Umahi Defends Tinubu’s Borrowing as Nigeria’s External Debt Rises to $51.86bn
The Minister of Works, David Umahi, has defended President Bola Tinubu’s borrowing strategy, saying the administration is taking loans to fund critical road infrastructure seen as essential for security, commerce,…
CBN Rate Pause Tightens Credit Conditions as High Interest Rates Slow Growth
The Central Bank of Nigeria’s (CBN) monetary policy decisions continue to shape financial market conditions, as the apex bank maintains a tight stance aimed at stabilising the naira while inadvertently…
FG Cancels $717.7m World Bank Power Sector Funding Over Reform Challenges
The Federal Government has cancelled $717.7 million in undisbursed World Bank funding for Nigeria’s power sector, ending the remaining portion of a $1.52 billion electricity recovery programme amid worsening tariff…
Rising Cement Prices Threaten Affordable Housing in Nigeria — REDAN Warns
Nigeria’s housing sector is facing fresh pressure as the cost of a 50-kilogram bag of cement continues to rise sharply, with prices reaching as high as ₦15,000 in some locations…
Dangote Cement to Host Side Event and Housing Industry Stakeholders’ Engagement as Power Sponsor of AIHS 2026
Dangote Cement Plc, Africa’s leading cement manufacturer, has confirmed plans to host a major Side Event and Stakeholders’ Engagement Session as a Power Sponsor at the 20th Anniversary Edition of…
Breaking [Eid-ul-Adha]: FG declares public holidays for sallah celebration
The federal government has declared Wednesday May 27 and Thursday May 28, 2026 as public holidays to mark the celebration of Eid ul Adha. The announcement was made by the…
WUF13 Delegates Call for Urgent Action on Global Housing Crisis
Delegates from 176 countries attending the 13th World Urban Forum (WUF13) in Baku, Azerbaijan, have called for urgent and coordinated global action to address the worsening housing crisis affecting billions…
Libya and Azerbaijan Deepen Cooperation on Housing and Urban Governance
A report by an Azerbaijani news agency has highlighted growing cooperation between Libya and Azerbaijan, with both countries focusing on housing development frameworks and urban governance systems. The development was…
Nigeria Housing Deficit Presents Trillion-Naira Investment Opportunity — PAC Research
New reports by PAC Research have called for the adoption of incremental housing models, stronger housing finance systems and expanded public-private partnerships (PPPs) to address Nigeria’s widening housing deficit. The…
Nigeria Real Estate Market Needs Urgent Reform
Estate surveying and valuation firm Messrs Ubosi Eleh and Company has called for urgent structural reforms in Nigeria’s real estate sector, warning that poor land documentation, weak regulation and limited…