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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President Bola Tinubu Extends Surveyor-General’s Tenure to Strengthen Land and Geospatial Reforms
President Bola Tinubu has approved a two-year tenure extension for the Surveyor-General of the Federation, Abdulganiyu Adebomehin, effective January 5, 2026.
Lagos State Government Warns of Housing Allocation Revocation Over Estate Rule Violations
The Lagos State Government has reiterated its commitment to enforcing compliance within state-owned housing estates, warning that residents who breach estate regulations risk losing their home allocations.
Lagos State Government to Revoke Housing Allocations for Fraudsters, Drug Users, and Rule Violators
The Lagos State Government has announced that it will withdraw housing allocations from residents of government-owned estates who violate occupancy rules, lease properties to individuals involved in illicit activities, or fail to comply with estate management obligations.
Nigeria Attracts $8 Billion in New Energy Investments as Economic Reforms Bolster Confidence
Nigeria has secured over $8 billion in new energy investments, reflecting renewed investor confidence fuelled by ongoing economic reforms and improved security conditions, according to the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso.
Enugu State Governor Cuts C of O and Land Documentation Fees by 50% to Boost Property Ownership
Governor Peter Mbah of Enugu State has approved a 50% reduction in the cost of obtaining Certificates of Occupancy (C of O) and other land-related documents.
Housing Ministry Launches Skills Audit After Retiring 1,600 Staff in 18 Months
Housing Ministry Launches Skills Audit After Retiring 1,600 Staff in 18 Months
Lagos State Government Reaffirms Commitment to Fair Compensation for Owners of Demolished Properties
The Lagos State Government has announced that property owners whose buildings are demolished for being located on the right of way will receive compensation provided the structures were built with valid planning permits.
Cross River State House of Assembly Moves to Regulate Rent, Tackle Exploitative Housing Practices
Cross River lawmakers move to regulate rent and curb exploitative housing practices as residents face surging accommodation costs in Calabar.
NIESV Advocates Reforms to Strengthen Ethics and Restore Trust in Nigeria’s Real Estate Sector
Real estate professionals have called for comprehensive reforms to rebuild public confidence, enhance ethical standards, and align Nigeria’s property market with international best practices.
Lagos Secures 4,000 Hectares for Ibeju-Lekki Airport as NCAA Reaffirms Support
The Lagos State Government has secured 4,000 hectares for the Ibeju-Lekki Airport project. The Nigeria Civil Aviation Authority (NCAA) has reaffirmed support, urging compliance with regulatory and safety standards before construction begins.