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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Enugu Governor Pledges 15,000 New Housing Units for Civil Servants by 2026
Governor Peter Mbah announces a plan to deliver 15,000 housing units for civil servants and middle-income earners by 2026, alongside smart city, industrial, and educational developments in Enugu State.
South-East States Launch Landmark Initiative to Deliver 100,000 Affordable Homes
Igboebinie and Hand of God Construction partner with South-East states to deliver 100,000 affordable housing units, integrating smart-city infrastructure, job creation, and innovative construction models.
Nigeria’s Inflation Slows to 16.05% in October as Food Prices Ease and FX Conditions Improve
Nigeria’s inflation slowed to 16.05% in October 2025, driven by easing food prices and improved FX stability, according to new data from the NBS.
Ogun State Executive Council Approves 35 New Duplexes to Address Growing Housing Demand
The Ogun State Executive Council, under Governor Dapo Abiodun, has approved the construction of 35 new duplex housing units across Abeokuta to meet the state’s expanding residential needs and support urban development initiatives.
ESVARBON Highlights Smart Land Management as Key to Reducing Urban Insecurity in Nigeria
The Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) has identified technology-driven land management as a critical tool for reducing insecurity and promoting safer, more liveable urban environments across the country.
The Nigerian Institute of Building Calls on Young Builders to Prioritise Skills Development and Mentorship
The Nigerian Institute of Building (NIOB) has urged recent graduates, students, and early-career professionals in the construction sector to embrace continuous skill development and mentorship to strengthen their professional foundation.
Nigeria to Roll Out Interest Free Mortgages Under New FMBN–SEC Partnership
The Securities and Exchange Commission (SEC) and the Federal Mortgage Bank of Nigeria (FMBN) have unveiled a major joint initiative to develop a nationwide Non-Interest Mortgage (NIM) framework. The effort is aimed at reducing Nigeria’s estimated housing deficit of 28 million units.
Nigerian Institute of Quantity Surveyors Calls for National Policy to Curb Rising Urban Rent Costs
The Nigerian Institute of Quantity Surveyors urges the Federal Government and National Assembly to introduce policies to curb soaring rent costs in major urban centres.
African Development Bank Confirms ₦1.45bn Compensation to Ekiti Knowledge Zone Residents
AfDB has verified ₦1.45bn compensation to 195 residents affected by the Ekiti Knowledge Zone project, ensuring transparency ahead of the infrastructure development phase.
House of Representatives to Investigate ₦20 Trillion Worth of Abandoned Federal Properties Nationwide
The House of Representatives has initiated a comprehensive investigation into more than 11,800 abandoned federal government properties across Nigeria, estimated to be worth over ₦20 trillion.