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Today’s edition highlights key signals shaping Nigeria’s economy and property market. We look at shifting external balances, major corporate and energy sector moves, government reassurances to investors, and policy developments that influence confidence, capital flows, and long-term housing demand. Together, these updates offer a clear snapshot of where risks are rising and where stability is being reinforced as 2026 approaches.
Nigeria Takes a Data First Approach to Measuring Its Housing Deficit
The Federal Government has announced plans to launch a National Housing Data Centre, a move aimed at bringing clarity, accuracy, and consistency to how Nigeria measures its housing deficit and broader housing market performance.
Nigeria Confirms New Tax Reform Laws to Take Effect January 2026
The Federal Government has reaffirmed that Nigeria’s newly passed tax reform laws will take effect from January 2026, dismissing speculation that implementation may be delayed or reversed. The confirmation signals a decisive push to restructure the country’s tax framework as part of broader fiscal and economic reforms.
FX MARKET SNAPSHOT TODAY
USD > NGN | 1,466.33 | Up by 0.33% |
GDP > NGN | 1,982.04 | Up by 0.05% |
EUR > NGN | 1,726.52 | Up by 0.00% |
CAD > NGN | 1,071.55 | Up by 0.02% |
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Economy Watch
Nigeria Records Smaller Current Account Surplus in Q3 2025
Nigeria recorded a significant slowdown in its external balance position in the third quarter of 2025, as the country’s current account surplus fell sharply to $3.42 billion, representing a 41 percent decline compared to the previous quarter.
The current account reflects how a country earns and spends foreign currency through trade in goods and services, income flows, and transfers. While Nigeria remained in surplus during the quarter, the scale of the drop highlights increasing pressure on the country’s external accounts.
Nigeria–US Joint Operation Focuses on Terrorism, Not Economic Targets, Says Finance Minister
Nigeria’s Finance Minister has reassured both domestic and international investors that the recently announced joint operation between Nigeria and the United States is strictly focused on combating terrorism and enhancing security, and is not intended to disrupt economic activity or target financial markets.
With concerns circulating around the possible economic implications of increased security cooperation, the minister emphasised that the operation’s mandate centres on addressing insurgency and violent extremism, safeguarding citizens, and strengthening regional stability. The reassurance speaks directly to investor confidence at a time when economic sentiment is highly sensitive to geopolitical developments.
Femi Otedola Sells Majority Stake in Geregu Power in $750 Million Deal
Prominent Nigerian businessman Femi Otedola has completed the sale of a majority stake in Geregu Power in a transaction valued at $750 million. The move marks a significant shift in ownership within one of Nigeria’s key electricity generation assets and reflects evolving investment patterns in the power sector.
The deal represents a major liquidity event for Otedola and his investment interests, as well as a strategic moment for Geregu Power’s future direction. By divesting a controlling interest, Otedola has opened the door for new partners to influence the company’s growth trajectory and participation in Nigeria’s energy landscape.
Quote of the day:
“Success is not final, failure is not fatal: it is the courage to continue that counts.” Winston Churchill
Risk Warning - Tuesday
Do not underestimate liquidity risk when investing in property or long-term assets.
Real estate is not a liquid investment. In uncertain economic conditions, the ability to exit an investment quickly can matter as much as potential returns. Properties can take months or even years to sell, especially if market sentiment shifts or financing tightens. Before committing capital, assess how easily you could exit the investment if your circumstances change. Consider emergency cash buffers, realistic selling timelines, and whether rental income alone can sustain the asset during slower market periods. Liquidity planning is often overlooked, but it is critical during market stress.
Avoid over-leveraging based on optimistic income or rental assumptions.
Borrowing can amplify returns, but it also magnifies risk when cash flows fall short. Rental income projections, salary growth expectations, or business earnings may not materialise as planned. Interest rates, maintenance costs, and taxes can also rise over time. Stress-test your finances under less favourable conditions, such as lower occupancy, delayed rent payments, or higher expenses. A conservative leverage strategy may limit upside, but it significantly improves resilience when markets turn.
Produced by: Amarachi Okeke
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