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Nigeria’s housing sector reached a significant milestone as the Federal Government announced that the Renewed Hope Housing Programme has delivered, completed, or advanced more than 100,000 housing units nationwide. President Bola Tinubu highlighted the achievement while commending the Minister of Housing and Urban Development, Ahmed Dangiwa, for driving reforms and accelerating project delivery. The milestone underscores the administration’s efforts to expand affordable housing, stimulate construction activity and strengthen the sector’s contribution to economic growth.
Tinubu Hails Renewed Hope Housing Milestone as 100,000 Homes Near Delivery
President Bola Ahmed Tinubu has praised the achievements recorded under the Renewed Hope Housing Programme, commending the Minister of Housing and Urban Development, Ahmed Musa Dangiwa, for his leadership in advancing housing delivery and implementing reforms aimed at addressing Nigeria’s housing deficit.
REDAN Calls for Stronger Collaboration to Address Climate Change Risks in Housing
Nigeria’s commercial real estate sector is undergoing a notable transformation as businesses increasingly embrace flexible workspaces and managed office solutions in response to changing workplace dynamics, cost pressures and evolving operational requirements. The trend is reshaping demand across key office markets, particularly in Lagos and Abuja, where occupiers are seeking greater flexibility than traditional long-term leases provide.
Finance Ministry, Contractors Clash Again Over Outstanding Government Debts
A fresh dispute has emerged between the Federal Ministry of Finance and indigenous contractors over the payment of outstanding government debts, highlighting ongoing challenges in settling obligations tied to completed public projects. While the Federal Government says it has accelerated payments and approved substantial funds for verified claims, contractors argue that a significant proportion of members remain unpaid and continue to face severe financial pressure.
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FCMB Approves ₦23.08 Billion Dividend as Profit Rises 81%
FCMB Group Plc has approved a dividend payout of ₦23.08 billion to shareholders following a strong financial performance that saw profit rise by 81% during the 2025 financial year. The announcement reflects the group's continued earnings growth and reinforces its commitment to delivering value to investors amid an evolving economic environment.
Jim Ovia: Real Estate Delivers Higher Returns Than Banking
Nigerian business leader and Zenith Bank founder, Jim Ovia, has described real estate as a more profitable venture than banking, pointing to the significant value created through strategic property investments over the years. His remarks offer fresh insight into the investment philosophy of one of Nigeria’s most successful entrepreneurs and highlight the growing importance of real estate as a wealth creation asset..
FG to Launch Nigeria Deal Room to Convert Investment Opportunities into Bankable Projects
The Oyo State Government has demolished a building allegedly used by kidnappers involved in the abduction of Mrs Olaide Busayo Adegoke John-Paul, the sister of former Minister of Power, Chief Adebayo Adelabu, and her 12-year-old twin sons. The demolition took place less than 48 hours after security operatives successfully rescued the victims during a coordinated operation in Ibadan. The state government said the action demonstrates its commitment to combating kidnapping and dismantling criminal infrastructure across Oyo State.
Quote of the day:
“Progress begins the moment systems replace shortcuts, and accountability becomes the standard.”
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