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The Federal Mortgage Bank of Nigeria (FMBN) is set to unveil its Diaspora NHF Mortgage Loan on August 7, marking a major step towards expanding access to affordable housing finance for Nigerians in the diaspora. The initiative is expected to unlock new investment into the housing sector while strengthening diaspora participation in the country's real estate market.
FMBN to Launch Diaspora NHF Mortgage Loan for Nigerians Abroad on August 7
The Federal Mortgage Bank of Nigeria (FMBN) will officially launch its Diaspora National Housing Fund (NHF) Mortgage Loan on 7 August 2026 in London, creating a new pathway for eligible Nigerians living abroad to access affordable mortgage finance for residential property in Nigeria. The initiative is expected to deepen diaspora participation in the housing sector, expand mortgage access and attract fresh investment into residential development.
Darma Calls for Stronger Housing Regulation to Protect Homebuyers and Boost Investor Confidence
Nigeria's Minister of Housing and Urban Development, Professor Muttaqha Rabe Darma, has renewed calls for a comprehensive regulatory framework to transform the country's housing sector, describing stronger oversight as essential to protecting homebuyers, restoring investor confidence and improving transparency across the real estate market.
The State of Housing 2026 - Speaker Spotlight
This week we're featuring Philip Ayodeji Babalola
Founder and CEO Uvest Realty Limited
Join him and other industry leaders on August 14.
Ogun Building Collapse Death Toll Rises to Three as Investigation Intensifies
The death toll from the collapse of a building under construction in Ajuwon, Ifo Local Government Area of Ogun State, has risen to three, as emergency responders concluded rescue operations and authorities intensified investigations into the cause of the incident. The tragedy has renewed calls for stricter enforcement of building regulations and improved oversight of construction projects across Nigeria.
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FG Begins Two-Week Kara Bridge Repairs, Lagos Issues Traffic Advisory
The Federal Government has commenced a two-week rehabilitation of Kara Bridge along the Lagos-Ibadan Expressway, prompting the Lagos State Government to issue a traffic advisory ahead of the planned maintenance works. The repairs, scheduled to begin on Tuesday, are expected to improve the structural integrity of one of Nigeria's busiest transport corridors while requiring temporary traffic diversions to minimise congestion.
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Nigeria's REITs Outperform Lagos Housing as Investors Seek Higher Returns
Nigeria's listed Real Estate Investment Trusts (REITs) are delivering stronger returns than segments of Lagos' residential property market, reinforcing growing investor interest in regulated property investment vehicles as high interest rates and economic uncertainty reshape investment strategies. According to recent market data, leading REITs have recorded significant gains in 2026, outperforming rental yields available from many residential properties in Lagos.
FG Completes 40 Major Road Projects, Advances 5,400km Highway Programme to Boost National Connectivity
The Federal Government has completed 40 major road and bridge projects across Nigeria between May 2023 and May 2026, while construction continues on approximately 5,400 kilometres of highways, expressways and strategic road corridors nationwide. The milestone, contained in the Federal Ministry of Works' three-year projects report, underscores the administration's continued investment in transport infrastructure to improve connectivity, facilitate trade and support economic development.
Quote of the day:
“Progress begins the moment systems replace shortcuts, and accountability becomes the standard.”
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