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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PCC Halts Demolition at Gwarinpa Estate Pending Verification of Legal Orders
The Public Complaints Commission has suspended a demolition exercise at Winning Clause Estate, Gwarinpa, after residents reported violations of due process. The PCC’s intervention followed concerns over lack of notice, documentation, and compensation for the indigenous Kuchi Bedna community.
Governor Sanwo-Olu to Commission 233 New Housing Units at Abraham Adesanya Estate, Ajah
Lagos State Governor Babajide Sanwo-Olu will commission 233 new housing units at Abraham Adesanya Estate, Ajah, delivered through a joint venture with Urban Shelter Ltd. The project strengthens Lagos’ housing supply and supports the state’s broader urban development strategy.
PH Airport City Set to Transform High-End Housing and Economic Growth in Rivers State
PH Airport City, a luxury self-sustaining mini-city near Port Harcourt International Airport, will deliver 2,000 smart homes with integrated infrastructure, flexible mortgage options, and a strategic plan to boost investment and reverse urban flight in Rivers State.
Abuja’s Rapid Construction Push Intensifies Concerns Over Vanishing Green Zones
Rapid residential and commercial development is encroaching on Abuja’s designated green areas, raising environmental, legal and urban planning concerns. Experts warn that continued loss of green infrastructure could heighten flooding risk and undermine the city’s long-term sustainability.
Federal Government Launches ₦250 Billion Housing Fund to Accelerate Delivery Under Renewed Hope Agenda
The Federal Government launches a ₦250bn housing intervention fund to accelerate affordable housing delivery, expand local building material production, and strengthen economic growth under the Renewed Hope Agenda.
Enugu Governor Pledges 15,000 New Housing Units for Civil Servants by 2026
Governor Peter Mbah announces a plan to deliver 15,000 housing units for civil servants and middle-income earners by 2026, alongside smart city, industrial, and educational developments in Enugu State.
South-East States Launch Landmark Initiative to Deliver 100,000 Affordable Homes
Igboebinie and Hand of God Construction partner with South-East states to deliver 100,000 affordable housing units, integrating smart-city infrastructure, job creation, and innovative construction models.
President Bola Ahmed Tinubu Defends Wike Amid Public Criticism, Says FCT Minister’s Actions Are “Lawful and Necessary”
President Bola Ahmed Tinubu defends FCT Minister Nyesom Wike amid public criticism, asserting his enforcement of land and development regulations in Abuja is lawful, necessary, and aligned with the administration’s reform agenda.
Nigeria’s Inflation Slows to 16.05% in October as Food Prices Ease and FX Conditions Improve
Nigeria’s inflation slowed to 16.05% in October 2025, driven by easing food prices and improved FX stability, according to new data from the NBS.
Abuja’s Green Spaces Under Threat as Housing Developments Expand
Rapid conversion of green areas into housing in Abuja raises environmental, legal, and urban planning concerns, threatening sustainable city development.