲ 0.56% UGPA3 33.15 ▲ 0.97% VBBR3 35.23 ▲ 0.71% BBSE3 42.39 ▼ 0.45% BPAC11 56.17 ▼ 1.49% CURY3 29.53 ▼ 2.22% AERI3 2.07 ▲ 0.98% VIVARA 21.44 ▼ 0.51% COMPASS 24.85 ▲ 0.16% VAMOS 3.19 ▼ 1.24% SANB11 26.80 ▼ 0.56% ASAI3 8.23 ▼ 2.02% SBSP3 28.70 ▼ 2.01% WALMEX 47.62 ▼ 2.12% GMEXICO 214.55 ▼ 0.21% FEMSA 226.50 ▼ 0.54% CEMEX 21.72 ▼ 2.03% GFNORTE 191.57 ▼ 0.03% BIMBO 59.90 ▼ 0.66% TELEVISA 9.78 ▼ 0.41% AMX 22.77 ▲ 0.35% GAP 376.27 ▼ 0.12% ASUR 271.86 ▼ 0.61% OMA 228.60 ▼ 0.04% KOF 182.36 ▼ 0.16% GRUMA 275.56 ▼ 1.74% KIMBER 38.79 ▼ 0.08% SQM-B 66,512 ▲ 2.24% COPEC 6,500 ▼ 0.76% BSANTANDER 79.95 ▲ 0.13% FALABELLA 6,052 ▲ 0.17% ENELAM 84.50 ▼ 0.04% CENCOSUD 2,006 ▼ 0.19% CMPC 1,071 ▲ 0.06% BANCO CHILE 194.25 ▲ 0.39% LATAM AIR 23.61 ▼ 1.99% YPF 83,600 ▲ 1.33% GGAL 8,170 ▼ 1.27% PAMPA 5,600 ▼ 0.44% TXAR 664.00 ▼ 0.60% ALUAR 976.50 ▲ 0.26% TGS 10,040 ▲ 1.36% CEPU 2,383 ▼ 1.16% MIRGOR 16,675 ▼ 1.48% COME 42.74 ▼ 0.93% LOMA NEGRA 3,725 ▼ 2.23% BYMA 295.00 ▼ 0.17% TELECOM ARG 4,285 ▼ 3.05% ECOPETROL 16.82 ▲ 0.78% BANCOLOMBIA 85.77 ▲ 1.31% GRUPO AVAL 4.98 ▼ 1.19% CREDICORP 389.75 ▼ 1.00% SOUTHERN COPPER 188.47 ▼ 3.59% BUENAVENTURA 31.34 ▼ 2.34% MERCADOLIBRE 1,786 ▼ 0.72% NUBANK 14.43 ▼ 0.59% XP 17.28 ▼ 0.12% PAGSEGURO 9.48 ▼ 2.02% STONE 11.09 ▼ 2.42% GLOBANT 29.93 ▼ 2.41% TECNOGLASS 44.18 ▼ 2.30% GAP AIRPORT 216.40 ▼ 0.53% ASUR 271.86 ▼ 0.61% OMA AIRPORT 104.61 ▼ 0.70% AMX ADR 25.97 ▼ 0.57% FEMSA ADR 129.65 ▼ 0.97% CEMEX ADR 12.40 ▼ 2.52% PETROBRAS ADR 19.28 ▲ 2.04% VALE ADR 15.14 ▲ 1.95% ITAU ADR 8.38 ▼ 1.18% SANTANDER BR 5.38 ▼ 1.38% AMBEV ADR 3.13 ▼ 0.32% CSN 1.11 ▲ 1.38% GERDAU 4.79 ▲ 0.42% LATAM ADR 49.82 ▼ 2.82% BTC 64,985 ▼ 1.69% ETH 1,899 ▼ 1.79% SOL 76.62 ▼ 1.65% XRP 1.11 ▼ 2.56% BNB 567.06 ▼ 0.65% ADA 0.17 ▼ 1.67% DOGE 0.07 ▼ 3.55% AVAX 6.47 ▼ 2.22% LINK 8.49 ▼ 1.49% DOT 0.82 ▼ 2.06% LTC 46.63 ▼ 0.94% BCH 214.61 ▼ 2.44% TRX 0.33 ▼ 0.71% XLM 0.18 ▼ 2.69% HBAR 0.07 ▼ 1.44% NEAR 1.89 ▲ 0.97% ATOM 1.44 ▼ 1.81% AAVE 96.24 ▼ 1.15% SELIC 14.25% EMBRAER 83.61 ▼ 0.21% EMBRAER ADR 66.02 ▼ 0.05% JBS 12.03 ▼ 1.80% JBS BDR 61.21 ▼ 0.95% MBRF3 16.12 ▲ 0.56% MBRFY 3.11 ▼ 2.51% INTER 5.56 ▼ 2.37% EGX 53,932 ▼ 0.11% USD/ZAR 16.68 ▲ 1.66% USD/NGN 1,366 ▼ 0.27% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY 163.93 ▲ 0.51% USD/CNY 6.7696 ▲ 0.08% DAX 24,844 ▼ 1.24% CAC 8,307 ▼ 1.56% FTSE 10,658 ▼ 0.55% MIB 51,544 ▼ 2.36% IBEX 19,315 ▼ 1.31% STOXX 640.48 ▼ 1.00% EUR/USD 1.1373 ▼ 0.32% GBP/USD 1.3325 ▼ 0.38% SPX 7,424 ▼ 1.00% DJI 51,722 ▼ 0.95% NDX 28,576 ▼ 1.46% RUT 2,942 ▼ 0.61% TSX 35,290 ▼ 0.55% VIX 19.13 ▲ 14.96% USD/CAD 1.4088 ▲ 0.04% US10Y 4.7050 ▲ 1.03%
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Thursday, July 23, 2026

