FMBN Shines at AIHS 2025 with Impactful Session, Receives Stakeholders’ Commendation
The Federal Mortgage Bank of Nigeria (FMBN) emerged as one of the most celebrated institutions at the 19th Africa International Housing Show (AIHS) 2025, earning widespread commendation from stakeholders for…
Lagos Gets Tough on Property Agents in Sweeping Tenancy Reform Bill
Property agents in Lagos who skirt tenancy rules could soon be staring at a maximum of two years behind bars, a ₦1 million fine or both if a new bill…
FG Bans MDAs from Awarding Contracts Without Finance Ministry Approval
The Federal Government has banned all Ministries, Departments, and Agencies from issuing contract award letters without prior approval from the Minister of Finance. The approval must come in the form…
Ogun State Grants Two-Week Extension for Property Documentation
In a bid to accommodate widespread appeals from residents, the Ogun State Government has extended by two weeks the deadline for property owners and occupiers to submit title documents under…
Rivers Firm Constructs Mega Mall on Controversial Abuja Plot
Hyper City Retail Limited, a Port Harcourt-based supermarket chain, is building a shopping mall on a prime plot in Utako, Abuja. The site was once reserved for a memorial to…
Lagos Assembly Proposes New Tenancy Law
The Lagos State House of Assembly is set to introduce a new tenancy law. The bill aims to regulate the relationship between landlords and tenants. It will replace the Tenancy…
Court Halts Ogun Governor from Demolishing Gbenga Daniel’s Properties
An Ogun State High Court has issued an interim order restraining Governor Dapo Abiodun and state officials from demolishing or interfering with properties belonging to former governor Gbenga Daniel, including…
Dangiwa Decries Land Titling Gap as Sanwo-Olu Launches ‘Identifier’ Project to Transform Property Mapping
Ninety-seven per cent of Nigerian land has no formal title. This makes it difficult to use as collateral for loans. Minister of Housing and Urban Development, Ahmed Dangiwa, disclosed this…
FCMB partners MOFI on home ownership
First City Monument Bank (FCMB) has partnered with the Ministry of Finance Real Estate Investment Fund (MREIF) to boost homeownership in Nigeria. The ₦10 billion scheme offers mortgage loans up…
Shelter Afrique to Pay Over US$1.1m After Court Rules in Favour of Blue Rose in Loan Dispute
The Commercial Division of the Accra High Court has ordered pan-African housing financier Shelter Afrique to pay more than US$1.1 million in damages to Ghanaian developer Blue Rose Limited, after…