The naira gained in Nigeria’s parallel market, reaching ₦1,470 per US dollar, while official rates saw slight depreciation. Improved liquidity narrows the FX rate gap, enhancing market stability and investor confidence.

Nigeria is advancing urban development with planned communities like Gracefield Island, Orange Island, and Periwinkle Estate. Strategic planning aims to reduce the 28 million housing deficit, create jobs, and stimulate sustainable economic growth across major cities, particularly Lagos.

Governor Peter Mbah presents a record N1.62 trillion 2026 budget for Enugu State, prioritising infrastructure, education, agriculture, and economic growth. Learn about sectoral allocations, development plans, and fiscal strategy.

The Lagos State Government is halting rehabilitation works on the Admiralty Way–Ajah Jubilee Bridge section from December four to reduce yuletide traffic congestion. Construction resumes mid-January 2026 with enhanced traffic management plans.

Kaduna unveils a ₦985.9 billion 2026 budget centred on security improvements, infrastructure expansion, education, agriculture, and grassroots development. The proposal emphasises community participation, capital investment, and continuity of key reforms across the state.

Nigeria’s Housing Minister, Arc. Ahmed Dangiwa, receives the 2025 Transformational Africa Housing Minister Award for his leadership in affordable housing and urban reform.

Nigeria’s Housing Sector Faces Challenges: Experts Call for Regulation, Affordable Homes, and Infrastructure Investment

Speaker Tajudeen Abbas has denied any involvement in the N18.6 billion NASC headquarters project in Abuja, clarifying that administrative bodies manage procurement and execution. SERAP’s allegations were described as misleading.

Rivers State lawmakers have condemned Governor Siminalayi Fubara’s administration for neglecting public school infrastructure, despite N600bn left by the previous Sole Administrator, highlighting urgent need for reform and investment.