General
FMBN Finances 27,584 Housing Units to Cut Deficit
By Adedapo Adesanya
In a bid to address the housing deficit in Nigeria, the Federal Mortgage Bank of Nigeria (FMBN) has said it was targeting affordable home ownership for the Low and Medium Income (LMI) market segment.
Managing Director of FMBN, Mr Ahmed Dangiwa, said this during the ongoing National House Fair 3.0 in Abuja themed New Economy: Amplifying the Impacts and Possibilities of Real Estate Utilising Technology.
“The future growth and development of the Nigerian housing sector, especially the mortgage sub-sector, is predicated on expanding housing access and availability for the middle class,” Mr Dangiwa said.
He noted that the LMI segment accounted for about 90 percent of the Nigerian population and that with government assisted funds, it would be possible to improve affordability for the middle-income market.
He revealed that the National Housing Fund had on board 4,927,407 contributors and 23,387 organisations registered through the bank and has disbursed N226.6 billion as loan through the National Housing Fund (NHF).
“Construction of 27,584 housing units financed to date, 20,591 NHF mortgage loans granted to NHF contributors while 27,247 housing micro-loans of N28.9 billion disbursed and more than N31.1 billion was refunded to 273,485 retirees,’’ Mr Dangiwa said.
Mr Dangiwa further said that the adoption of a multi-dimensional approach to housing finance in Nigeria must be encouraged and also called on the need to strengthen government institutions in order to deliver assist-funding and collaboration among relevant stakeholders.
On her part, the Convener of the fair and Managing Director, Bstan Mortgage and Cooperation, Mrs Becky Damilola-Oke, said that inadequate housing could affect the security, physical health and privacy of man.
Mrs Damilola-Oke said that housing policy was a tool that was used in town planning for solving housing problems and consequently for the achievement of sustainable housing.
She said that town planning focuses on spatial arrangement of urban and rural land use for the purpose of creating orderly, economical and functional efficient.
Mrs Damilola-Oke said that policy instrument was one of the ways of tracking housing problems and said that the new economy could be used to embrace housing-technology innovations.
General
Dangote Unveils Phone Number to Report MRS Stations Selling PMS Above N739
By Modupe Gbadeyanka
A hotline number, 0800 123 5264, for Nigerians to report any MRS Oil Nigeria Plc filling stations selling Premium Motor Spirit (PMS), commonly known as petrol, above the approved pump price of N739 per litre, has been released by Dangote Petroleum Refinery.
The private refiner said the number was now active nationwide, enabling consumers to promptly report violations and help maintain fair pricing across over 2,000 MRS stations.
This measure follows the refinery’s recent commencement of nationwide PMS sales at N739 per litre—a strategic intervention aimed at stabilising fuel prices and easing the financial burden on Nigerians during the festive season.
“We encourage Nigerians to avoid purchasing PMS at inflated prices when locally refined fuel is available at N739 per litre.
“Report any MRS station selling above this price by calling our hotline. Together, we can ensure that the benefits of this price reduction reach every consumer,” the company stated in a statement.
The organisation stressed its mission to deliver affordable, high-quality fuel while safeguarding national economic interests, reaffirming its commitment to steady supply, backed by a guaranteed daily output of 50 million litres, and warned against attempts to create artificial scarcity or manipulate supply.
Regulatory authorities have been urged to remain vigilant and take decisive action against unpatriotic practices.
By refining locally at scale, Dangote Refinery is reducing Nigeria’s dependence on imports, conserving foreign exchange, stabilising the Naira, and strengthening energy security. This initiative represents a significant milestone in the country’s journey toward sustainable energy solutions and economic recovery.
The refinery also issued a stern warning against attempts by unscrupulous operators to create artificial scarcity in response to the price reduction, calling on government agencies to act decisively.
“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable. We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the statement added.
Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.
General
ANLCA Airport Chapter Scores Salamatu High on Stakeholder Engagement, Trade Facilitation
By Bon Peters
The Airport Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA) at Omagwa Rivers State has praised the Customs Area Controller for Customs Area 1 Command, Comptroller Salamatu Atuluku.
At the end-of-the-year party attended by stakeholders, including the leader of the association’s chapter, Mr Charles Onyema, said the customs officer has done well in stakeholder engagement and trade facilitation.
At the event held last Friday, he said his association has been enjoying a very cordial relationship with other organisation in the ecosystem.
“You can see what is happening today, everybody is working together and our operations here are seamless,” he noted.
He stated that apart from creating a very robust business environment for his members and other stakeholders to operate, he has taken a decision to build and commission a befitting ANLCA Secretariat which would be completed soon and be commissioned by the ANLCA national president, Mr Emenike Nwokeoji.
The ANLCA chapter chief said since “Comptroller Salamatu Atuluku assumed office at Customs Area 1, Port Harcourt Command, it has been a different ball game, facilitating trade and increasing Revenue generation.”
“I remember I told her she was a mother during her maiden visit to the airport.
“You know when you have a woman in charge of an affair, food will not lack, compassion will not lack and motherly love will not lack.
“She is very wonderful in stakeholder engagement, revenue generation and trade facilitation,” Mr Onyema enthused.
Projecting into the future, Mr. Onyema said the year 2026 would be better for his members, adding that he has advised them on financial discipline which he said would help them during the trying period.
General
FG Declares Holidays for Christmas, New Year Celebrations
By Adedapo Adesanya
The federal government has declared Thursday, December 25, and Friday, December 26, 2025, as public holidays to mark Christmas and Boxing Day respectively.
The government also declared Thursday, January 1, 2026, for the New Year celebration.
The declaration was contained in a statement issued on Monday by the Permanent Secretary of the Ministry of Interior, Mrs Magdalene Ajani, on behalf of the Minister of Interior, Mr Olubunmi Tunji-Ojo.
According to the statement, the Minister urged Nigerians to reflect on the values of love, peace, humility and sacrifice associated with the birth of Jesus Christ.
Mr Tunji-Ojo also called on citizens, irrespective of faith or ethnicity, to use the festive season to pray for peace, improved security and national progress.
He further advised Nigerians to remain law-abiding and security-conscious during the celebrations, while wishing them a Merry Christmas and a prosperous New Year.
Business Post reports that on these public holidays – the foreign exchange market, the Nigerian Exchange (NGX), as well as the NASD Over-the-Counter (OTC) Securities Exchange will not open to trade.
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