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Happy mid-week.

We have a smooth mix of updates for you today, from new government moves to fresh activity in Lagos and insights from across the investment space. It is a clean, easy read to help you start the day informed and ahead.

Let’s get into it.

FCT Government Launches Housing Initiatives for Judicial Officers in Abuja

The Federal Capital Territory Administration (FCTA) has unveiled a series of housing projects targeting judicial officers in Abuja, aiming to address accommodation deficits and enhance the operational efficiency of the judiciary. The announcement was made by FCT Minister, Nyesom Wike, during the Special Court Session marking the 2025/2026 Legal Year of the Court of Appeal.

According to Minister Wike, the FCTA has allocated fresh budgetary provisions for constructing additional residential units for High Court judges. The initiative is part of a broader effort to provide well-equipped housing for judicial officers, ensuring that they can perform their duties without disruptions caused by inadequate living conditions.

Alaro City Development Secures Major Boost as Lagos Unveils Logistics Park

Lagos State has launched the TY Logistics Park Free Zone Enterprise (FZE) in Alaro City, adding a major logistics asset to the rapidly expanding Lekki–Epe industrial corridor and reinforcing the state’s position as Nigeria’s foremost investment destination.

The launch, attended by senior government officials and private-sector leaders, marks a significant milestone in Lagos’ long-term strategy to build modern industrial infrastructure, enhance trade efficiency and consolidate the city’s role as a regional logistics hub.

Anambra State Launches 10,000-Unit Affordable Housing Project in Isiagu

The Anambra State government has unveiled plans to construct 10,000 low-cost housing units in Isiagu, Awka South Local Government Area, targeting civil servants and low-income earners. The project, structured as a Public–Private Partnership (PPP), aims to address the state’s significant accommodation deficit and enhance urban housing accessibility.

The housing initiative, approved by Governor Charles Soludo, forms part of the state’s broader agenda to improve living standards and promote sustainable urban development. Commissioner for Housing, Pauly Onyeka, confirmed that delays caused by design adjustments have now been resolved, and construction is set to commence with the onset of the dry season.

FX MARKET SNAPSHOT TODAY

USD > NGN

1,478.17

Up by 0.77%

GDP > NGN

1,967.22

Up by 0.03%

EUR > NGN

1,719.59

Up by 0.02%

CAD > NGN

1,067.59

Up by 0.01%

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Economy Watch

FG Directs 70% Rollover of 2025 Capital Budget to 2026 Amid Revenue Constraints

The Federal Government has directed ministries, departments and agencies (MDAs) to carry over 70% of their approved 2025 capital budget into the 2026 fiscal year, in a move aimed at prioritising the completion of ongoing projects and managing fiscal pressures amid tight revenue conditions.

Why It Matters: This rollover signals slower government spending and likely delays to major infrastructure projects in 2026. For developers, investors and construction firms, it means longer timelines for roads, power, and public infrastructure that support private-sector activity. While the move aims to enforce fiscal discipline, it also increases uncertainty for project delivery and may weaken confidence unless implementation is transparent and closely monitored.

Investment Leaders Warn: Redirect Capital or Fuel More Ponzi Losses

The Association of Issuing Houses of Nigeria (AIHN) has called for a stronger redirection of idle domestic capital into regulated investment products, arguing that the proliferation of Ponzi schemes reflects a widening gap between available liquidity and credible investment channels. The position was presented in Lagos during the AIHN Annual Investment Banking and Awards Dinner, where industry leaders assessed market conditions and outlined priorities for strengthening investor protection and enhancing capital formation.

Why It Matters: Nigeria has a growing pool of idle capital, but too much of it is flowing into Ponzi schemes instead of regulated investments. Industry leaders are warning that without stronger investor education and more accessible, credible investment products, households and businesses will stay exposed to unnecessary risk. At the same time, improving macro conditions and new digital platforms signal real opportunities for safer market participation, especially as recapitalisation boosts activity in equities and debt markets. For investors and professionals, the message is clear: capital is returning to the markets, but discipline, transparency, and informed decision-making are more important than ever.

Quote of the day:

“Small daily improvements over time lead to stunning results.” — Robin Sharma

HAVE A GREAT DAY 😃

Produced by: Amarachi Okeke

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