Every year, investors are faced with the same question, Where should I put my money? But in 2026, the question is becoming more nuanced. With interest rates shifting, inflation still influencing purchasing power, technology changing industries and investors becoming more cautious about risk, the smartest investors are looking for quality, diversification, cash flow and long-term resilience. For...
Owning a rental property is one thing, making it work for you is another. For many property investors, the dream is to buy a property, find a tenant, collect rent and watch the investment grow. It sounds simple enough. And on paper, the numbers can be attractive. A property purchased in a desirable location, rented out at a competitive rate, should generate income while potentially appreciating in...
If you have noticed that the money you saved two years ago buys noticeably less today, you have felt inflation. When prices rise and the naira weakens against the dollar, savings sitting in a bank account quietly lose their power. This is why so many Nigerians say, "Put your money in land." There is real truth in that advice. But it is not the whole truth, and buyers who treat it as a guarantee often...
Engr Muttaqha Rabe Darma, PhD, the newly appointed, screened and confirmed Minister for Housing and Urban Development has assummed Office, Monday, April 27th, 2026 Engr Darma promised effective stakeholder engagement, consultations and open door policy towards achieving the Ministry’s mandate and drive reform in the housing sector The Minister expressed his readiness to reposition the Ministry...
The Lagos State Government has automated building approval processes with the deployment of the Electronic Physical Planning Process System (EPPPS) to manage applications digitally across the state.The disclosure was made by the Special Adviser to the Governor on E-GIS and Urban Development, Dr. Olajide Abiodun, in a statement shared on the government’s official Facebook account on Monday.The move marks...
The ECOWAS Bank for Investment and Development (EBID) has approved a total of $266.7 million for strategic projects across West Africa, with $100 million earmarked for the Lagos–Calabar Coastal Highway in Nigeria. The approval was disclosed in a statement published on the Bank’s website on April 2, 2026. EBID noted that the funding was granted during its 95th Board of Directors meeting held on March...
The Federal Mortgage Bank of Nigeria (FMBN) is aiming to strengthen its capital base to N750 billion as part of efforts to expand housing finance in the country. Managing Director and Chief Executive Officer of FMBN, Shehu Osidi, disclosed this while addressing journalists during an event marking his two years in office.Osidi noted that the bank’s current paid-up capital stands at about N2.56 billion, a...
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said that land, buildings and rent are now fully exempted from Value Added Tax (VAT) under the Nigeria Tax Act 2025. Oyedele explained that the new law, which has already commenced, was designed to reduce the cost of housing, encourage investment in real estate and provide relief for tenants and small businesses...
The National Assembly has called for increased and sustained funding for the housing sector, recognising its critical role in economic growth, job creation, and national development. This position was expressed during the 2026 budget defence of the Federal Ministry of Housing and Urban Development before the Senate and House of Representatives Committees. The Senate Committee on Lands, Housing and Urban...
The Banana Island Estate in Ikoyi, Lagos, has halted all short-let operations across the community following a recent security breach linked to suspected criminal activity. In a statement by the executive committee of the Banana Island Property Owners and Residents Association, Lagos, (BIPORAL), the estate said the decision was taken to preserve security, privacy, and the peaceful coexistence of...