Rising Living Costs Put Fresh Pressure on Nigerian Households
Nigeria's cost-of-living crisis continues to put pressure on households as many Nigerians struggle to keep up with the rising cost of food, transportation and other basic necessities. A report by…
8.5 Million South Africans Now Unemployed as Job Market Deteriorates
South Africa's unemployment crisis has deepened, with the number of unemployed people rising to 8.5 million in the second quarter of 2026 as the country's labour market continues to face…
Scavenger Attacks Raise Fresh Concerns Over Safety of Lagos Infrastructure
The growing destruction of public infrastructure by scavengers has raised fresh concerns over the safety and durability of critical facilities in Lagos, with residents calling for urgent government intervention. The…
NiMet Issues Fresh Flood Alert for 13 States
The Nigerian Meteorological Agency (NiMet) has warned residents and authorities in 13 states to prepare for possible flash floods between August 11 and 20, 2026, as heavy rainfall continues across…
Mbah Approves Land for ITF Digital Fabrication Centre in Enugu
The Enugu State Government has allocated land in the state capital for the establishment of a Digital Fabrication Centre by the Industrial Training Fund (ITF) as part of efforts to…
FG Intensifies Housing Drive, Targets 100,000 Units Before 2027
The Federal Government has set a target to complete and deliver 100,000 housing units before 2027 as it intensifies implementation of the Renewed Hope Housing Programme. The target is part…
MREIF Posts ₦14.49bn Profit as Mortgage Banks Demand More Housing Finance
The Mortgage Banking Association of Nigeria (MBAN) has called on the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF) to translate its strong financial performance into increased mortgage lending…
Two-Bedroom Apartments on Lagos Island Now Rent for ₦17.25m
The cost of renting a two-bedroom apartment on Lagos Island has risen to as much as ₦17.25 million annually, highlighting the growing pressure on tenants as housing costs continue to…
Enugu Reclaims Wuye Property After Land-Grabbing Dispute
The Enugu State Government has regained control of a 1.4-hectare property in Wuye District, Abuja, following a prolonged dispute over alleged attempts by land grabbers to take over the site.…
CBN Reports Increase in Housing and Mortgage Credit Demand
More Nigerians are turning to bank loans to finance the purchase and construction of homes, with demand for housing-related credit recording a notable increase in the second quarter of 2026.…