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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.
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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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FCTA Begins Enforcement Against 1,095 Property Owners for Ground Rent Defaults
The Federal Capital Territory Administration has started enforcement against 1,095 property owners in Abuja for failing to pay ground rent and other land charges, with possible penalties including repossession and sealing of properties.
Nigeria Secures 500 Million Dollar Boost for Power Sector and Fiscal Reforms
Nigeria has secured a 500 million dollar loan from the African Development Bank to strengthen economic governance, reform the power sector, and support the country’s energy transition goals. The funding will back fiscal reforms, electricity upgrades, and new climate commitments for 2026 to 2030.
World Bank Warns Nigeria’s Persistent Inflation Threatens Poverty Reduction and Economic Recovery
The World Bank warns that Nigeria’s persistent inflation, especially food prices, threatens household incomes and economic recovery. Experts urge coordinated fiscal and monetary policies, structural reforms, and targeted social programs to protect vulnerable citizens and promote sustainable growth.
Uyo Airport Granted Full International Status, Eyes Global Operations by Q1 2026
The Federal Government upgrades Uyo Airport to full international status, enabling global flights. Key facilities, including MRO services and a 3km runway, position the airport to boost trade, tourism, and connectivity in Akwa Ibom State.
FCT Minister Reassigns Apo–Karshi Road Project to Accelerate Completion
FCT Minister Nyesom Wike has reassigned the delayed Apo–Karshi road project to SCC Contractors under emergency procurement, prioritising timely completion and urban traffic decongestion. Read more on Abuja’s infrastructure updates.
President Trump Reasserts Hardline Immigration Agenda, Vows Permanent Halt on Migration from Developing Countries
Former U.S. President Donald Trump has renewed his pledge to suspend migration from developing countries, criticising Biden-era policies and highlighting immigration as a key election issue. Here’s an analytical breakdown of his statement and its implications.
Femi Falana Backs Federal Government’s Land4Growth Programme, Calls It a Catalyst for National Economic Transformation
Femi Falana, SAN, has backed the Federal Government’s Land4Growth programme, describing it as a transformative reform to unlock land value, expand property rights, and boost national economic growth. He urges inclusive implementation and stronger land governance.
Dangiwa Urges States to Dedicate 1–3% of Annual Budgets to Land Titling to Unlock Trillion-Dollar Growth
Nigeria’s Housing Minister Ahmed Dangiwa has called on states to dedicate 1–3% of their annual budgets to land administration and systematic titling, stating that credible land governance is critical to unlocking $300B in dead capital and advancing Nigeria toward a $1T economy.
Bayelsa Government Threatens Withdrawal from National Housing Scheme Over 'Missing' Billions in Civil Servant Contributions
Bayelsa Govt warns it will withdraw civil servants from the National Housing Scheme after 15 years of contributions yielded zero houses. Billions remain unutilized as Deputy Governor Ewhrudjakpo demands an audit.
Why Nigerian Banks Now Treat Land and Buildings as Risky Collateral
Nigerian banks are increasingly treating land and property as high-risk collateral due to title disputes, regulatory enforcement, and valuation challenges. Learn how this impacts lending, housing finance, and real estate investment.