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NATIONAL NEWS
The Central Bank of Nigeria has revised its Standing Facility corridor, lowering SLF and SDF rates to boost interbank liquidity and encourage private sector lending while maintaining the MPR at 27%. Analysts say the move enhances monetary policy transmission and supports real-sector credit.
LAGOS
Governor Babajide Sanwo-Olu has presented a ₦4.237 trillion “Budget of Shared Prosperity” for 2026, outlining major allocations for infrastructure, economic affairs, health, education, and social welfare, with revenue projections of ₦3.993 trillion and a ₦243 billion deficit.
ABUJA
Indigenous residents in the FCT call on Minister Nyesom Wike for fair compensation following the demolition of homes in Kuchibedna, citing displacement and threats to cultural heritage.
World News
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CBN Rate Cut Signals Relief for Economy, Real Estate Sector Eyes Opportunity
The Central Bank of Nigeria (CBN) has cut its benchmark interest rate by 50 basis points to 27%, marking its first rate cut of 2025. The move aims to ease inflation, stimulate growth, and unlock opportunities for Nigeria’s housing and real estate sector, from more affordable mortgages to improved financing for developers.
HDAN Warns MOFI Against Fake Housing Facilitators
Nigeria’s housing sector is undergoing significant shifts as government initiatives, financial sector interest, and advocacy group interventions converge to shape the future of affordable housing delivery.