This week in Real Estate
NHM brings you the most important real estate stories of the week.
Latest News
NATIONAL NEWS
The Rivers State Government’s collaboration with Masta Services aligns with its broader strategy to expand housing infrastructure and stimulate local investment. By positioning the project close to the Port Harcourt International Airport, the state aims to foster a thriving residential and commercial ecosystem that supports tourism, logistics, and corporate relocation.
LAGOS
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.
ABUJA
Minister Nyesom Wike announces that by 2027, every FCT High Court judge will have official housing, marking a new phase in Nigeria’s judicial welfare and infrastructure reform.
World News
All News
Rivers State Government Partners With Masta Services to Develop 2,000-Unit PH-Airport City Housing Project
The Rivers State Government’s collaboration with Masta Services aligns with its broader strategy to expand housing infrastructure and stimulate local investment. By positioning the project close to the Port Harcourt International Airport, the state aims to foster a thriving residential and commercial ecosystem that supports tourism, logistics, and corporate relocation.
Dangiwa Criticizes States Over 30-Year Delay in Urban Planning Law Implementation
Nigeria’s Minister of Housing and Urban Development, Ahmed Musa Dangiwa, has criticized state governments for failing to adopt and enforce the Urban and Regional Planning Law (Decree 88 of 1992), more than three decades after its enactment.
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.
The House of Representatives Propose 20% Cap on Rent Increases Nationwide to Protect Tenants
The House of Representatives has proposed a nationwide cap limiting rent increases to no more than 20% of the current rate, in a bid to curb arbitrary hikes and strengthen tenant protection across Nigeria’s rental market.
FG Clarifies Scope of Uniform Housing Prices Under Renewed Hope Programme
The Federal Ministry of Housing and Urban Development has clarified that the recently announced uniform housing prices apply exclusively to estates developed through the Ministry’s budgetary allocations.
President Bola Tinubu Extends Surveyor-General’s Tenure to Strengthen Land and Geospatial Reforms
President Bola Tinubu has approved a two-year tenure extension for the Surveyor-General of the Federation, Abdulganiyu Adebomehin, effective January 5, 2026.
Lagos State Government Warns of Housing Allocation Revocation Over Estate Rule Violations
The Lagos State Government has reiterated its commitment to enforcing compliance within state-owned housing estates, warning that residents who breach estate regulations risk losing their home allocations.
Lagos State Government to Revoke Housing Allocations for Fraudsters, Drug Users, and Rule Violators
The Lagos State Government has announced that it will withdraw housing allocations from residents of government-owned estates who violate occupancy rules, lease properties to individuals involved in illicit activities, or fail to comply with estate management obligations.
Nigeria Attracts $8 Billion in New Energy Investments as Economic Reforms Bolster Confidence
Nigeria has secured over $8 billion in new energy investments, reflecting renewed investor confidence fuelled by ongoing economic reforms and improved security conditions, according to the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso.