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.
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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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House of Representatives Tajudeen Abbas Denies Involvement in N18.6bn NASC Headquarters Project
Speaker Tajudeen Abbas has denied any involvement in the N18.6 billion NASC headquarters project in Abuja, clarifying that administrative bodies manage procurement and execution. SERAP’s allegations were described as misleading.
Rivers State Lawmakers Criticise Fubara Administration Over Public infrastructure Amid N600bn State Funds
Rivers State lawmakers have condemned Governor Siminalayi Fubara’s administration for neglecting public school infrastructure, despite N600bn left by the previous Sole Administrator, highlighting urgent need for reform and investment.
New Urban Communities in Nigeria Set to Reduce Housing Deficit and Stimulate Economic Growth
Governments in Nigeria’s major cities, particularly Lagos, are accelerating the development of planned urban communities to alleviate housing shortages, reduce city-centre congestion, and catalyse economic growth.
FHA Launches Renewed Hope Housing Estate in Kaduna to Expand Affordable Housing Access
The Federal Housing Authority has commenced the Renewed Hope Housing Estate in Kaduna, advancing national efforts to expand affordable, safe, and inclusive housing.
FCTA Names Major Corporates and Government Agencies Among Abuja Land-Charge Defaulters
The FCTA has named top corporations, banks, and government agencies including CBN, First Bank, NPA, and BUA among 1,095 property titleholders facing enforcement over unpaid ground rent and land-use charges in Abuja’s premium districts.
CBN Signals Possible Rate Cuts in 2026 as Disinflation Gains Momentum
Nigeria’s Central Bank governor Olayemi Cardoso says interest-rate cuts may begin in 2026 as inflation cools and foreign-exchange reserves reach their highest levels in seven years. The CBN outlines its priorities for banking stability, payment-system modernisation, fintech regulation, and strengthened fiscal-monetary coordination.
Stakeholders Renew Calls for Land Use Act Reform to Unlock Nigeria’s Urban and Economic Potential
Stakeholders call for comprehensive Land Use Act reform, digital titling, and integrated urban planning to unlock economic growth, improve tenure security, and drive sustainable housing development in Nigeria.