
Good morning,
Today’s edition turns to an unexpected dynamic in Lagos’ property market. While the naira continues to face pressure, the city’s luxury real estate segment is moving in the opposite direction.
Recent figures show that values in prime districts have tripled, as high-net-worth investors reposition capital toward hard assets. What appears at first glance to be a price surge is also a story about currency risk, wealth preservation, and the growing role of real estate as a financial hedge.
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Lagos Luxury Real Estate: Property Values Triple Amid Naira Devaluation
The value of luxury real estate in Lagos has experienced a sharp ascent, with prime assets in elite neighbourhoods more than tripling in value over the past year. According to data compiled by BusinessDay, a portfolio of 10 investment properties saw its collective valuation surge to ₦25.6 billion by February 2026, up from ₦9.3 billion in December 2024.
FG Initiates New Strategy to Curtail Vandalism of National Assets and Infrastructure
The Federal Government has intensified its efforts to secure Nigeria's critical infrastructure, citing the protection of these assets as a non-negotiable priority for national security and economic stability. During a strategic stakeholder summit held on 17 February 2026, in Lagos, the Director of the Directorate of Critical National Assets and Infrastructure Protection (DCNAIP) at ONSA, Air Vice Marshal Enabong Effiom, outlined a renewed "whole-of-government" approach to asset protection.
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Data Centres Emerge as Key Catalyst for Nigerian Real Estate Growth
The Nigerian real estate sector is witnessing a structural shift as data centres transition from niche infrastructure to a primary asset class. Driven by a 3.7-fold projected increase in capacity by 2030, the rapid expansion of digital infrastructure is beginning to reshape commercial land use and property valuations, particularly within the Lagos metropolitan area.
65 % of Nigerians Call for Lower Interest Rates, CBN Household Survey Shows
A significant majority of Nigerian households expressed a preference for lower interest rates in the Central Bank of Nigeria’s (CBN) January 2026 Household Expectations Survey, with 65 per cent of respondents indicating that borrowing costs should fall ahead of the next Monetary Policy Committee (MPC) meeting scheduled for 25–26 February 2026. The results were published in advance of the MPC deliberations and reflect widespread public concern about high lending rates and credit conditions.
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USD > NGN | 1,360.19 | Down by 0.73% |
GDP > NGN | 1,835.65 | Down by 0.03% |
EUR > NGN | 1,604.75 | Down by 0.00% |
CAD > NGN | 992.929 | Down by 0.05% |
Lagos Declares Lekki Epe Carriageway Off-Limits to Informal Transport Operators
The Lagos State Government has affirmed that the Lekki-Epe Expressway carriageway is out of bounds for informal transport operators, implementing restrictions as part of its ongoing public transit reform for the corridor. The announcement was made on 18 February 2026 by Sola Giwa, Special Adviser on Transportation to Governor Babajide Sanwo-Olu, in a statement reinforcing enforcement of the state’s Lekki-Epe Bus Reform Scheme.
Surulere Residents Allege Police-Backed Demolitions in Lagos Housing Dispute
Residents of Surulere in Lagos have accused individuals allegedly backed by officers of the Nigeria Police Force of carrying out a forceful demolition of residential properties in the area. The incident, which reportedly displaced multiple households, has intensified debate around property rights enforcement, due process, and the broader implications for investor confidence in Nigeria’s urban real estate market.
Quote of the day:
“Volatility tests currencies. It often strengthens real assets.”
Produced by: Amarachi Okeke
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