
Good morning,
Today’s edition examines how Lagos’ property market is adjusting to economic pressures while continuing to reveal new pockets of opportunity. From shifting demand patterns to infrastructure-led growth, the signals emerging across the city suggest resilience rather than retreat. We break down what these trends mean for investors, developers, and households navigating a changing market.
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Lagos Real Estate Market Signals Resilience and New Growth Frontiers for Investors
The Lagos property market is undergoing a significant transition, creating a fresh wave of opportunities for local and international investors despite prevailing macroeconomic headwinds. According to market analysts and industry reports, the demand for high-quality residential and commercial spaces remains robust, driven by urbanisation, a growing middle class, and a strategic shift toward peripheral locations.
Ikeja Electric and EKEDC Under Fire Over Prolonged Power Blackouts in Lagos
Residents across several communities in Lagos State have raised an alarm over a total power blackout that has persisted for 10 months, severely disrupting socio-economic activities and personal livelihoods. Reports indicate that the outage, which began in early 2025, has left hundreds of households and small-scale enterprises in darkness, with no definitive timeline for restoration from the relevant electricity distribution companies (DisCos).
Someone just spent $236,000,000 on a painting. Here’s why it matters for your wallet.
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:
*Per Masterworks data. Investing involves risk. Past performance not indicative of future returns. Important Reg A disclosures: masterworks.com/cd
Imo State Issues 14-Day Removal Notice for Illegal Structures Under Owerri Power Lines
The Imo State Government has issued a 14-day ultimatum to owners of illegal structures erected under high-tension power lines in the Owerri North Local Government Area. The directive, announced on 19 January 2026, targets buildings and shanties situated within the protected right-of-way (RoW) of the 330kV national grid transmission line, which connects the Alaoji Transmission Station to the Egbu Transmission Station in Owerri.
Lagos-Badagry Expressway: 18-Week Traffic Diversion Commences at Iyana-Iba
The Lagos State Government has officially announced a traffic diversion plan for the Lagos-Badagry Expressway scheduled to last for 18 weeks, starting from Monday, 19 January 2026. This measure is necessary to facilitate the repair and maintenance of the bridge at the Iyana-Iba interchange, ensuring the structural integrity of this critical transport corridor.
FX MARKET SNAPSHOT
USD > NGN | 1,480.26 | Up by 0.71% |
GDP > NGN | 1,989.15 | Up by 0.01% |
EUR > NGN | 1,723.75 | Up by 0.01% |
CAD > NGN | 1,067.02 | Up by 0.02% |
Economy Watch
Wall Street Isn’t Warning You, But This Chart Might
Vanguard just projected public markets may return only 5% annually over the next decade. In a 2024 report, Goldman Sachs forecasted the S&P 500 may return just 3% annually for the same time frame—stats that put current valuations in the 7th percentile of history.
Translation? The gains we’ve seen over the past few years might not continue for quite a while.
Meanwhile, another asset class—almost entirely uncorrelated to the S&P 500 historically—has overall outpaced it for decades (1995-2024), according to Masterworks data.
Masterworks lets everyday investors invest in shares of multimillion-dollar artworks by legends like Banksy, Basquiat, and Picasso.
And they’re not just buying. They’re exiting—with net annualized returns like 17.6%, 17.8%, and 21.5% among their 23 sales.*
Wall Street won’t talk about this. But the wealthy already are. Shares in new offerings can sell quickly but…
*Past performance is not indicative of future returns. Important Reg A disclosures: masterworks.com/cd.
Vice President Shettima to Present Nigeria’s 2026 Economic Roadmap at World Economic Forum
Vice President Kashim Shettima is set to represent Nigeria at the 56th World Economic Forum (WEF) in Davos, Switzerland, where he will present the nation’s 2026 economic outlook to global leaders and investors. The Vice President’s participation aims to showcase Nigeria’s recent macroeconomic reforms and signal the country’s readiness for increased Foreign Direct Investment (FDI) across key sectors including energy, digital economy, and agriculture.
Quote of the day:
“Progress rarely announces itself loudly. It shows up quietly in the habits we keep and the choices we repeat.”
New Tax Law: Why Nigerian Traders are Returning to Cash Over Bank Transfers
A recent study by the News Agency of Nigeria (NAN) reveals a significant shift in consumer and merchant behavior as small-scale traders and business owners increasingly priorities cash payments over bank transfers. This trend emerged following the official commencement of the 2026 tax regime on 1 January 2026, which introduced several structural changes to transaction levies and digital oversight.
Produced by: Amarachi Okeke
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