Nigeria’s 2026 Budget Framework shows plans to borrow ₦17.89tn, a 72% increase from 2025, as revenue falls and the fiscal deficit rises. Analysts warn of debt sustainability risks, crowding out of private investment, and rising debt-service pressures.

Residents of Isoko Community, Eti-Osa, Lagos, allege unlawful demolition of homes and businesses. They call for presidential investigation, restitution, and protection of property rights amid claims of government-linked involvement.

The naira weakened to N1,485 per dollar in Nigeria’s parallel market, widening the gap with the official rate of N1,454. Analysts warn of rising demand pressures and FX supply constraints, with implications for inflation, imports, and economic stability.

The Financial Reporting Council of Nigeria (FRC) urges newly inducted estate surveyors and valuers to maintain the highest standards of ethics, integrity, and professional competence, highlighting the critical role of accurate valuation in national economic growth and investor confidence.

Under Tinubu, Nigeria records GDP growth, $45B foreign reserves, infrastructure expansion, and improved investment climate in 2025.

Nigeria’s housing market faces rising costs and instability as a new report reveals a 70% dependence on imported building materials. Experts call for local production reforms.