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Demand for housing finance increased in Nigeria in the second quarter of 2026, with credit demand for house purchases rising to 9.6 index points and mortgage and re-mortgage demand increasing by 13.3 index points, according to the Central Bank of Nigeria’s Credit Conditions Survey. The rise points to stronger interest in formal housing finance, although high borrowing costs and household affordability remain key constraints to converting credit demand into wider homeownership.
CBN Reports Increase in Housing and Mortgage Credit Demand
Demand for housing-related credit increased in the second quarter of 2026, with households seeking more financing for house purchases and mortgage or re-mortgage lending, according to the Central Bank of Nigeria’s (CBN) Credit Conditions Survey. The CBN data shows that credit for house purchases by households rose to 9.6 index points in Q2 2026, while demand for mortgage and re-mortgage lending increased by 13.3 index points.
Enugu Reclaims Wuye Property, Begins 43-Unit Woodlands Estate in Abuja
The Enugu State Government has regained control of a 1.4-hectare property in Wuye District, Abuja, after a prolonged land dispute and has commenced development of the 43-unit Woodlands Estate through a partnership with Tout Moi Nigeria Limited.
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Abuja-Kano Road to Be Completed in November, Says Umahi
The Federal Government says the remaining 164 kilometres of the Abuja-Kaduna-Zaria-Kano highway will be completed by November 2026, according to Minister of Works Dave Umahi. He disclosed this on Monday in Abuja during a meeting with the leadership of the National Association of Nigerian Students (NANS). He said the Federal Government has spent more than N200 billion on the project, with the current phase and related components receiving more than 80 per cent payment.
Lugbe FHA Residents Demand Clarity on Estate Master Plan
Residents of the Federal Housing Authority (FHA) Estate in Lugbe, Abuja, have called on the FHA, Federal Capital Development Authority (FCDA) and other relevant authorities to clarify the status of the estate’s master plan following proposed construction along a road corridor within the neighbourhood.
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NRS Reports N27.1tn Tax Revenue in Seven Months
The Nigeria Revenue Service (NRS) says it collected N27.1 trillion in tax revenue during the first seven months of 2026, highlighting stronger domestic revenue mobilisation as the Federal Government seeks to reduce its reliance on more volatile sources of income.
Nigeria Customs Generates N4.03tn in H1 2026
The Nigeria Customs Service (NCS) generated N4.03 trillion in revenue during the first half of 2026, putting the agency ahead of its mid-year projection and strengthening its position to meet its N11.074 trillion full-year revenue target.
Quote of the day:
“Progress begins the moment systems replace shortcuts, and accountability becomes the standard.”
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