Lagos Rent Hits N26.8m Yearly, Ranks Fourth in Africa — Report
Nigeria has emerged as one of Africa’s most expensive rental markets, with Lagos ranking fourth as rising housing costs continue to place significant financial pressure on urban residents. A report…
FG to Build 168-Room Ultra-Modern Hostel for UNILAG Medical Students
The Federal Government of Nigeria, through the Tertiary Education Trust Fund (TETFUND), has initiated the construction of a 168-room ultra-modern hostel for medical students at the University of Lagos (UNILAG).…
FG Raises 2026 Borrowing Plan to N29.2 Trillion as Fiscal Deficit Widens
The Federal Government of Nigeria has revised its borrowing plan for 2026 to N29.2 trillion, a significant increase from the earlier estimate of N17.89 trillion. This revision comes after the…
Ghana’s Mahama to Honour Ex-AfDB President Akinwumi Adesina with African Lifetime Achievement Award
The immediate past President of the African Development Bank (AfDB), Akinwumi Adesina, is set to receive the prestigious African Lifetime Achievement Award for his outstanding contributions to Africa’s economic growth,…
Army Chief Hands Over 30 New Housing Units to Soldiers in Lagos Barracks
The Chief of Army Staff (COAS), Lt. Gen. Waidi Shaibu, has handed over 30 newly constructed housing units to soldiers in Lagos, reinforcing the Nigerian Army’s commitment to personnel welfare…
10 Years After Commissioning, Kwankwasiyya Mega City Remains Largely Unoccupied
More than a decade after its commissioning, the Kwankwasiyya Mega City in Kano remains largely unoccupied, raising fresh concerns over housing affordability and urban planning in Nigeria. The mega housing…
Easter Attacks: 27 Killed in Kaduna, Benue, Katsina as Troops Rescue 31 Hostages
No fewer than 27 persons have been killed in coordinated attacks across Kaduna State, Benue State, and Katsina State during Easter celebrations, with several others abducted and properties destroyed. The…
MREIF Disburses N97.6bn for Housing, AHCN Seeks Wider Access to Funds
The Mofi Real Estate Investment Fund (MREIF) has disbursed over N97.6 billion to Nigerians for housing acquisition within its first year of operation, the Association of Housing Corporations of Nigeria…
Housing Finance Shortfall in Africa Reaches $1.4 Trillion — IFC Report
Africa’s housing crisis has deepened, with the continent now facing an estimated $1.4 trillion housing finance shortfall, according to the International Finance Corporation (IFC). The report highlights a widening gap…
Developer Calls for Strict Building Standards to Address Housing Deficit
A property firm, Makarios Luxury Properties Limited, has stressed the need for strict adherence to building standards to curb structural failures and tackle Nigeria’s housing deficit. Chairman of the firm,…