Real Estate News Daily
NHM brings you the most important real estate stories of the week.
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NATIONAL NEWS
Nigeria’s Detty December tourism economy is under pressure from rising costs, weak coordination, and uneven service delivery, raising concerns about long-term sustainability and competitiveness.
LAGOS
The Lagos Tenancy and Recovery of Premises Bill 2025 introduces court-mandated eviction processes, penalises landlord harassment, and enhances tenant protections, marking a major reform in Lagos’s rental housing market.
ABUJA
The FCT Administration unveils housing initiatives for judicial officers, enhancing accommodation, court infrastructure, and judicial efficiency in Abuja.
World News
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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.
Experts Urge Policy Alignment and Foreign Investment to Accelerate Nigeria’s Real Estate Growth
At the recent Real Estate Stakeholders Conference in Lagos, Timothy Nubi, professor and director at the Centre for Housing and Sustainable Development, University of Lagos, highlighted the urgent need for coordinated policies.
Lagos State Government Suspends All Land Reclamation Projects Over Environmental Concerns
The Lagos State Government has ordered the immediate suspension of all ongoing and planned land reclamation projects, citing the environmental and social risks posed by unregulated developments across the state.
NITP President Urges Dialogue on Demolition of 170 Estates Along Lagos Coastal Highway
The President of the Nigerian Institute of Town Planners (NITP), Dr. Chime Ogbonna, has called on the federal and Lagos State governments to pursue dialogue and collaboration in addressing the proposed demolition of 170 estates along the Lagos-Calabar Coastal Highway corridor.
Lagos Halves Minimum Land Requirement for Estate Development
The Lagos State Government has reduced the minimum land size requirement for estate development from 10,000 square metres to 5,000 square metres, a move aimed at easing housing delivery.
Lagos State Government to Begin Night Repairs on Ozumba Mbadiwe Road
The Lagos State Government will commence night-time repair works on Ozumba Mbadiwe Road from Monday, 15 September to Sunday, 21 September 2025.
Lagos Promises Building Approvals Within 10 Working Days
Lagos State has pledged to issue planning permits within 10 working days once applicants meet all requirements, in a move aimed at improving efficiency and restoring investor confidence in the state’s real estate sector.
FESTAC Renewal Begins as FHA Launches Major Infrastructure Projects
The Federal Housing Authority (FHA) has commenced large-scale rehabilitation works in FESTAC Town, signalling the beginning of a long-anticipated regeneration programme aimed at restoring one of Lagos’s most iconic housing estates.
Lagos Evictions Displace Over 30,000 Residents, Drawing Rights Concerns
More than 30,000 residents of Oworoshoki in Lagos have been displaced following large-scale demolitions by state authorities
FIABCI Advocates Adoption of Global Standards to Address Building Collapse in Nigeria
The International Real Estate Federation (FIABCI) has urged Nigeria to adopt proven international construction models and regulatory framework.