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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Umahi Warns Edo Road Contractors of Contract Termination Over Delays
The Minister of Works, David Umahi, has cautioned contractors handling federal road projects in Edo State that any firm failing to meet agreed timelines will face contract termination.
Lagos Reopens Ogudu-Ifako Bridge After Early Completion of Repairs
The Lagos State Government has reopened the Ogudu-Ifako Bridge to full traffic after completing repairs on its expansion joints ahead of schedule. The bridge, which had been partially closed for several months, is a critical link along one of the state’s busiest transport corridors.
Lagos Government Denies Ethnic Bias in Trade Fair Demolition, Cites Planning Law Violations
The Lagos State Government has refuted allegations of ethnic discrimination in the recent demolition exercise at the Trade Fair Complex in Ojo, stating that the operation was driven solely by urban planning and regulatory concerns.
Housing Ministry Enforces Discipline on Contractors Handling Federal Projects
The Federal Ministry of Housing and Urban Development has issued a firm directive to contractors engaged in federal housing projects nationwide: deliver within agreed timelines or face sanctions, including blacklisting, termination of contracts, recovery of funds, and potential prosecution.
Over ₦70 Billion Mobilized to Boost Urban Housing Development in Nigeria
Nigeria’s housing ministry confirms over ₦70bn private capital mobilized under PPPs to boost urban housing development. Minister Dangiwa highlights Renewed Hope Housing reforms, affordability initiatives, and new financing models.
10,000 Affordable Homes Planned for Federal Workers Under Abuja Cooperative City Project
The Abuja Cooperative City Project will deliver 10,000 housing units for federal workers in Abuja under the Renewed Hope Agenda, backed by FMBN and the Federal Ministry of Housing and Urban Development.
HDAN Urges Tinubu to Deepen Housing Reforms as Nigeria Marks 65th Independence Anniversary
HDAN congratulates President Tinubu at Nigeria’s 65th Independence, calls for reforms to tackle inflation, land access, and affordable housing delivery.
LASRERA Launches Realtors Connect to Tackle Fraud and Strengthen Credibility in Lagos Real Estate
Special Adviser to the Lagos State Governor on Housing, Barakat Odunuga-Bakare, stressed that only duly registered practitioners will be permitted to operate under LASRERA’s framework.
Nigeria’s Housing Minister Stresses Youth Empowerment as Crucial to Closing the Housing Deficit
The Minister of State for Housing and Urban Development, Abdullahi Yusuf Atah, has stressed the importance of integrating young Nigerians into the country’s housing market.
FG Spends ₦15 Billion on Waste Excavation and Design Changes for Lagos Coastal Highway
The Federal Government has confirmed that it spent ₦15 billion addressing waste excavation and road design modifications on the Lagos section of the Lagos–Calabar Coastal Highway.