In partnership with

Good morning,

Welcome to today’s edition. We’re kicking off the week with a quick scan of the stories shaping Nigeria’s housing, infrastructure, and broader economy, from sustainability signals abroad to cost pressures building at home. Let’s get into it.

Introducing the first AI-native CRM

Connect your email, and you’ll instantly get a CRM with enriched customer insights and a platform that grows with your business.

With AI at the core, Attio lets you:

  • Prospect and route leads with research agents

  • Get real-time insights during customer calls

  • Build powerful automations for your complex workflows

Join industry leaders like Granola, Taskrabbit, Flatfile and more.

FG Resumes Construction on Lagos-Calabar Coastal Highway with Increased Momentum

The Federal Government has announced the resumption of full-scale construction activities on the Cross River and Akwa Ibom sections of the Lagos-Calabar Coastal Highway. This development, confirmed via the official Presidency account on X, marks a significant surge in the momentum of the 700km landmark infrastructure project.

Lagos Waterfront Development 2026: Law and Vision Drive New Reforms

The Lagos State Government has reaffirmed that its strategy for waterfront infrastructure is anchored on strict legal frameworks and long-term urban planning rather than political sentiments. Speaking with the News Agency of Nigeria (NAN), the Commissioner for Waterfront Infrastructure Development, Dayo Alebiosu, stated that "law, vision, and drive" are the essential components propelling the state's 2026 development roadmap.

NEMA Mobilizes CCECC for Controlled Demolition of Fire-Damaged Great Nigeria House on Lagos Island

In a coordinated move between state and federal authorities, the National Emergency Management Agency (NEMA) has deployed the China Civil Engineering Construction Corporation (CCECC) to execute a controlled demolition of the 22-storey Great Nigeria House. The decision, spurred by a formal request from Governor Babajide Sanwo-Olu, aims to eliminate the risk of a secondary collapse in the heart of the Lagos financial district.

Wall Street’s Morning Edge.

Investing isn’t about chasing headlines — it’s about clarity. In a world of hype and hot takes, The Daily Upside delivers real value: sharp, trustworthy insights on markets, business, and the economy, written by former bankers and seasoned financial journalists.

That’s why over 1 million investors — from Wall Street pros to Main Street portfolio managers — start their day with The Daily Upside.

Invest better. Read The Daily Upside.

FX MARKET SNAPSHOT

USD > NGN

1,468.26

Up by 0.04%

GDP > NGN

1,971.15

Up by 0.11%

EUR > NGN

1,715.75

Up by 0.00%

CAD > NGN

1,066.02

Up by 0.00%

Economy Watch

Nigeria’s Economic Reset: CBN Governor Olayemi Cardoso Reviews 2025 "Foundation Year" and Sets 2026 Growth Targets

In a year-end reflection on the state of the national economy, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has characterized 2025 as a defining phase of "consolidation and resolve." Through a series of disciplined monetary policy resets, the apex bank successfully transitioned from crisis management to a rules-based framework focused on transparency and long-term stability.

FG Unveils 2026 Growth Acceleration Strategy to Drive Jobs and Investment

The strategy, unveiled by the Ministry of Finance and the Coordinating Minister of the Economy, Wale Edun, outlines a series of fiscal and monetary interventions aimed at transitioning the Nigerian economy from stabilization to sustainable expansion.

Quote of the day:

“Do not wait to strike till the iron is hot, but make it hot by striking.”
William Butler Yeats

Sector Watch Monday

1. Regional Infrastructure: NDDC Budget Scrutiny Highlights Housing’s Structural Bottlenecks

Debate around the 2026 budget defence of the Niger Delta Development Commission has brought renewed attention to the depth of infrastructure gaps across oil-producing states. Lawmakers pointed to persistent shortfalls in roads, drainage, and basic urban services, all of which continue to constrain formal housing delivery in the region.

2. Utilities & Affordability: Power Billing Reform as a Housing Cost Variable

The federal roadmap to phase out estimated electricity billing by 2026 marks a potentially significant shift for household housing costs. Under the proposed framework, metering expansion and stricter billing enforcement aim to align electricity charges more closely with actual consumption.

Produced by: Amarachi Okeke

Want to get involved with NHM?


Have a confidential news tip or story idea? Email [email protected]

Want to advertise to our readers? Click here to learn more

Someone forwarded this to you? Join the list and subscribe here.

Recommended for you