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Nigeria's real estate sector recorded a notable industry milestone as Mshel Homes was named Property Development Company of the Year (Sites and Services) at the ARE Awards 2026. The recognition marks the second consecutive year the developer has secured the award, underscoring its growing influence in Nigeria's property market and its continued investment in residential infrastructure and land development. The award comes at a time when developers are facing increasing pressure to deliver quality housing projects amid rising construction costs, infrastructure deficits and expanding urban populations. For industry stakeholders, the recognition highlights the importance of well-planned communities and infrastructure-led developments in addressing Nigeria's housing and urban development challenges.
Mshel Homes Named Property Development Company of the Year at ARE Awards 2026
Mshel Homes has been named Property Development Company of the Year (Sites and Services) at the Abuja Real Estate (ARE) Awards 2026, securing the recognition for the second consecutive year. The award highlights the company’s growing influence within Nigeria’s real estate sector and recognises its performance in land development, infrastructure provision and estate delivery.
Sanwo-Olu Highlights Investment Opportunities as Lagos Hosts Invest Lagos 3.0
Lagos State has renewed its drive to attract local and international investors, using the Invest Lagos 3.0 platform to showcase ongoing reforms, infrastructure development and emerging opportunities across key sectors of the economy. State officials highlighted Lagos’ position as Nigeria’s commercial hub while emphasising policies designed to improve the business environment and stimulate long-term investment. According to organisers, the initiative aims to connect investors with opportunities capable of driving economic growth, job creation and sustainable urban development.
SEC DG Highlights Capital Market’s Role in Financing Infrastructure and Housing
The Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, represented by Executive Commissioner Mr. Sami Ajayi, has stressed the importance of ongoing capital market reforms in strengthening investor confidence, improving access to long-term finance and supporting Nigeria’s economic transformation. Speaking at a recent industry engagement, Ajayi noted that a stronger and more efficient capital market remains essential for mobilising investment into critical sectors of the economy, including infrastructure, housing and industrial development.
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Umahi Gives Abuja-Lokoja Road Contractors 72 Hours to Mobilise or Face Sanctions
Minister of Works David Umahi has issued a 72-hour ultimatum to contractors handling sections of the Abuja-Lokoja Road rehabilitation project, directing them to return to site immediately and accelerate work or face sanctions. The directive followed an inspection of ongoing works along the corridor, where the minister expressed dissatisfaction with the pace of project execution despite government funding and commitments.
Foreign Investment in Nigeria’s Manufacturing Sector Falls 50.7% to $152 Million in Q1 2026
Foreign investment into Nigeria’s manufacturing sector declined sharply in the first quarter of 2026, underscoring ongoing challenges in attracting long-term capital into one of the economy’s most important productive industries. According to the National Bureau of Statistics (NBS), foreign capital inflows into manufacturing fell by 50.7% quarter-on-quarter to $152.27 million, down from $308.93 million recorded in the fourth quarter of 2025.
MAN Warns Proposed Sugar Tax Could Threaten 1.5 Million Jobs, Cut Manufacturing Output
The Manufacturers Association of Nigeria (MAN) has warned that a proposed increase in taxes on sugar-sweetened beverages (SSBs) could have significant consequences for the country's manufacturing sector, potentially affecting more than 1.5 million jobs and a segment responsible for roughly one-third of national manufacturing output. The association urged policymakers to adopt a balanced and evidence-based approach as lawmakers consider amendments to Nigeria’s excise tax framework.
Quote of the day:
“Progress begins the moment systems replace shortcuts, and accountability becomes the standard.”
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