This week in Real Estate
NHM brings you the most important real estate stories of the week.
Latest News
NATIONAL NEWS
The Central Bank of Nigeria (CBN) has indicated that lower interest rates may be on the horizon as inflationary pressures begin to moderate, raising prospects for cheaper credit and renewed private sector investment.
LAGOS
The International Real Estate Federation (FIABCI) has urged Nigeria to adopt proven international construction models and regulatory framework.
ABUJA
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has officially inaugurated the 5.4-kilometre Karu dual carriageway
World News
All News
FIABCI Advocates Adoption of Global Standards to Address Building Collapse in Nigeria
The International Real Estate Federation (FIABCI) has urged Nigeria to adopt proven international construction models and regulatory framework.
Federal Workers Face Hurdles Despite FG Housing Loan Expansion
A significant number of federal civil servants remain unable to benefit from the Federal Government’s housing loan scheme.
FG Moves to Develop Building Materials Hub on 200 Hectares in Lekki Free Trade Zone
The Federal Government has acquired 200 hectares of land within the Lekki Free Trade Zone to establish a dedicated Building Materials Hub, aiming to reduce construction costs.
FG Reconstitutes National Building Code Advisory Committee, Names 21-Member Panel
The Federal Government has reconstituted and inaugurated the National Building Code Advisory Committee (NBCAC) to strengthen building-standards enforcement and curb structural failures nationwide.
FCTA Demolishes Over 1,000 Illegal Shanties Along Karsana Road Corridor in Abuja
The Federal Capital Territory Administration (FCTA) has commenced the demolition of more than 1,000 illegal shanties along the Karsana road corridor in Abuja.
Renewed Hope Agenda: Housing Incentives for Civil Servants Under Scrutiny
The call for civil servants to receive at least a 50 percent housing incentive has gained momentum as stakeholders question whether the Federal Government’s Renewed Hope Agenda.
Lagos Government to Regulate Beach Houses in Ibeshe and Ilashe Coastal Corridor
Lagos State has announced plans to regulate the growing number of beach houses and hospitality developments along the Ibeshe–Ilashe coastal corridor, citing environmental, safety, and land-use concerns.
Housing Ministry Launches New Fraud Reporting Portal and Oversight System to Secure Real Estate
The Federal Ministry of Housing and Urban Development has officially launched a Housing Fraud Reporting Portal, enabling citizens to report and monitor fraudulent practices in the real estate sector.
Lagos Reviews Tenancy Law to Address Rent Demands and Agency Fees
Lagos State Government has revised its tenancy regulations in a bid to curb rising rent demands, multiple agency charges, and other practices burdening tenants across the state.
Federal Government Commences Phase 2B Access Road for Second Niger Bridge
The Federal Government has commenced construction of the Phase 2B access road to the Second Niger Bridge, a critical infrastructure project designed to ease transportation.