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Good morning,
Today’s edition focuses on the tension between urban development goals and the lived realities of residents on the ground. As governments push ahead with renewal and infrastructure plans, questions around process, transparency, and housing security continue to surface.
We also track broader market signals shaping housing decisions, from policy direction and investor sentiment to how households are responding in real time.
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Coastal Road Project: FG Marks 1,000 Lagos Homes for Demolition Amid Protests
Tensions have escalated along the Lagos–Calabar Coastal Highway corridor as no fewer than 1,000 homeowners and business operators in the Igbo Efon community and surrounding areas staged a protest against fresh demolition markings. The Federal Government, acting through the Office of the Surveyor-General of the Federation, has reportedly marked these structures for removal to enforce a 150-metre setback from the high-water mark. This development has triggered widespread concern among investors and residents who claim their properties were developed legally with state-approved titles.
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Federal Government Alarms Over Nigeria’s Escalating Housing Deficit
The Federal Government has expressed grave concern regarding Nigeria’s expanding housing deficit, warning that current shortfalls are deepening despite existing policy interventions. During recent stakeholder engagements within the built environment, government officials noted that the gap has reached critical levels, threatening social stability and national economic growth.
President Tinubu Confers GCON National Honour on Industrialist Gilbert Chagoury
President Bola Ahmed Tinubu has conferred the Grand Commander of the Order of the Niger (GCON), Nigeria's second-highest national honour, on businessman and industrialist Gilbert Chagoury. According to an official letter signed by the President and released on 19 January 2026, the award recognises Chagoury’s multi-decade contributions to the country's economic development, particularly within the infrastructure and industrial sectors.
How to Ensure Property Eligibility for Bank Mortgage Underwriting
The Nigerian real estate market continues to face significant challenges in mortgage accessibility, with approximately 95 percent of land in the country classified as "dead capital" due to a lack of formal financing eligibility. To bridge this gap, industry experts emphasize that prospective homeowners and investors must ensure rigorous adherence to specific documentation and environmental standards to qualify for bank underwriting.
Dalio: “Stocks Only Look Strong in Dollar Terms.” Here’s a Globally Priced Alternative for Diversification.
Ray Dalio recently reported that much of the S&P 500’s 2025 gains came not from real growth, but from the dollar quietly losing value. Reportedly down 10% last year!
He’s not alone. Several BlackRock, Fidelity, and Bloomberg analysts say to expect further dollar decline in 2026.
So, even when your U.S. assets look “up,” your purchasing power may actually be down.
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FX MARKET SNAPSHOT
USD > NGN | 1,480.26 | Down by 0.20% |
GDP > NGN | 1,992.15 | Up by 0.13% |
EUR > NGN | 1,737.75 | Up by 0.08% |
CAD > NGN | 1,070.02 | Up by 0.09% |
Economy Watch
DMO Opens January 2026 Bond Auction to Raise ₦900 Billion
The Debt Management Office (DMO) has announced plans to raise ₦900 billion through the reopening of three Federal Government of Nigeria (FGN) bonds in its January 2026 auction. According to a circular issued by the agency on Monday, 20 January 2026, the auction is scheduled for 26 January 2026, with a settlement date of 28 January 2026. This move aligns with the Federal Government's domestic borrowing strategy to finance the national budget and manage existing debt obligations.
Quote of the day:
“What matters most is often not what is loud, but what is lasting.”
Produced by: Amarachi Okeke
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