Rising Rents and Economic Pressures Push More Nigerians Out of Affordable Housing
Nigeria’s worsening economic conditions and rapidly rising rental costs are forcing millions of households out of affordable housing, with many families spending a significant share of their income on accommodation.…
Lagos Seals Ikeja Properties Over Planning Permit Violations
The Lagos State Government has sealed more than 20 properties in Ikeja Local Government Area for violating physical planning regulations, as authorities intensify enforcement of planning laws to promote orderly…
Planning Permit Violations Fuel Unsafe Urban Development, Experts Warn
Urban planning experts have warned that increasing violations of planning permit regulations are undermining orderly physical development across Nigeria, contributing to building collapses, flooding, environmental degradation, and significant economic losses.…
Senate Passes Bill to Replace 1997 NAICOM Act with Stronger Insurance Regulatory Framework
The Nigerian Senate has passed the Insurance Regulatory Commission Bill, 2026, repealing the nearly three-decade-old National Insurance Commission (NAICOM) Act of 1997 and introducing a stronger legal framework to modernise…
Banks’ Maximum Lending Rate Declines to 33.16% Amid Easing Credit Costs
The maximum lending rate charged by Nigerian banks declined to 33.16 per cent, according to the latest financial sector data, signalling a slight easing in borrowing costs for businesses and…
NAICOM, NIA Back Lagos Compulsory Building Insurance Scheme
The National Insurance Commission (NAICOM) and the Nigerian Insurers Association (NIA) have endorsed the Lagos State Government’s compulsory Building Insurance Scheme, describing it as a major step toward protecting lives,…
Minister Urges NITP to Pursue Constitutional Amendment for Better Physical Planning
The Minister of Regional Development, Engr. Abubakar Momoh, has urged the Nigerian Institute of Town Planners (NITP) to intensify its engagement with the National Assembly in pursuing constitutional amendments that…
Housing Minister Orders FMBN to Raise Mortgage Ceiling to ₦85m, Expand Home Loans
The Federal Government has directed the Federal Mortgage Bank of Nigeria (FMBN) to increase mortgage disbursements and raise its mortgage loan ceiling to ₦85 million as part of efforts…
Izunaso Calls for Regular Review of Capital Market Laws to Boost Investment Growth
Senator Osita Izunaso has called for the continuous review of Nigeria’s capital market laws to ensure they remain responsive to emerging economic realities, technological innovation, and global investment trends. He…
FHFL to Deliver 10,000 Social Housing Units, Empower 100,000 Women by 2030
Family Homes Funds Ltd. (FHFL) has unveiled an ambitious plan to deliver 10,000 social housing units across Nigeria by 2030 while empowering 100,000 disadvantaged women and training 100,000 artisans under…