This week in Real Estate
NHM brings you the most important real estate stories of the week.
Latest News
NATIONAL NEWS
Property owners within WINHOMES Estate in Lagos have petitioned President Bola Ahmed Tinubu, raising concerns over the demolition of parts of the estate affected by the Lagos–Calabar Coastal Highway project.
LAGOS
The Lagos State Government has issued a two-week ultimatum to developers and occupants of unapproved structures within the Trade Fair Complex, Ojo, directing them to regularise their buildings with the Ministry of Physical Planning and Urban Development.
ABUJA
The Federal Capital Territory (FCT) High Court sitting in Jikwoyi-Kurudu will on Monday, October 6, hear a judicial review application challenging the report and recommendations of the Ministerial Committee established by the Minister of the Federal Capital Territory, Nyesom Wike, in connection with the long-running River Park Estate dispute in Lugbe, Abuja.
World News
All News
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.