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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Court Issues Contempt Warning to EFCC Chairman Over Order to Release 27 Seized Properties
A Federal High Court in Abuja has issued a formal contempt warning to the EFCC Chairman for failing to release documents for 27 properties previously seized under an interim forfeiture order. The ruling, delivered on 31 October 2025, affirmed the owners’ claims and directed immediate compliance.
Eko Atlantic Tops Lagos Luxury Residential Market with 59.5% Growth, Driven by Scarcity and Premium Amenities
Eko Atlantic tops Lagos’ luxury residential market, achieving 59.5% growth over five years. Learn how scarcity, master-planned infrastructure, and investment incentives drive demand in ultra-prime districts like Ikoyi, Banana Island, and Victoria Island.
Naira Gains in Parallel Market as Exchange Rate Gap Narrows Amid Improved Liquidity
The naira gained in Nigeria’s parallel market, reaching ₦1,470 per US dollar, while official rates saw slight depreciation. Improved liquidity narrows the FX rate gap, enhancing market stability and investor confidence.
Nigeria Advances Urban Development with Planned New Towns to Address Housing Deficit and Drive Economic Growth
Nigeria is advancing urban development with planned communities like Gracefield Island, Orange Island, and Periwinkle Estate. Strategic planning aims to reduce the 28 million housing deficit, create jobs, and stimulate sustainable economic growth across major cities, particularly Lagos.
Enugu Unveils Record ₦1.62 Trillion 2026 Budget to Accelerate Statewide Transformation
Governor Peter Mbah presents a record N1.62 trillion 2026 budget for Enugu State, prioritising infrastructure, education, agriculture, and economic growth. Learn about sectoral allocations, development plans, and fiscal strategy.
Lagos Temporarily Suspends Admiralty Way–Ajah Rehabilitation to Ease Yuletide Traffic Pressures
The Lagos State Government is halting rehabilitation works on the Admiralty Way–Ajah Jubilee Bridge section from December four to reduce yuletide traffic congestion. Construction resumes mid-January 2026 with enhanced traffic management plans.
Kaduna Unveils ₦985.9 Billion 2026 Budget Focused on Security, Infrastructure and Human Capital Growth
Kaduna unveils a ₦985.9 billion 2026 budget centred on security improvements, infrastructure expansion, education, agriculture, and grassroots development. The proposal emphasises community participation, capital investment, and continuity of key reforms across the state.
Dangiwa Wins Transformational Africa Housing Minister of the Year Award for Second Consecutive Term
Nigeria’s Housing Minister, Arc. Ahmed Dangiwa, receives the 2025 Transformational Africa Housing Minister Award for his leadership in affordable housing and urban reform.
Industry Experts Call for Reform as Nigeria Faces Housing Challenges Amid Surging Rents and Unregulated Development
Nigeria’s Housing Sector Faces Challenges: Experts Call for Regulation, Affordable Homes, and Infrastructure Investment