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Mortgage Finance
Mortgage operatives propose trustees for National Housing Fund scheme
After an initial effort that eventually turned out to be a ‘false start’, a fresh move to facilitate the mobilization of fund for the provision of houses for Nigerians at affordable prices may be in the offing.
19 Mar
FMBN to remove equity payment in estates
19 Mar
In its determination to guarantee affordable housing to Nigerian workers, the Federal Mortgage Bank of Nigeria (FMBN) has vowed to remove equity payments in its completed...
FMBN issues N20.2b mortgages to NHF subscribers
12 Mar
To assist Nigerians buy their own homes, the Federal Mortgage Bank of Nigeria (FMBN) has issued 2,724 mortgages worth N20.237 billion to subscribers under the National Housing Fund (NHF). Minister of Power, Works and Housing, Babatunde Fashola who made this known at the inauguration of newly reconstituted board of the Federal Mortgage Bank of…
Firm introduces ‘affordable’ Xizi elevators
5 Mar
Lagos-based firm, Eliel Jerahmeal Nigeria Limited has entered into partnship with one of the leading elevator company, Xizi Elevator, to promote industry user and affordable rate.
FMBN issues N20.2b mortgages to NHF subscribers
5 Mar
To assist Nigerians buy their own homes, the Federal Mortgage Bank of Nigeria (FMBN) has issued 2,724 mortgages worth N20.237 billion to subscribers under the National Housing Fund (NHF).
CBN enlists 34 mortgage banks, others for 'My Own Home’ scheme
5 Feb
Following plans to introduce a public private partnership scheme that seeks to increase access to housing finance, the Central Bank of Nigeria (CBN) has selected 34 primary mortgage banks and four commercial banks to stimulate housing finance for low-income earners in the formal and informal sectors.
MBAN, operators plan non-interest mortgages, lobby for intervention fund
29 Jan
Gearing up for a veritable funding source for the sub-sector, mortgage operators have moved to explore the suitability, applicability and the possibility of adopting the non-interest mortgages to unlock the potentials of the Sukuk model.
Four states adopt NMRC’s draft mortgage foreclosure law
25 Dec
Hopes of realizing the mortgage-backed housing dream brightened recently, following the adoption of the Nigeria Mortgage Refinance Company (NMRC) pioneered draft model mortgage foreclosure law by four states in the country.
Stakeholders urge repeal of FMBN Act
18 Dec
Stakeholders in mortgage industry have called for the repeal of the existing Act establishing Federal Mortgage Bank of Nigeria (FMBN) to give room for its comprehensive re-establishment and strengthening of its board. They also sought for the establishment of Institute of Mortgage Brokers and lenders of Nigeria (IMBLN) for the regulation of the sector’s activities…
Lagos High Court hears suit on Ikeja mortgaged property
13 Nov
Legal battle over the soul of the landed property situate at 5, Oduduwa Street, GRA Ikeja, Lagos between the Administrators of the Estate of the late Samuel Iyiola Omotoso, Ecobank Nigeria Plc and Registrar of Titles, Lagos State resumed today,....
Bad loans push Shelter Afrique to $2.16m loss
13 Nov
Troubled mortgage lender Shelter Afrique has reported a $2.16 million net loss for the six months ended June, compared to a net profit of $1.65 in the same period a year ago on the back of increased provisions for bad loans.
Rivers partners developer in 3,000-unit estate
6 Nov
On his part, the Chief Executive Officer of Sammya Nigeria Limited, Mr. Sammy Adigun, said their priority is to deliver quality job on schedule, while he promised to mobilize to site within the next three weeks.
Real estate pros advocate stratified sector for affordable housing prices
6 Nov
They spoke at the 2017 yearly Real Estate Unite summit in Lagos, according to them, there is still huge opportunities for the real estate industry if the right things are done.
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