This week in Real Estate
NHM brings you the most important real estate stories of the week.
Latest News
NATIONAL NEWS
The Rivers State Government’s collaboration with Masta Services aligns with its broader strategy to expand housing infrastructure and stimulate local investment. By positioning the project close to the Port Harcourt International Airport, the state aims to foster a thriving residential and commercial ecosystem that supports tourism, logistics, and corporate relocation.
LAGOS
Tension has risen in Oworonshoki, Lagos, following the demolition of more than 70 houses at Ajileru, Ososa Extension, and Toluwalase Streets an action that occurred despite an active court injunction restraining the state government from proceeding with demolitions in the area.
ABUJA
Minister Nyesom Wike announces that by 2027, every FCT High Court judge will have official housing, marking a new phase in Nigeria’s judicial welfare and infrastructure reform.
World News
All News
REDAN Commends EFCC on Recovery of 753 Properties in Abuja, Urges Reinvestment into Affordable Housing
The Real Estate Developers Association of Nigeria (REDAN) has welcomed the Economic and Financial Crimes Commission’s (EFCC) recovery of 753 duplexes and other properties in the Lokogoma District of Abuja.
HDAN Urges Lawmakers to Curb Soaring Rent and Agency Fees in Abuja
The Housing Development Advocacy Network (HDAN) has called on the National Assembly to introduce urgent legislation to address the rising cost of rent and agency fees in the Federal Capital Territory (FCT).
FCTA Demolishes Boulevard Park, Maitama, for Master Plan Violations
The Federal Capital Territory Administration (FCTA) has demolished Boulevard Park in Maitama, Abuja, citing violations of park policy and breaches of the Abuja Master Plan.
FG, Polaris Capital to Train 100,000 Construction Artisans under New National Skills Programme
The Federal Government has signed a strategic partnership with Polaris Capital Limited to train, certify, and place 100,000 construction artisans in jobs nationwide
FCT High Court to Receive 50 Duplexes by June 2026, Says Wike
The Federal Capital Territory (FCT) Minister, Nyesom Wike, has announced that 50 duplexes will be delivered to the FCT High Court by June 2026,
FEC Approves Review of PPP, EPC+F Models for Lagos’ Carter and Third Mainland Bridges
The Federal Executive Council (FEC) has approved the Ministry of Works’ proposal to adopt Public-Private Partnership (PPP) and Engineering, Procurement.
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.