The Federal Mortgage Bank of Nigeria (FMBN) has achieved a significant milestone in its revenue mobilization efforts, with collections for the National Housing Fund (NHF) reaching an unprecedented ₦152 billion for the 2025 fiscal year. This figure represents a substantial leap from the ₦103 billion recorded in 2024, signaling a surge in taxpayer confidence and institutional efficiency under the leadership of Managing Director and Chief Executive, Shehu Usman Osidi.

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The proposed business combination between Unity Bank Plc and Providus Bank Limited has progressed to its concluding stage, with the entities currently awaiting final court sanction. The merger, which is a critical component of the banks' strategy to meet the Central Bank of Nigeria’s (CBN) revised recapitalisation requirements, has already secured major regulatory "no-objection" nods and overwhelming shareholder support.

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President Bola Ahmed Tinubu has signed a landmark executive order aimed at realigning Nigeria’s oil and gas revenue flows. The directive, titled Executive Order 9 of 2026, strips the Nigerian National Petroleum Company Limited (NNPCL) of its long-standing power to deduct management fees and other charges at source before remitting funds to the federation.

The Lagos Metropolitan Area Transport Authority (LAMATA) has officially announced plans to significantly bolster the capacity of the Lagos Rail Mass Transit (LRMT) Red Line. By the third quarter of 2026, the state will add three new train sets, each comprising eight coaches, bringing a total of 24 additional carriages to the existing rail corridor.

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Eko Atlantic City, the ambitious 10-million-square-metre coastal development reclaimed from the Atlantic Ocean, has reached a critical maturity phase in 2026. As the city transitions from a visionary project into a functional urban hub, the residential sector is experiencing unprecedented growth. Driven by high-net-worth individuals and diaspora investors, luxury residential prices in the district have seen an average annual growth of 38% to 60% over the past five years.

President Bola Ahmed Tinubu has officially signed the Electoral Act (Amendment) Bill 2026 into law, establishing the legal framework for the 2027 general elections. The signing ceremony took place at the State House in Abuja on Wednesday, February 18, 2026, attended by principal officers of the National Assembly, including Senate President Godswill Akpabio and Speaker of the House of Representatives Tajudeen Abbas.

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