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The Federal Capital Territory Administration has begun demolishing illegal structures built on plots originally allocated to foreign embassies in Katampe, reinforcing its stance on protecting designated diplomatic zones.
The move signals a broader push to enforce planning regulations in high-value districts, where encroachment, speculative development, and unclear land ownership have increasingly complicated the city’s growth.
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FCTA Demolishes Illegal Buildings on Land Allocated to Embassies in Katampe
The Federal Capital Territory Administration (FCTA) has demolished several illegal structures constructed on plots designated for foreign embassies in Katampe District, Abuja, as part of ongoing efforts to enforce the Abuja Master Plan and protect diplomatic land allocations.
Officials from the FCTA Development Control Department carried out the enforcement exercise after identifying unauthorised buildings erected on land officially reserved for diplomatic missions. Authorities stated that the demolition was necessary to reclaim the plots and ensure that the designated allottees can take possession of their land.
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Lekki Phase I dominates Lagos short-term rental market with ₦93.78bn revenue
Lekki Phase I emerged as the highest-earning short-let submarket in Lagos in 2025, generating ₦93.78 billion in revenue, according to the Lagos Shortlet Market Report 2025 released by Edala Development.
The report tracked 6,398 short-term rental listings across Lagos, with more than 1,000 units located in Lekki Phase I, reinforcing the district’s position as a major hub for short-stay accommodation in the city.
Wike to Unveil New Abuja City Gate During Tinubu’s Third Anniversary Celebrations
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has announced that the Federal Capital Territory Administration (FCTA) will unveil a newly redesigned Abuja City Gate as part of activities marking President Bola Tinubu’s third anniversary in office.
Wike disclosed this in Abuja after inspecting the ongoing reconstruction of the city gate and several other infrastructure projects across the capital. The project is expected to be completed and handed over to the government by the end of May.
Nigeria unable to maximise oil revenue as production remains below capacity
Nigeria is failing to fully benefit from the recent surge in global crude oil prices due to persistent limitations in its oil production capacity, according to economic analysts.
An economist and Group Managing Director of Bristol Investment Limited, Dr. Chijioke Ekechukwu, said Nigeria could have recorded significant economic gains from the current rise in oil prices if the country’s crude production had been operating at optimal levels.
He noted that the global oil market has experienced upward price pressure due to geopolitical tensions, particularly the ongoing crisis in the Middle East, which has disrupted supply expectations and driven prices higher.
Nigeria’s national power supply ‘totally derailed’ amid persistent grid instability
Nigeria’s electricity supply system has been described as “totally derailed,” highlighting growing concerns about the stability and performance of the country’s power sector.
Industry stakeholders and consumer advocates say persistent grid collapses, declining generation capacity, and structural weaknesses in the electricity value chain have significantly undermined the reliability of power supply across the country.
The development reflects broader challenges facing Nigeria’s electricity infrastructure, which continues to struggle with inadequate generation capacity, gas supply constraints, and ageing transmission networks.
Quote of the day:
In property markets, confidence moves capital, but fundamentals determine where it stays.
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