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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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.
FG Reserves NNPCL Road Contracts Below ₦20 Billion for Local Firms
The Federal Government has directed that all Nigerian National Petroleum Company Limited (NNPCL) Tax Credit road projects valued below ₦20 billion be awarded exclusively to indigenous contractors,
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
CBN Signals Possible Rate Cuts as Inflation Shows Signs of Easing
The Central Bank of Nigeria (CBN) has indicated that lower interest rates may be on the horizon as inflationary pressures begin to moderate, raising prospects for cheaper credit and renewed private sector investment.
Survey Ranks Dangiwa Among Most Admired Ministers for Reform-Driven Leadership
A recent survey of lawmakers and housing sector stakeholders has ranked the Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa.
Wike Inaugurates Karu Road Project, Promises Completion in Ten Months
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has officially inaugurated the 5.4-kilometre Karu dual carriageway
FCTA Revokes Riverpark Estate Lease Amid Land Dispute, Orders Repossession of Undeveloped Plots
The Federal Capital Territory Administration (FCTA) has revoked the lease agreement of the controversial Riverpark Estate in Abuja, ordering the repossession of all undeveloped plots.
Diaspora Nigerians Drive Uptake of Government-Backed Mortgage Fund
A government-supported mortgage initiative is recording strong interest from Nigerians abroad seeking long-term participation in the country’s property market. The Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund (MREIF).
REDAN Commends EFCC on Recovery of 753 Properties in Abuja, Urges Reinvestment into Affordable Housing
The Real Estate Developers Association of Nigeria (REDAN) has welcomed the Economic and Financial Crimes Commission’s (EFCC) recovery of 753 duplexes and other properties in the Lokogoma District of Abuja.
HDAN Urges Lawmakers to Curb Soaring Rent and Agency Fees in Abuja
The Housing Development Advocacy Network (HDAN) has called on the National Assembly to introduce urgent legislation to address the rising cost of rent and agency fees in the Federal Capital Territory (FCT).