Investors face a dilemma. When the S&P 500 finished its worst quarter since 2022 last month, diversifiers like bonds and bitcoin fell too.

Even with the turnaround in mid-April, analysts at Goldman Sachs and Vanguard have projected low-single-digit annualized returns from 2024-2034.

Bloomberg asked where experts would personally invest $100,000 for their March monthly edition.

One answer that surfaced for a second time? Art.

It's what billionaires like Bezos and the Rockefellers have privately used to diversify for decades.

Why?

Thanks to the world's premier art investing platform, now anyone can invest in works featuring legends like Banksy, Basquiat, and Picasso, without needing millions.

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^{*According to Masterworks data. Investing involves risk. Past performance is not indicative of future returns. See important Reg A disclosures at masterworks.com/cd.}

TAbuja has emerged as Nigeria’s most preferred relocation destination despite growing concerns over rising rental costs and the increasing cost of living, according to a new report by SBM Intelligence. The report highlights the Federal Capital Territory’s continued attractiveness to professionals, entrepreneurs, civil servants and businesses seeking improved economic opportunities, security and quality infrastructure. While housing affordability remains a significant challenge, Abuja continues to attract a growing number of residents, reinforcing its position as one of the country’s fastest-growing urban centres. According to SBM Intelligence, the city’s appeal is being driven by a combination of economic prospects, governance institutions and relatively better urban planning compared to many other major cities.

The House of Representatives Committee on Housing and Habitat has commenced an investigation into the operations of the MOFI Real Estate Investment Fund (MREIF), a flagship housing finance initiative established to expand access to affordable homeownership in Nigeria. The probe will examine the fund’s governance structure, financial operations, project delivery mechanisms and overall performance, amid growing calls for greater transparency and accountability in the administration of public housing programmes. The committee stated that the review forms part of its constitutional oversight responsibilities and aims to ensure that the fund is meeting its stated objectives of improving housing affordability and increasing access to mortgage financing for Nigerians.

The Minister of Housing and Urban Development, Engr. Muttaqha Rabe Darma, has uncovered significant discrepancies in progress reports relating to the Federal Government’s Renewed Hope Housing Project in Katsina State. During an unannounced inspection of the estate, the minister found that actual construction progress differed substantially from official records submitted to the ministry. The discovery has prompted a comprehensive review of the project, with concerns emerging over delays, incomplete housing units and construction quality. The findings underscore the growing emphasis on project accountability and delivery under the Federal Government’s housing development programme..

Deloitte ran the numbers. They project UHNW art and collectibles wealth -- already at $2.5 trillion -- to hit $3.47 trillion by 2030.

The institutional world has been quietly preparing for this. Back in 2011, 25% of wealth managers surveyed offered art-related services. In 2024, 51%. Family offices now average a 13.4% allocation to art and collectibles.

And it’s not just because they love art. It’s because they like the math.

These positions were built over decades through private dealer relationships most investors never had. The access just wasn't there.

Masterworks is changing that by allowing individuals to invest in shares of blue-chip artwork by artists like Basquiat, Warhol, and Picasso. Their track record to-date:

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^{Investing involves risk. Past performance is not indicative of future returns. See important disclosures at masterworks.com/cd.}

Tenants in Rivers State have called on Governor Siminalayi Fubara to take urgent steps to address the growing housing crisis affecting residents of Port Harcourt and Obio/Akpor Local Government Areas. The appeal comes amid concerns over rising rental costs, housing shortages and increasing affordability challenges that are placing additional financial pressure on households. Tenant representatives argue that the situation requires immediate policy intervention to improve housing access, expand affordable housing supply and protect residents from escalating accommodation costs. According to the tenants, housing challenges in the state’s major urban centres continue to worsen as demand outpaces available residential supply

Lagos has been retained as one of only 20 African cities authorised to provide full United States visa processing services under a major restructuring of American consular operations across the continent. The move follows a decision by the U.S. State Department to reduce the number of embassies and consulates handling visa applications in Africa from nearly 50 locations to 20 designated regional hubs. The decision positions Lagos as one of the continent’s most important centres for visa processing and international mobility while reinforcing Nigeria’s strategic role in U.S.-Africa diplomatic and travel relations.

Nigeria has secured approximately $3.65 billion in funding from the World Bank over the years to support electricity sector reforms, improve power distribution, expand energy access and strengthen transmission infrastructure. Despite these substantial investments, electricity supply challenges continue to affect millions of households and businesses across the country. Persistent issues including inadequate generation, weak transmission networks, distribution inefficiencies, sector debt and infrastructure constraints have limited the impact of reforms and funding interventions. According to reports, the situation has raised renewed questions about the effectiveness of power sector investments and the pace of reform implementation.