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Nigeria’s construction sector is facing mounting pressure, with the Federation of Construction Industry warning that funding constraints, delayed payments and rising operating costs are threatening project delivery and employment. The reported loss of 41,800 jobs highlights the wider risks for housing supply, infrastructure development and the viability of construction projects across the country.
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FOCI Warns Nigeria’s Construction Sector Faces Collapse as 41,800 Jobs Are Lost
The Federation of Construction Industry (FOCI) has warned that Nigeria’s construction sector is facing a severe funding crisis, with delayed payments, rising operating costs and inadequate financing forcing contractors to suspend projects or operate below capacity.
Sanusi Warns Investors Against Selling Homes to Buy Dangote Shares
The Emir of Kano, Muhammadu Sanusi II, has cautioned prospective investors in the Dangote Refinery initial public offering (IPO) against selling their homes or using essential funds to purchase shares.
The ice cream shop that makes money when it's cold
28 Wishes sells ice cream in Los Angeles. Below 70°F, sales fall about 20%. So the owners put about $20 a day into Kalshi weather markets, taking the cold side. The days that keep customers away now pay something back. See how other owners are doing it
Nubi Urges Shift From Housing Units to Sustainable, Inclusive Communities
Nigeria needs to move beyond measuring housing delivery by the number of buildings constructed and focus instead on developing sustainable, inclusive and resilient communities, Professor Timothy Nubi of the University of Lagos has said.
FAAC Allocates ₦2.338 Trillion Federation Revenue for August 2026
The Federation Account Allocation Committee shared a total sum of ₦2.338 trillion among the Federal Government, the 36 state governments, and the 774 local government councils for the month of August 2026.
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Federal Government Begins Review of Tax Laws and Fiscal Policies
The Federal Government has commenced a fresh review of Nigeria tax laws and fiscal policies, inaugurating a Technical Subcommittee on Fiscal Policy and Tax Reforms to address operational ambiguities, streamline compliance, and lay the groundwork for the Finance Bill 2027.
Nigeria and France Strengthen Partnership on Trade, Investment and Energy
Nigeria and France have reaffirmed their commitment to stronger bilateral cooperation following a private meeting between President Bola Tinubu and French President Emmanuel Macron in Paris.
Quote of the day:
“Progress begins the moment systems replace shortcuts, and accountability becomes the standard.”
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