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The Federal Government has introduced a ₦10 billion housing loan scheme aimed at improving homeownership among civil servants across Nigeria. The initiative seeks to expand access to mortgage financing, strengthen worker welfare, and stimulate activity in the housing sector.
Nigeria Launches ₦10bn Housing Loan for Civil Servants
The Federal Government has approved a ₦10 billion housing loan scheme to improve access to homeownership for civil servants across Nigeria. Announced in Abuja by the Head of the Civil Service of the Federation, the initiative will be implemented through the Federal Mortgage Bank of Nigeria and the Federal Government Staff Housing Loans Board to strengthen worker welfare and productivity.
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Senate Raises Alarm Over Edo Erosion Crisis, Seeks Urgent Federal Action
The Nigerian Senate has raised serious concerns over a worsening erosion crisis in Edo Central Senatorial District, calling for immediate federal intervention to prevent further destruction of infrastructure and livelihoods. The motion, sponsored by Senator Joseph Ikpea, highlights escalating environmental degradation across multiple communities.
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Lagos Clarifies Solar Permit Fees, Limits Policy to Social Housing Estates
The Lagos State Government has clarified that recently introduced solar permit fees apply exclusively to social housing estates and not to private residential or commercial developments. The clarification addresses concerns from stakeholders over potential cost implications for renewable energy adoption across the state..
NESG Calls for Productivity-Driven Policies to Attract Investment in Nigeria
The Nigeria Economic Summit Group (NESG) has called for a decisive policy shift toward productivity-led growth and stronger investment attraction strategies to accelerate Nigeria’s economic transformation. The group stressed that recent macroeconomic stabilisation must now translate into tangible improvements in business performance and inclusive development.
CBN Raises ATM Card Fee to ₦1,500, Scraps Monthly Maintenance Charges
The Central Bank of Nigeria (CBN) has increased the fee for issuing and replacing ATM cards to ₦1,500 while abolishing the monthly maintenance charge previously applied to naira-denominated cards. The changes form part of the apex bank’s updated Guide to Charges for banks and financial institutions.
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