The housing sector experienced one of its most challenging years in recent history as persistent inflation, high material costs, and currency volatility kept home prices, construction inputs, and rental rates on an upward trajectory. According to national inflation data, the inflation rate slowed to 16.05% in October 2025, its lowest level since 2022. However, the moderation did not ease pressure on housing markets in Lagos, Abuja, Port Harcourt, Enugu, and other fast-growing urban centres.

Residents of the Isoko Community in Eti-Osa Local Council, Lagos State, have alleged that their homes and businesses were unlawfully demolished, calling for a presidential investigation, restitution, and protection against further harassment. The incident reportedly involved armed personnel and bulldozers, with claims of government-linked actors’ involvement.

Nigeria’s housing market faces mounting structural risk as its reliance on imported building materials reaches 70%, according to the newly released State of Lagos Housing Market Report (Volume 3). The report warns that the dependence on foreign inputs leaves the sector vulnerable to global supply disruptions, foreign-exchange volatility, and escalating construction costs, with Lagos Nigeria’s economic centre carrying the deepest exposure.

The WSJ just reported the highest price ever paid for modern art at auction.

While equities, gold, bitcoin hover near highs, the art market is showing signs of early recovery after one of the longest downturns since the 1990s.

Here’s where it gets interesting→

Each investing environment is unique, but after the dot com crash, contemporary and post-war art grew ~24% a year for a decade, and after 2008, it grew ~11% annually for 12 years.*

Overall, the segment has outpaced the S&P by 15 percent with near-zero correlation from 1995 to 2025.

Now, Masterworks lets you invest in shares of artworks featuring legends like Banksy, Basquiat, and Picasso. Since 2019, investors have deployed $1.25 billion across 500+ artworks.

Masterworks has sold 25 works with net annualized returns like 14.6%, 17.6%, and 17.8%.

Shares can sell quickly, but my subscribers skip the waitlist:

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_{*Per Masterworks data. Investing involves risk. Past performance not indicative of future returns. Important Reg A disclosures: masterworks.com/cd}

The Nigerian naira continued its depreciation in the parallel foreign exchange market on Tuesday, trading at N1,485 per dollar, widening the gap with the official Nigerian Foreign Exchange Market (NFEM) rate, which remained stable at N1,454 per dollar, according to the Central Bank of Nigeria (CBN).

The latest movement represents a N10 decline from Monday’s N1,475 per dollar in the parallel market. This divergence has intensified concerns among market participants regarding imbalances between currency demand and supply. Traders note that limited liquidity in the official FX window has amplified reliance on the parallel market, pushing rates higher.

A former presidential aide, Reno Omokri, has outlined 21 economic indicators which he says show material progress under President Bola Tinubu’s administration, citing improvements across reserves, production output, capital markets, infrastructure delivery, and macroeconomic stability. The remarks, shared on his official X account on Tuesday, were reported by The Guardian and mark a continued shift from Omokri’s previously critical stance toward the current government.

1. Nigeria Greenlights Major Airport Navigation and Communication System Upgrades

Nigeria’s Federal Executive Council has approved comprehensive upgrades to airport navigational and communication systems nationwide, aiming to strengthen air safety, modernise aviation infrastructure, and improve passenger experience.

The plan includes installing Advanced Surface Movement Guidance and Control Systems in Lagos and Abuja to detect runway obstructions, procuring modular air traffic control towers for eight airports, deploying aeronautical frequency monitoring and interference detection systems, and upgrading VHF radio communications at multiple airports. The initiative reflects a broader push to bring the country’s aviation facilities closer to international standards.

HAVE A GREAT DAY 😃

_{^{Produced by: Amarachi Okeke}}