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Contrary to expectations driven by macroeconomic headwinds, prime real estate corridors in Lagos, including Ikoyi, Victoria Island and Ikeja, have recorded robust occupancy rates and notable rent increases across office and residential segments. Market data show that despite inflationary pressures and hybrid work trends, demand for premium property in Nigeria’s commercial hub remains solid.

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Osun State Governor Ademola Adeleke has awarded the 55.6 kilometre Osogbo-Iwo-Ibadan road project to three different contractors as part of a strategy to accelerate delivery and adhere to timelines for one of the most significant transportation corridors in the state. The announcement followed an on-the-spot assessment of ongoing road works, signalling a renewed focus on key infrastructure development within the state.

Dangote Cement Plc has become the first corporate issuer to list commercial papers (CPs) on the Nigerian Exchange Limited (NGX), marking a milestone in the development of Nigeria’s short-term debt capital market. The listing, which took effect on 18 February 2026, involves two tranches with a combined value of ₦119.87 billion, under the company’s broader ₦500 billion CP issuance programme.

The Lagos State Waste Management Authority (LAWMA) has reported significant improvements in waste collection efficiency following a series of targeted reforms and infrastructure upgrades. Managing Director Dr Muyiwa Gbadegesin outlined these developments during a recent visit to the News Agency of Nigeria (NAN) office in Lagos, emphasising expanded operations, enhanced logistics and strengthened stakeholder engagement as key drivers of performance gains.

A Nigerian national, Matthew Akande, has been ordered to pay $1.39 million in restitution following his conviction for tax fraud in the United States. The ruling, delivered by a U.S. federal court, forms part of ongoing enforcement actions by the United States Department of Justice and the Internal Revenue Service against fraudulent tax refund schemes.

US President Donald Trump has raised global tariffs to 15% after a legal setback at the Supreme Court of the United States, signalling a renewed escalation in US trade policy. The decision sets a new baseline tariff rate on imports and carries significant implications for global supply chains, inflation dynamics, and international trade relations. The move follows a ruling that limited aspects of the administration’s earlier tariff framework, prompting the White House to recalibrate its strategy within the boundaries set by the court.

_{^{Produced by: Amarachi Okeke}}