Africa Western Africa

Under the Rubble: A Closer Look at Lagos’s Frequent Building Collapses

By · September 2, 2024 · 2 min read

Africa Intelligence

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In Lagos, Nigeria, a building collapses almost every two weeks. The impact is devastating, with countless lives lost beneath the ruins.

These frequent tragedies reveal deep flaws in governance and rampant corruption. Regulations exist, but their enforcement is inconsistent and often ignored.

Buildings fall, taking lives and futures with them, and no one is held accountable. One notable event in 2021 involved the collapse of a luxury high-rise in Ikoyi, killing 42 people.

Authorities quickly sealed off the site. The government led the investigation, which remains unpublished. Despite media efforts, no report or recommendations have emerged.

Investigators blamed the negligence of government agencies that oversee construction, highlighting widespread frustration over irresponsible governance protected by political power.

Under the Rubble: A Closer Look at Lagos's Frequent Building Collapses
Under the Rubble: A Closer Look at Lagos’s Frequent Building Collapses. (Photo Internet reproduction)
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Lagos’s booming population now exceeds 20 million. The city seems like one giant construction site. Officially, every project must get approval from the state’s Physical Planning Permit Agency.

Challenges in Building Safety Oversight in Lagos

Inspectors from the Lagos State Building Control Agency (LASBCA) monitor each site. Reality shows a different story.

LASBCA recognizes the challenges but cites a lack of resources. With only 300 inspectors, they cannot manage the numerous ongoing projects across the city’s 57 local government areas.

The consequences of this oversight are severe. Workers like Habu Isah discuss informal hiring practices with no proper training.

In addition, substandard materials and poor building methods are common yet rarely addressed by the law.

Despite a record number of collapses this year, political will to solve this issue seems lacking. Those with connections avoid consequences, continuing the cycle of danger.

The head of the Council for the Regulation of Engineering in Nigeria admits the lack of capability to address these issues properly. He points out deficiencies in expertise, equipment, and resources.

As the city grapples with these challenges, the story of Lagos’s collapse underscores the urgent need for improved urban planning and construction safety. Immediate action is necessary, not just to preserve structures but to save lives.

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