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The Ministry of Finance Incorporated (MOFI) is targeting the capital market to mobilise additional long-term funding for affordable housing and mortgage financing, as it seeks to expand access to homeownership and strengthen Nigeria’s housing finance system.
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MOFI Turns to Capital Market to Expand Affordable Housing Finance
The Ministry of Finance Incorporated (MOFI) is seeking to mobilise more capital-market funding for affordable housing projects and long-term mortgages as it works to expand housing finance across Nigeria.
Cement Prices Surge as Rising Construction Costs Deepen Nigeria’s Housing Crisis
The rising cost of cement is adding pressure to Nigeria’s housing market, increasing construction expenses for homeowners and developers at a time when affordability remains a major challenge.
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REDAN Backs 2,400 Unit Abuja Estate as Private Sector Pushes Housing Supply
The Real Estate Developers Association of Nigeria (REDAN) has backed the development of a proposed 2,400-unit residential estate in Wasa District, Abuja, as private developers seek to expand housing supply and improve access to homeownership in the Federal Capital Territory.
NSCDC Calls for Stronger Security as Coastal Highway Faces Vandalism Threat
The Nigeria Security and Civil Defence Corps (NSCDC), Lagos State Command, has called for a coordinated security strategy to protect the Lagos-Calabar Coastal Highway from vandalism, theft and other criminal activities.
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Nigeria’s Foreign Reserves Rise $12.76bn in One Year to $54.61bn
Nigeria’s gross foreign exchange reserves rose by $12.76 billion year-on-year to $54.61 billion as of September 14, 2026, extending the country’s recent reserve accumulation and strengthening its external liquidity position.
Fuel Prices May Rise Further as Middle East Oil Shock Deepens
Nigeria could face further pressure on petrol and other energy prices as escalating attacks on Middle Eastern energy infrastructure disrupt global crude supplies and push international oil prices higher.
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