Rent Control Won’t Fix Nigeria’s Housing Crisis, NIESV Tells Government
The Nigerian Institution of Estate Surveyors and Valuers (NIESV), Ondo State branch, has cautioned the government against imposing rent control measures, warning that such policies could worsen Nigeria’s housing deficit.…
Oil Rally Nears $80 as Middle East Crisis Tests Nigeria’s Economy, Naira Slides to N1,375/$1
Escalating tensions involving Israel, Iran and the United States have pushed global oil prices close to the $80 per barrel mark, triggering renewed debate over what the rally means for…
Nigeria’s Net Foreign Reserves Jump 772% to $34.8bn
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has revealed that Nigeria’s net foreign reserves surged by 772 percent within two years, rising from $3.99 billion at…
Enugu to Begin Strict Building Enforcement After 90-Day Regularisation Window
The Enugu State Government has rolled out a 90-day regularisation window for property owners without approved building plans, signaling that strict enforcement will follow once the grace period expires. The…
Two Children Drown in Edo Floodwater Collection Site
Tragedy struck in Edo State as two children drowned in a muddy floodwater collection site along Erediauwa Street, off Sapele Road, in Ikpoba-Okha Local Government Area. The incident occurred on…
FCTA to Commence Compliance Enforcement on Land Use, Ground Rent Defaulters
The Federal Capital Territory Administration (FCTA) has announced plans to commence strict enforcement against residents and property owners who violate land use regulations and default on ground rent payments in…
Dangote Refinery Raises Petrol Price from N774 to N874
The Dangote Petroleum Refinery has increased its Premium Motor Spirit (PMS) gantry price by N100, raising the ex-depot rate to N874 per litre from the previous N774 per litre. The…
Africa Leads Global Air Travel Growth with 11.7% Surge in January
African airlines recorded the highest international air travel demand growth globally in January 2026, with revenue passenger kilometers (RPK) increasing by 11.7% year-on-year, according to new data released by the…
FG Pushes $10bn Naira–Yuan Swap Deal to Ease Dollar Pressure
The Federal Government (FG) is pushing to expand Nigeria’s existing Naira–Yuan currency swap arrangement with China to $10 billion, a strategic move aimed at easing pressure on the U.S. dollar,…
Sule Flags Off 430 Affordable Housing Units for Workers in Nasarawa
Governor Abdullahi Sule of Nasarawa State has officially performed the groundbreaking ceremony for the construction of 430 affordable housing units for workers in Lafia. The housing project is being executed…