This week in Real Estate
NHM brings you the most important real estate stories of the week.
Latest News
NATIONAL NEWS
The Benue State Government has launched the construction of a 1,080-unit housing estate in Makurdi, a project designed to reduce the city’s housing deficit and provide more affordable accommodation options.
LAGOS
The Lagos State Government has ordered the immediate suspension of all ongoing and planned land reclamation projects, citing the environmental and social risks posed by unregulated developments across the state.
ABUJA
The President of the Nigerian Institute of Town Planners (NITP), Dr. Chime Ogbonna, has urged the federal government to fully implement the Nigerian Urban and Regional Planning Law.
World News
All News
FG Outlines How New Housing Programme Diverges from Past Initiatives
The Federal Government has clarified how its current housing programme is structured to address shortcomings of previous initiatives
HDAN Commends Minister Dangiwa as Housing Delivery Crosses 10,000 Units
Housing Development Advocacy Network (HDAN) hails Minister Ahmed Dangiwa’s transformative leadership and reforms reshaping Nigeria’s housing sector.
FG Halts Lagoon and Island C-of-O Approvals, Orders Resubmission to OSGOF
The Federal Government has suspended all pending and previously approved Certificates of Occupancy (C-of-O) for developments on Nigeria’s islands and lagoon areas.
Lagos State Government to Add Nearly 95,000 sqm of Premium Office Space by 2027 Across 10 Projects
Lagos is gearing up for a significant expansion in its commercial real estate sector. According to the latest data, approximately 94,931 square meters of premium office space.
Lagos Rental Market Stalls at 1.38 Million Households Despite Soaring Population Growth
A new report has revealed that the number of households renting homes in Lagos has remained flat at about 1.38 million since 2016, even as the city’s population and total households have continued to grow.
The Federal Government Greenlights ₦3.8 Trillion Renewal of Third Mainland Bridge
The Federal Government has authorized a sweeping ₦3.8 trillion initiative to restore or rebuild Lagos's Third Mainland Bridge.
Federal Government Allocates N142 Billion for Six Modern Bus Terminals Nationwide
The Federal Executive Council (FEC) has sanctioned a substantial investment of N142 billion for the development of six state-of-the-art bus terminals across Nigeria.
FG and Lagos Launch Nationwide Land Titling and Documentation Reform
The Housing Ministry and Lagos State have launched a high-level workshop to advance national land titling reforms, partnering with the World Bank, streamlining documentation.
Shelter Afrique Ordered to Pay Over US$1.1 Million in Court Settlement
The Commercial Division of the Accra High Court has ordered pan-African housing finance institution Shelter Afrique to pay over US$1.1 million to Ghanaian property developer Blue Rose Limited after finding that the lender failed to release funds for a housing project despite the developer meeting all contractual conditions.
FCMB, MREIF Join Forces on ₦10 Billion Mortgage Plan to Expand Homeownership
First City Monument Bank (FCMB) has partnered with the Ministry of Finance’s Real Estate Investment Fund (MREIF) to roll out a ₦10 billion mortgage financing scheme designed to help more Nigerians own homes.