Real Estate News Daily
NHM brings you the most important real estate stories of the week.
Latest News
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
All News
Lagos State Government Demolition Sparks Controversy Despite Court Injunction Protecting Oworonshoki Residents
Tension has risen in Oworonshoki, Lagos, following the demolition of more than 70 houses at Ajileru, Ososa Extension, and Toluwalase Streets an action that occurred despite an active court injunction restraining the state government from proceeding with demolitions in the area.
Lagos State Government Issues Two-Week Ultimatum to Regularize Unapproved Structures at Trade Fair Complex
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.