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A new legal confrontation is unfolding in Nigeria’s capital as the Federal High Court approves contempt proceedings against the Minister of the Federal Capital Territory in connection with ongoing demolition actions across Abuja.
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Court Approves Contempt Notice Against FCT Minister as Demolition Dispute Deepens
An Abuja High Court has granted an order permitting the service of a contempt notice on the Federal Capital Territory (FCT) Minister, Nyesom Wike, after a property developer alleged that demolition activity at a contested Abuja site proceeded in defiance of a valid court order. This development marks a significant escalation in a legal dispute over the enforcement of a subsisting injunction.
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Jigawa Government Approves ₦853 Million Purchase of 86 Housing Units for Public Servants
The Jigawa State Executive Council has approved ₦853 million for the purchase of 86 housing units to support public servants and other eligible beneficiaries, the State Commissioner for Information, Youth, Sport and Culture, Mr Sagir Musa, disclosed after a council meeting in Dutse on 4 March 2026. The acquisition forms part of broader efforts to address accommodation challenges and expand access to affordable housing across the state.
NIESV: Rent Control Will Not Resolve Nigeria’s Housing Crisis
The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has cautioned the Federal Government and state authorities against adopting rent control policies as a solution to Nigeria’s housing affordability crisis. The institution argues that regulating rental prices without addressing structural supply constraints will distort the market and fail to resolve the country’s estimated multi-million-unit housing deficit.
Dangote Petrol Price Hike to Have Ripple Effects on Nigerian Economy -PETROAN
The Enugu State Government has announced plans to commence rigorous enforcement of building regulations following the expiration of a 90‑day regularisation window offered to property owners with unapproved structures. The policy is designed to reinforce orderly urban development and ensure compliance with planning and land use laws across the state.
Nigerian Crude Oil Surpasses $80 per Barrel, Highest Since Mid-2024
Nigerian crude oil prices have risen above $80 per barrel, reaching levels not seen since mid-2024, following heightened geopolitical tensions in the Middle East that have intensified global supply risk and price volatility. The upward move has taken Nigerian benchmark prices well above the Federal Government’s 2026 budget assumption of $64.85 per barrel, potentially enhancing revenue prospects for Africa’s largest oil exporter.
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“The true value of real estate is not just the structure itself, but the stability it brings to communities and economies.”
Produced by: Amarachi Okeke
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