The Lagos State government is targeting 40,000 building planning permits annually to curb unregulated development, streamline approvals, and protect property investments.

Housing experts call for accountability in Nigeria’s demolition crisis, urging punishment for complicit government officials and reforms to end systemic corruption in the housing approval process.

The Ladoke Akintola Airport in Ibadan has reopened after six months of upgrades, welcoming its first flight ahead of President Bola Tinubu’s visit for the Olubadan coronation. The modernization is expected to boost regional air travel and support Oyo State’s economic growth.

The Central Bank of Nigeria (CBN) has cut its benchmark interest rate by 50 basis points to 27%, marking its first rate cut of 2025. The move aims to ease inflation, stimulate growth, and unlock opportunities for Nigeria’s housing and real estate sector, from more affordable mortgages to improved financing for developers.

The River Park Estate issue highlights recurring challenges in Abuja’s land administration, including expired lease agreements, irregular development approvals, and disputes between government and private developers. For investors and policymakers, the case underscores the importance of due diligence, compliance with regulatory processes, and the need for ongoing reforms in land governance to reduce uncertainty in Nigeria’s capital city real estate market.

Nigeria’s GDP grew 4.23% in Q2 2025, up from 3.48% last year, with real estate and non-oil sectors driving growth as CBN projects 4.17% for 2025.

The Federal Airports Authority of Nigeria (FAAN) is facing renewed legal pressure from AIC Limited, the company founded by the late business magnate Harry Akande, over disputed land within the ongoing ₦712 billion expansion of Lagos’ Murtala Muhammed International Airport.

The Chief Executive Officer of the Mortgage Banking Association of Nigeria (MBAN), Adedeji Ajadi, has warned that Nigerians earning below ₦500,000 monthly are effectively priced out of homeownership as mortgage rates climb to between 18 and 27 percent.

The Federal Government has cautioned the contractor handling the ₦56 billion reconstruction of a 53-kilometre section of the Abuja–Lokoja highway, warning that the contract may be revoked if progress is not significantly improved by November.

Property owners across several Nigerian cities are voicing alarm over widespread demolitions that have displaced residents, shuttered businesses, and raised legal and policy questions about land governance in the country.