
👋 Happy Sunday, Valued Readers
Today’s wrap-up edition highlights the key housing and economy headlines that shaped the conversation this past week.
Alongside these top stories, we’ve included a Light Sunday Insight, offering a brief reflection on how these trends are playing out in everyday housing decisions across the country.
Thank you for reading, sharing, and engaging. We hope today’s edition helps you make sense of the week’s developments as you prepare for the days ahead.
Someone just spent $236,000,000 on a painting. Here’s why it matters for your wallet.
The WSJ just reported the highest price ever paid for modern art at auction.
While equities, gold, bitcoin hover near highs, the art market is showing signs of early recovery after one of the longest downturns since the 1990s.
Here’s where it gets interesting→
Each investing environment is unique, but after the dot com crash, contemporary and post-war art grew ~24% a year for a decade, and after 2008, it grew ~11% annually for 12 years.*
Overall, the segment has outpaced the S&P by 15 percent with near-zero correlation from 1995 to 2025.
Now, Masterworks lets you invest in shares of artworks featuring legends like Banksy, Basquiat, and Picasso. Since 2019, investors have deployed $1.25 billion across 500+ artworks.
Masterworks has sold 25 works with net annualized returns like 14.6%, 17.6%, and 17.8%.
Shares can sell quickly, but my subscribers skip the waitlist:
*Per Masterworks data. Investing involves risk. Past performance not indicative of future returns. Important Reg A disclosures: masterworks.com/cd
Most Read News of the week
FX MARKET SNAPSHOT TODAY
USD > NGN | 1,468.26 | Up by 0.04% |
GDP > NGN | 1,976.15 | Up by 0.02% |
EUR > NGN | 1,720.75 | Up by 0.01% |
CAD > NGN | 1,069.02 | Up by 0.00% |
🌤️ A Light Sunday Insight
Quiet Neighborhoods Are Gaining an Edge
Across many Nigerian cities, the definition of a “good location” is subtly changing. Beyond proximity to offices or nightlife, residents are paying more attention to how calm and livable their immediate environment feels.
Noise levels, traffic flow, and general orderliness are starting to influence housing choices more than they did a few years ago. Streets with manageable traffic, fewer commercial disruptions, and predictable daily rhythms are increasingly appealing, even if they sit slightly farther from city centers.
This is showing up in demand patterns. Areas once considered secondary are seeing steady interest simply because they offer a better quality of daily life. Meanwhile, some traditionally popular districts are facing more scrutiny as congestion and noise rise.
Sunday takeaway: In a crowded urban market, peace is becoming a form of value. For many households, a quieter living experience is now worth trading off a shorter commute or a more “popular” address.
Quote of the day:
“Do not wait for the perfect conditions to begin; beginning makes the conditions perfect.” — Alan Cohen
HAVE A GREAT DAY 😃
Produced by: Amarachi Okeke
Want to get involved with NHM?
Have a confidential news tip or story idea? Email [email protected]
Want to advertise to our readers? Click here to learn more
Someone forwarded this to you? Join the list and subscribe here.
