The Economic and Financial Crimes Commission (EFCC) has arrested an Abuja-based property agent over an alleged ₦288 million fraud linked to real estate transactions. The agency disclosed that the suspect allegedly defrauded multiple clients through false property representations, raising fresh concerns about transparency and risk in Nigeria’s property market.

Residents of satellite communities around Abuja have raised alarm over deteriorating living conditions caused by a worsening waste management crisis. Across areas such as Karu, Nyanya, and Kurudu, uncollected refuse, illegal dumping, and weak sanitation systems have created severe environmental and public health concerns.

Nigeria may experience a renewed surge in inflation in 2026, as economic analysts warn that persistent structural pressures including exchange rate volatility, energy costs, and supply constraints could drive prices higher. The outlook signals continued strain on households and policy challenges for economic managers.

Nigeria’s insurance sector is undergoing a major transformation following sweeping reforms introduced under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. A new industry report highlights strong growth in 2025 but raises concerns over a ₦270 billion capital requirement that could reshape the sector through consolidation and recapitalisation efforts.

Nigeria’s Value Added Tax (VAT) allocations to states increased significantly in January 2026, rising by 74 percent to ₦423 billion, according to data from the Federation Account Allocation Committee (FAAC). The surge reflects improved tax collections and strengthened revenue distribution to subnational governments.