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The Central Bank of Nigeria (CBN) has maintained the Monetary Policy Rate (MPR) at 26.5 per cent, extending a tight monetary stance aimed at containing inflation and preserving economic stability. The decision means borrowing costs are likely to remain elevated, sustaining pressure on mortgage accessibility, housing development finance and real estate investment across the country.
Housing, Business Borrowing Costs Remain High as CBN Holds Rate at 26.5%
The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 per cent, maintaining its current monetary policy stance amid concerns over inflation and broader economic uncertainties. The decision was announced at the end of the Monetary Policy Committee (MPC) meeting in Abuja, where members voted unanimously to leave all key policy parameters unchanged.
Real Estate Stakeholders Seek Probe into Lagos-Calabar Coastal Highway Alignment
Real estate stakeholders have called for an independent technical investigation into the alignment and drainage design of the Lagos-Calabar Coastal Highway, arguing that an objective assessment is needed to determine whether changes to the project's original route contributed to recent flooding in parts of Lagos. They also renewed calls for compensation for investors whose properties were affected by the highway development.
Experts Call for Structural Reforms to Boost Mortgage-Backed Homeownership in Nigeria
Real estate and housing finance stakeholders have called for comprehensive reforms to Nigeria's mortgage market, arguing that expanding homeownership will require affordable financing, lower construction costs and stronger household incomes. The recommendations come as Nigeria continues to grapple with a significant housing deficit and one of Africa's least-developed mortgage markets.
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Inflation Tops 30% in 19 States, FCT Despite National Slowdown
Nigeria's headline inflation rate eased marginally to 15.91% in June 2026, but regional price pressures remained elevated, with 19 states and the Federal Capital Territory (FCT) recording annual inflation rates above 30%, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The figures highlight significant disparities in the cost of living across the country despite the slight moderation in the national average.
Does Your State Have Money Owed To You?
Does your State Treasury Department have money owed to you?
Search your name and state to check if you may appear in unclaimed property records, including funds from accounts, refunds, or deposits.
FG Says Nigeria's Reported ₦80 Trillion New Debt Figure Is Exaggerated
The Federal Government has dismissed claims that the Tinubu administration borrowed nearly ₦80 trillion within its first three years in office, describing the widely circulated figure as exaggerated and driven largely by accounting adjustments rather than fresh borrowing. The clarification was made by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, during a briefing before the Senate Committee on Finance on the state of the economy.
FG Reopens 13 Oil Blocks After They Fail to Attract Investor Bids
The Federal Government has announced that 13 oil and gas blocks offered during Nigeria's 2025 Licensing Round will be returned to the licensing pool after failing to attract commercial bids from investors. The decision follows the conclusion of the commercial bidding process conducted by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
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“Progress begins the moment systems replace shortcuts, and accountability becomes the standard.”
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