In the past week, the naira experienced a mixed performance across various segments, reflecting the Central Bank of Nigeria’s ongoing efforts to stabilise the currency.

The Federal Government has announced plans to audit its housing assets and enhance ground rent collection by establishing Task Teams in each state to improve oversight and accountability.

The Lagos State Government has announced plans to mark illegal buildings on Banana Island for demolition, starting Monday, February 17, 2025.

Fragvest, a real estate investment platform, has secured a $350,000 pre-seed investment from Sthenic Finance & Advisory Limited, marking a significant milestone in its mission to democratize property ownership in Nigeria.

The amount budgeted for personnel costs, including salaries and allowances to state civil servants, has increased from N2.036tn spent in 2024 to N3.87tn in the approved 2025 budget.

The Lagos State Government has allocated funds for urban renewal and technical studies of the Fourth Mainland Bridge as part of its 2025 budget.

Financial Vanguard findings revealed that the increasing apathy to real estate investment by PFAs is due to many factors mainly, arbitrary revocation of Certificate of Occupancy, CoO, by state governments, regulatory bottlenecks, naira depreciation and macroeconomic headwinds.

The Federal Government has announced plans to deliver 100,000 social housing units for vulnerable groups across all 774 Local Government Areas (LGAs).

Nigeria’s exchange rate appreciated significantly in January 2025, gaining N63.72 against the dollar to close at N1,474.78 per dollar on January 31 at the Nigerian Foreign Exchange Market.

The Lagos State government has sealed a deal with the federal government to begin a 68km Green Line rail project connecting Marina, Victoria Island, Lekki Free Trade Zone and Ajah areas of the state.