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Good Morning,

The MOFI Real Estate Investment Fund (MREIF) recorded a profit after tax of ₦14.49 billion in the first half of 2026, underscoring the growing momentum behind Nigeria's housing finance market. The strong performance highlights increasing investor participation in the government-backed fund, which was established to mobilise long-term capital for affordable housing delivery and mortgage financing across the country.

MOFI Real Estate Investment Fund Posts ₦14.49bn Profit in H1 2026

The MOFI Real Estate Investment Fund (MREIF) recorded a profit after tax of ₦14.49 billion for the first half of 2026, underscoring growing investor confidence in institutional housing finance and the expanding role of structured investment vehicles in addressing Nigeria's housing deficit. The strong financial performance builds on the fund's first-quarter results and reflects continued growth in mortgage financing, asset expansion and investment income.

UH Real Estate Investment Trust Delivers ₦518.5m Half-Year Profit

UH Real Estate Investment Trust (UH REIT) recorded a net profit of ₦518.5 million for the six months ended 30 June 2026, reflecting stronger earnings from its real estate investment portfolio and reinforcing investor confidence in Nigeria's listed real estate investment trust (REIT) market. The improved performance highlights the resilience of income-generating property assets despite a challenging macroeconomic environment.

Power Sector Relief as FG Settles ₦330bn Debt, Launches ₦729bn Bond Programme

The Federal Government has paid ₦330 billion to electricity generation companies (GenCos) and issued ₦729 billion in bonds to investors as part of efforts to improve liquidity across Nigeria’s power sector. The intervention aims to address longstanding payment obligations within the electricity value chain, enhance market stability, and support broader economic activities that depend on reliable power supply.

Little Known RMD Strategy Allowed by the IRS

For investors with $1M+ in retirement accounts, the tax code allows specific strategies that can reduce your tax exposure once RMDs begin—but only if used before then. 

The window is open for anyone within ten years of 73. A fiduciary advisor can review which may apply, at no cost.

NIHSA Issues Flood Alert for 17 States, Orders Immediate Evacuation of At-Risk Communities

The Nigeria Hydrological Services Agency (NIHSA) has placed 17 states on medium flood alert following rising water levels across key river monitoring stations, warning that communities located along floodplains face an increased risk of localised flooding between July 21 and July 27, 2026. The agency has directed immediate evacuation of residents in high-risk areas while urging emergency management authorities to activate response measures to minimise loss of lives and property.

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Cardoso: Naira Needs Competition, Not Protection to Drive Economic Growth

Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has reaffirmed the apex bank's commitment to a market-driven foreign exchange regime, stating that the naira requires competition rather than protection to achieve long-term stability. Speaking on Nigeria's exchange rate policy, Cardoso said the CBN would continue to support a transparent and liquid foreign exchange market instead of defending the currency through administrative controls or a fixed exchange rate.

NIWA Seeks Police Support to Demolish Illegal Jetties, Tighten Waterway Safety

The National Inland Waterways Authority (NIWA) has intensified efforts to eliminate illegal jetties and unsafe water transport operations across Nigeria by seeking additional support from the Nigeria Police Force to strengthen enforcement. The initiative forms part of a broader strategy to improve safety, enforce regulatory compliance and modernise the country's inland waterways infrastructure.

Quote of the day:


“Progress begins the moment systems replace shortcuts, and accountability becomes the standard.”

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