This week in Real Estate

NHM brings you the most important real estate stories of the week.

Latest News

Real Estate News in NIgeria
Lagos Airport Expansion Rekindles AIC–FAAN Land Dispute
Lagos Airport Expansion Rekindles AIC–FAAN Land Dispute
Mortgage Rates at 27% Push Homeownership Beyond Reach for Middle-Income Nigerians
Mortgage Rates at 27% Push Homeownership Beyond Reach for Middle-Income Nigerians
FG Warns Contractor Over ₦56 Billion Abuja–Lokoja Highway Project Delays
FG Warns Contractor Over ₦56 Billion Abuja–Lokoja Highway Project Delays
Nigerians Raise Concerns Over Rising Wave of Demolitions
Nigerians Raise Concerns Over Rising Wave of Demolitions
Experts Urge Policy Alignment and Foreign Investment to Accelerate Nigeria’s Real Estate Growth
Experts Urge Policy Alignment and Foreign Investment to Accelerate Nigeria’s Real Estate Growth
Lagos State Government Suspends All Land Reclamation Projects Over Environmental Concerns
Lagos State Government Suspends All Land Reclamation Projects Over Environmental Concerns
NITP President Calls for Full Enforcement of Nigeria’s Urban and Regional Planning Law
NITP President Calls for Full Enforcement of Nigeria’s Urban and Regional Planning Law
NITP President Urges Dialogue on Demolition of 170 Estates Along Lagos Coastal Highway
NITP President Urges Dialogue on Demolition of 170 Estates Along Lagos Coastal Highway
Lagos Halves Minimum Land Requirement for Estate Development
Lagos Halves Minimum Land Requirement for Estate Development
Wike to Launch 12 New Road Projects, Commissions Two in Abuja
Wike to Launch 12 New Road Projects, Commissions Two in Abuja
Lagos State Government to Begin Night Repairs on Ozumba Mbadiwe Road
Lagos State Government to Begin Night Repairs on Ozumba Mbadiwe Road
Benue State Launches 1,080-Unit Eco-City Housing Estate in Makurdi
Benue State Launches 1,080-Unit Eco-City Housing Estate in Makurdi
Lagos Promises Building Approvals Within 10 Working Days
Lagos Promises Building Approvals Within 10 Working Days
Nigeria to Build Africa’s First Underwater Tunnel Linking Lagos, Calabar, Sokoto, and Badagry Highways
Nigeria to Build Africa’s First Underwater Tunnel Linking Lagos, Calabar, Sokoto, and Badagry Highways
FESTAC Renewal Begins as FHA Launches Major Infrastructure Projects
FESTAC Renewal Begins as FHA Launches Major Infrastructure Projects
FG Reserves NNPCL Road Contracts Below ₦20 Billion for Local Firms
FG Reserves NNPCL Road Contracts Below ₦20 Billion for Local Firms
Lagos Evictions Displace Over 30,000 Residents, Drawing Rights Concerns
Lagos Evictions Displace Over 30,000 Residents, Drawing Rights Concerns
CBN Signals Possible Rate Cuts as Inflation Shows Signs of Easing
CBN Signals Possible Rate Cuts as Inflation Shows Signs of Easing
Survey Ranks Dangiwa Among Most Admired Ministers for Reform-Driven Leadership
Survey Ranks Dangiwa Among Most Admired Ministers for Reform-Driven Leadership
Wike Inaugurates Karu Road Project, Promises Completion in Ten Months
Wike Inaugurates Karu Road Project, Promises Completion in Ten Months
FCTA Revokes Riverpark Estate Lease Amid Land Dispute, Orders Repossession of Undeveloped Plots
FCTA Revokes Riverpark Estate Lease Amid Land Dispute, Orders Repossession of Undeveloped Plots
Diaspora Nigerians Drive Uptake of Government-Backed Mortgage Fund
Diaspora Nigerians Drive Uptake of Government-Backed Mortgage Fund
REDAN Commends EFCC on Recovery of 753 Properties in Abuja, Urges Reinvestment into Affordable Housing
REDAN Commends EFCC on Recovery of 753 Properties in Abuja, Urges Reinvestment into Affordable Housing
HDAN Urges Lawmakers to Curb Soaring Rent and Agency Fees in Abuja
HDAN Urges Lawmakers to Curb Soaring Rent and Agency Fees in Abuja
FCTA Demolishes Boulevard Park, Maitama, for Master Plan Violations
FCTA Demolishes Boulevard Park, Maitama, for Master Plan Violations
FG, Polaris Capital to Train 100,000 Construction Artisans under New National Skills Programme
FG, Polaris Capital to Train 100,000 Construction Artisans under New National Skills Programme
FCT High Court to Receive 50 Duplexes by June 2026, Says Wike
FCT High Court to Receive 50 Duplexes by June 2026, Says Wike
FEC Approves Review of PPP, EPC+F Models for Lagos’ Carter and Third Mainland Bridges
FEC Approves Review of PPP, EPC+F Models for Lagos’ Carter and Third Mainland Bridges
FIABCI Advocates Adoption of Global Standards to Address Building Collapse in Nigeria
FIABCI Advocates Adoption of Global Standards to Address Building Collapse in Nigeria
Federal Workers Face Hurdles Despite FG Housing Loan Expansion
Federal Workers Face Hurdles Despite FG Housing Loan Expansion

NATIONAL NEWS

Real Estate News in NIgeria
Mortgage Rates at 27% Push Homeownership Beyond Reach for Middle-Income Nigerians
Mortgage Rates at 27% Push Homeownership Beyond Reach for Middle-Income Nigerians

The Chief Executive Officer of the Mortgage Banking Association of Nigeria (MBAN), Adedeji Ajadi, has warned that Nigerians earning below ₦500,000 monthly are effectively priced out of homeownership as mortgage rates climb to between 18 and 27 percent.

LAGOS

Real Estate News in NIgeria
Lagos Airport Expansion Rekindles AIC–FAAN Land Dispute
Lagos Airport Expansion Rekindles AIC–FAAN Land Dispute

The Federal Airports Authority of Nigeria (FAAN) is facing renewed legal pressure from AIC Limited, the company founded by the late business magnate Harry Akande, over disputed land within the ongoing ₦712 billion expansion of Lagos’ Murtala Muhammed International Airport.

ABUJA

Real Estate News in NIgeria
NITP President Calls for Full Enforcement of Nigeria’s Urban and Regional Planning Law
NITP President Calls for Full Enforcement of Nigeria’s Urban and Regional Planning Law

The President of the Nigerian Institute of Town Planners (NITP), Dr. Chime Ogbonna, has urged the federal government to fully implement the Nigerian Urban and Regional Planning Law.

World News

All News