Real Estate News Daily
NHM brings you the most important real estate stories of the week.
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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.
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ABUJA
The FCT Administration unveils housing initiatives for judicial officers, enhancing accommodation, court infrastructure, and judicial efficiency in Abuja.
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Ogun State Executive Council Approves 35 New Duplexes to Address Growing Housing Demand
The Ogun State Executive Council, under Governor Dapo Abiodun, has approved the construction of 35 new duplex housing units across Abeokuta to meet the state’s expanding residential needs and support urban development initiatives.
ESVARBON Highlights Smart Land Management as Key to Reducing Urban Insecurity in Nigeria
The Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) has identified technology-driven land management as a critical tool for reducing insecurity and promoting safer, more liveable urban environments across the country.
The Nigerian Institute of Building Calls on Young Builders to Prioritise Skills Development and Mentorship
The Nigerian Institute of Building (NIOB) has urged recent graduates, students, and early-career professionals in the construction sector to embrace continuous skill development and mentorship to strengthen their professional foundation.
Nigeria to Roll Out Interest Free Mortgages Under New FMBN–SEC Partnership
The Securities and Exchange Commission (SEC) and the Federal Mortgage Bank of Nigeria (FMBN) have unveiled a major joint initiative to develop a nationwide Non-Interest Mortgage (NIM) framework. The effort is aimed at reducing Nigeria’s estimated housing deficit of 28 million units.
Nigerian Institute of Quantity Surveyors Calls for National Policy to Curb Rising Urban Rent Costs
The Nigerian Institute of Quantity Surveyors urges the Federal Government and National Assembly to introduce policies to curb soaring rent costs in major urban centres.
African Development Bank Confirms ₦1.45bn Compensation to Ekiti Knowledge Zone Residents
AfDB has verified ₦1.45bn compensation to 195 residents affected by the Ekiti Knowledge Zone project, ensuring transparency ahead of the infrastructure development phase.
House of Representatives to Investigate ₦20 Trillion Worth of Abandoned Federal Properties Nationwide
The House of Representatives has initiated a comprehensive investigation into more than 11,800 abandoned federal government properties across Nigeria, estimated to be worth over ₦20 trillion.
Enugu State Government Launches Digital Survey System to Strengthen Land Governance and Curb Fraud
Enugu State introduces a digital survey system to curb land grabbing, improve transparency, and attract investment in land administration.
Lagos Housing Ministry Partners with Local Government Staff Board to Boost Home Ownership
Lagos State partners with the Local Government Staff Housing Board to expand affordable housing and strengthen welfare for public sector workers.
The Federal Government of Nigeria Opens ₦1 Trillion Housing Investment Fund to Retail Investors
The Federal Government of Nigeria has expanded access to its ₦1 trillion Ministry of Finance Real Estate Investment Fund (MREIF), enabling retail investors to participate alongside institutional players in one of the country’s most ambitious housing initiatives to date.