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Good Morning,
Concerns over the management of public infrastructure have come into focus in Lagos, where FESTAC residents are protesting the alleged sale of sewage treatment plants, parks and other community assets. The development has reignited discussions around urban planning, asset preservation and the importance of protecting critical infrastructure that supports sustainable housing estates. For property owners, developers and policymakers, the situation highlights the growing need for transparency and effective governance in the management of public assets within Nigeria’s residential communities.
FESTAC Residents Protest Alleged Sale of Sewage Plants, Parks and Public Assets
Residents of FESTAC Town in Lagos have protested the alleged sale of sewage treatment plants, parks and other public assets within the estate, raising concerns about the future of critical infrastructure and community facilities. The demonstrators called on government authorities to investigate the allegations and ensure that public assets meant for the benefit of residents are protected.
Real Estate Professionals Take Centre Stage as Firm Launches Industry Collaboration Facility
A real estate firm has launched a new facility aimed at strengthening collaboration among industry professionals, creating a platform for knowledge sharing, innovation and stronger partnerships across Nigeria’s property sector. The initiative is designed to bring together stakeholders from different segments of the real estate value chain, including developers, investors, consultants, architects, facility managers and other built-environment professionals. Industry observers say the move reflects growing recognition of the need for greater collaboration to address challenges facing Nigeria’s housing and property markets.
Edo Government Demolishes Building Used by Suspected Ritualist, Seals Another in Uromi
The Edo State Government has demolished a residential building allegedly tied to cultism and ritual activities, while simultaneously sealing an adjacent property in the Uromi axis of Esan North-East Local Government Area. The structural enforcement exercise, which took place following extensive intelligence gathering, forms part of the state's broadened security framework aimed at sanitising local communities and eliminating criminal havens.
Your creative brief is due Friday. Viktor wrote it Tuesday.
Tell him the campaign. Viktor pulls last quarter's performance from Meta and TikTok, scrapes competitor ads, drafts the brief, posts it for review. You edit, he ships the creative requests to your designer. Inside Slack.
FG Rules Out New Fuel and Telecom Taxes Following IMF Report
The Federal Government has dismissed reports suggesting that new taxes could be imposed on fuel and telecommunications services, stating that no such measures are being considered despite recommendations highlighted in a recent International Monetary Fund (IMF) report. The clarification comes amid concerns from businesses, investors and consumers over the potential impact of additional taxes on two critical sectors of the Nigerian economy. Government officials stressed that current fiscal reforms are focused on improving revenue collection efficiency rather than introducing new sector-specific levies.
We ranked 2,800 3PLs. Here are the top 100.
Every 3PL says they're the best. So we did the work. We ranked the top 100 in the country on the things that actually break or save a brand: peak season, accuracy, real support. Find out who made it, and whether your current one should have.
Dangote Refinery Cuts Petrol Price as Marketers Predict Drop to ₦1,200 Per Litre
Dangote Petroleum Refinery has reduced the ex-depot price of petrol, a move that fuel marketers say could trigger further declines in pump prices across Nigeria and potentially bring retail prices closer to ₦1,200 per litre. The adjustment comes amid increasing competition in the downstream petroleum sector and ongoing efforts to improve fuel supply within the country.
NGX Chairman Seeks Middle East Investor Participation in Nigeria’s Capital Market
The Chairman of Nigerian Exchange Group (NGX Group), Dr Umaru Kwairanga, has intensified efforts to attract Middle East investors to Nigeria’s capital market, as the country seeks to expand foreign participation and deepen cross-border investment flows. The initiative was highlighted during a recent engagement with the Abu Dhabi Securities Exchange (ADX), where discussions focused on strengthening cooperation between Nigeria and the United Arab Emirates (UAE) capital markets.
Quote of the day:
“Progress begins the moment systems replace shortcuts, and accountability becomes the standard.”
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