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Nigeria’s broad money supply climbed to N138.78 trillion in July 2026, representing a 16% increase from N119.89 trillion a year earlier, despite the Central Bank of Nigeria’s continued efforts to tighten liquidity. The increase highlights the complex monetary conditions facing businesses and households as the CBN seeks to balance economic growth with inflation control.
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Nigeria’s Money Supply Hits N138.78tn Despite Tight CBN Policy
Nigeria’s broad money supply rose to N138.78 trillion in July 2026, representing a 16% year-on-year increase from N119.89 trillion recorded in July 2025, according to the latest monetary statistics from the Central Bank of Nigeria (CBN).
Nasarawa Receives 129 Federal Housing Units as FG Expands Homeownership Drive
The Federal Government has handed over 129 housing units to beneficiaries at the Nasarawa Technology Village in Karu, Nasarawa State, as it intensifies efforts to expand access to affordable housing across the country.
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Eight Feared Trapped as Two-Storey Building Collapses in Ilorin
At least eight people are feared trapped after a two-storey building collapsed in Ilorin, Kwara State, in the early hours of Tuesday, 1 September 2026. The incident occurred at about 5:30 a.m. around Popo-Giwa, in the Mosalasi Gogoro area off Ajikobi Road, within Ilorin West Local Government Area. Emergency responders were mobilised to the scene as residents and officials began searching through the rubble for those trapped inside.
Lagos Shortlet Boom Intensifies Competition as Rising Supply Pressures Operators
Lagos' shortlet property market is facing increasing competitive pressure as more apartments enter the sector, forcing operators to focus on occupancy, operating costs, marketing and service quality to remain viable.
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Real Estate Stakeholders Urged to Prioritise Integrity and Quality
Real estate stakeholders have been urged to uphold higher standards of integrity and quality as Nigeria's property industry continues to expand. The call was made by Nicolas Bibiem, popularly known as Nick B, organiser of the Shelter Awards, at the maiden edition of the awards ceremony held in Abuja. The event recognised real estate practitioners and highlighted the importance of professional standards within the sector.
Ogun Property Owner Petitions Governor Over 20-Year Land Dispute
Nigeria could see a gradual reduction in interest rates in the coming months if improvements in foreign exchange and liquidity conditions continue, George Onafowokan, Managing Director and Chief Executive Officer of Coleman Technical Industries Limited, has said.
Quote of the day:
“Progress begins the moment systems replace shortcuts, and accountability becomes the standard.”
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