Real Estate News Daily
NHM brings you the most important real estate stories of the week.
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NATIONAL NEWS
Nigeria has secured a 500 million dollar loan from the African Development Bank to strengthen economic governance, reform the power sector, and support the country’s energy transition goals. The funding will back fiscal reforms, electricity upgrades, and new climate commitments for 2026 to 2030.
LAGOS
NHM analysis on Governor Sanwo-Olu's endorsement of the Orca Mall in Eko Atlantic City. The project signals high-level confidence in Lagos’s real estate development and investor-focused strategy.
ABUJA
The Federal Capital Territory Administration has started enforcement against 1,095 property owners in Abuja for failing to pay ground rent and other land charges, with possible penalties including repossession and sealing of properties.
World News
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FCTA Demolishes Over 1,000 Illegal Shanties Along Karsana Road Corridor in Abuja
The Federal Capital Territory Administration (FCTA) has commenced the demolition of more than 1,000 illegal shanties along the Karsana road corridor in Abuja.