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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WINHOMES Estate Investors Petition President Tinubu over Demolition Linked to Lagos–Calabar Coastal Highway
Property owners within WINHOMES Estate in Lagos have petitioned President Bola Ahmed Tinubu, raising concerns over the demolition of parts of the estate affected by the Lagos–Calabar Coastal Highway project.
Lagos State Government Launches Online Platform for Diaspora Property Owners to Resolve Land Use Charge Disputes
The Lagos State Government has introduced an online platform enabling property owners in the Diaspora to resolve Land Use Charge (LUC) complaints remotely between 8 and 28 October 2025. The initiative, implemented through the Land Use Charge Assessment Appeal Tribunal (LUCAAT), is designed to simplify dispute resolution and improve accessibility for Nigerians abroad.
Lagos Issues Traffic Advisory as Six-Week Repair Begins on Adeniji Adele–CMS Corridor
The Lagos State Government has announced a six-week repair of the Adeniji Adele Interchange–CMS corridor, scheduled to commence on Sunday, 12 October 2025.
World Habitat Day: AHCN Calls for Federal-State Coordination to Tackle Nigeria’s Housing Deficit
As the world commemorates World Habitat Day 2025, the Association of Housing Corporations of Nigeria (AHCN) has urged the Federal Government and state authorities to strengthen policy coordination and institutional collaboration to address the nation’s growing housing crisis.
FCT Police Launch Crackdown on Abandoned Buildings to Curb Criminal Activity
The Federal Capital Territory (FCT) Police Command has initiated a citywide operation targeting uncompleted and abandoned buildings across Abuja as part of efforts to reduce incidents of robbery, abduction, and other criminal activities.
Lagos Begins Verification Exercise for Oworonshoki Demolition Victims Ahead of Compensation
The Lagos State Building Control Agency (LASBCA) has commenced a verification exercise for residents affected by the recent demolition in Oworonshoki, aimed at identifying legitimate victims and determining eligibility for government compensation.
HDAN Urges FCT Minister to Halt Allocation of Abuja’s Green Areas, Warns of Environmental Consequences
The Housing Development Advocacy Network (HDAN) has called on the Minister of the Federal Capital Territory (FCT), Nyesom Wike, to immediately suspend the allocation and conversion of Abuja’s designated green areas, warning that continued encroachment threatens the city’s environmental sustainability, livability, and long-term urban planning objectives.
Federal Housing Ministry, KTNN, and HDAN Strengthen Collaboration Ahead of Nationwide Home Ownership Campaign
The Federal Ministry of Housing and Urban Development, in partnership with the Know The Nigerian Network (KTNN), has reaffirmed its commitment to strengthening stakeholder collaboration in the housing sector through a strategic engagement with the Housing Development Advocacy Network (HDAN).
Lagos Government Intensifies Flood Control Efforts with Demolition of Illegal Structures in Ebute Metta
The Lagos State Government has begun the removal of illegal structures obstructing the Jebba/Kano collector in Ebute Metta, as part of ongoing measures to strengthen the city’s drainage infrastructure and mitigate recurring flooding.
Family Homes Funds, TETFund, and Investors Advance Renewed Hope Student Housing Programme
The Federal Government, through Family Homes Funds Limited (FHFL), the Tertiary Education Trust Fund (TETFund), and private investors, is driving the Renewed Hope Student Housing Programme.