Court reverses suspension of FHA Homes MD
The National Industrial Court sitting in Abuja has reversed the suspension of the Managing Director of FHA Homes Limited, Roland Igbinoba.
Mortgage industry’s low profitability level discourages investors
The Federal Mortgage Bank of Nigeria (FMBN) is the custodian of NHF while Primary Mortgage Banks (PMBs) are the conduits through which the funds are disbursed to individual beneficiaries.
FG engages 653 contractors for mass housing scheme
The projects planned in 33 states are part of the National Housing programme’s pilot scheme, which is at various stages of completion. Among those employed for the housing projects are artisans.
NatanelFlorens plans 250,000-unit rent-to-own houses
Executive Director, Funds and Investment, NatanelFlorens, Mr. Oguche Agudah, said in Lagos that the initiative was a free advisory campaign to aid investment and investors in the entire value chain of the property market.
Nigeria showcases mortgage market system at U.S. summit
The Nigeria Mortgage Refinance Company Plc (NMRC) was amongst the 800 participants consisting of government and business leaders that attended the Corporate Council on Africa (CCA) U.S. and Africa Business Summit hosted in Washington DC .
Can low-income earners build a home?
Sam Odia, the Chief Executive Officer, Millard Fuller Foundation (MFF), “Affordability is determined by a number of factors, key of which are the income level of the buyer, the cost of land, materials and labour that go into building the house and the cost of funds.”
Engineers seek more funding for nation’s infrastructure
According to them, Nigerian Local Content Act popularly called “NOGICD Act 2010” was a major change agent for engineering design by increasing the domiciliation of engineering to over 55per cent from 5 per cent.
Firms, groups tap into German social housing model
The innovative collaborative move involved a team of Nigerian development stakeholders visiting the City of Munich, Germany to expand knowledge on affordable, social and cooperative housing approaches.