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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AG Mortgage Bank Targets One Million Mortgages by 2030
Detty December Costs Push Visitors Back to Hotels in Lagos
Lagos Development Experts Urge Inclusive Urban Renewal to Protect Vulnerable Communities
Experts urge Lagos State to adopt inclusive, socially responsible urban regeneration policies that protect vulnerable communities and support equitable economic growth.
Lagos Tenancy Bill 2025 Seeks to Restructure Rental Market, Strengthen Tenant Protections and Agency Practice
The Lagos Tenancy Bill 2025 proposes major rental market reforms, stronger tenant protections, clearer rules for landlords, and stricter regulation of real estate agents.
Lagos Government Issues Final Compliance Deadline for Unapproved Estate Developments, Warns of Demolition and Penalties
The Lagos State Government has issued a final one-week deadline for estate developers operating without approved layout plans. Defaulters face heavy fines or demolition as the state intensifies enforcement to protect urban planning standards and homebuyers.
FG Projects ₦54.43tn 2026 Budget as Debt Service Rises to ₦15.91tn, Deficit Widens to Historic Levels
Nigeria’s 2026 budget framework projects ₦54.43tn spending, ₦15.91tn debt service, and a record ₦20.10tn deficit, raising concerns over fiscal stability.
Nigeria’s Economy Expands by 3.98% in Q3 2025 as Key Sectors Strengthen
Nigeria’s economy expanded by 3.98% in Q3 2025, driven by stronger agriculture, industry, and services output. NBS data highlights continued non-oil sector resilience.