Real Estate News Daily
NHM brings you the most important real estate stories of the week.
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NATIONAL NEWS
Nigeria’s Federal Executive Council has approved a ₦58.47 trillion 2026 budget, alongside a revised MTEF exchange rate of ₦1,400/$1, signalling a shift toward non-oil revenue and fiscal consolidation.
LAGOS
ABUJA
The FCT Administration unveils housing initiatives for judicial officers, enhancing accommodation, court infrastructure, and judicial efficiency in Abuja.
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FCTA Demolishes Boulevard Park, Maitama, for Master Plan Violations
The Federal Capital Territory Administration (FCTA) has demolished Boulevard Park in Maitama, Abuja, citing violations of park policy and breaches of the Abuja Master Plan.
FG, Polaris Capital to Train 100,000 Construction Artisans under New National Skills Programme
The Federal Government has signed a strategic partnership with Polaris Capital Limited to train, certify, and place 100,000 construction artisans in jobs nationwide
FCT High Court to Receive 50 Duplexes by June 2026, Says Wike
The Federal Capital Territory (FCT) Minister, Nyesom Wike, has announced that 50 duplexes will be delivered to the FCT High Court by June 2026,
FEC Approves Review of PPP, EPC+F Models for Lagos’ Carter and Third Mainland Bridges
The Federal Executive Council (FEC) has approved the Ministry of Works’ proposal to adopt Public-Private Partnership (PPP) and Engineering, Procurement.
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.
Federal Workers Face Hurdles Despite FG Housing Loan Expansion
A significant number of federal civil servants remain unable to benefit from the Federal Government’s housing loan scheme.
FG Moves to Develop Building Materials Hub on 200 Hectares in Lekki Free Trade Zone
The Federal Government has acquired 200 hectares of land within the Lekki Free Trade Zone to establish a dedicated Building Materials Hub, aiming to reduce construction costs.
FG Reconstitutes National Building Code Advisory Committee, Names 21-Member Panel
The Federal Government has reconstituted and inaugurated the National Building Code Advisory Committee (NBCAC) to strengthen building-standards enforcement and curb structural failures nationwide.
FCTA Demolishes Over 1,000 Illegal Shanties Along Karsana Road Corridor in Abuja
The Federal Capital Territory Administration (FCTA) has commenced the demolition of more than 1,000 illegal shanties along the Karsana road corridor in Abuja.
Renewed Hope Agenda: Housing Incentives for Civil Servants Under Scrutiny
The call for civil servants to receive at least a 50 percent housing incentive has gained momentum as stakeholders question whether the Federal Government’s Renewed Hope Agenda.