Mortgage Finance
28 Jan
Loan-to-value (LTV) ratios are a crucial piece of the puzzle in financing. They tell you how much of a property’s value is financed by a loan
15 Jan
The Economic Situation Room, a coalition of 48 civil society groups in Nigeria, has warned that the Federal Government's failure to release funds for completed contracts under the 2024 capital budget is having a devastating impact on businesses and the economy.
14 Jan
The Presidential Project Implementation Team for the #SheIsIncluded Initiative has commended Cross River Governor Bassey Edet Otu, and the wife, Bishop Mrs Eyoanwan Itam Otu
9 Jan
About nine years after the enactment of the Model Mortgage and Foreclosure Law (MMFL), many state governments have not domesticated its provisions to open the flank for mortgage investments in the housing sector
30 Dec
There are concerns that the shortfall in financing home ownership will remain a growing burden on many home seekers if the mortgage industry is not strengthened to provide affordable and decent accommodation.
9 Dec
The Federal Government has emphasised that affordable mortgages and the contributions of the private sector are critical to catalysing housing demand and supply in the country.
4 Nov
In its drive to boost internally generated revenue and provide much-needed economic diversification amid Nigeria’s current financial challen
30 Sep
To address the liquidity gap in Nigeria's finance market, Nigeria Mortgage Refinance Company Plc (NMRC) has received approval for $200 million in funding from the U.S. International Development Finance Corporation (DFC) for affordable mortgage financing.
30 Aug
LagosHoms has presented exit certificates to mortgagors who have completed their payment after 10 years.
The LagosHoms mortgage scheme
26 Feb 2024
The new Managing Director, Federal Mortgage Bank of Nigeria, Shehu Osidi has taken over the affairs of the bank in Abuja, promising to run open, transparent and accountable to meet the housing needs of stakeholders.
12 Feb 2024
The Federal Government has assured of its commitment towards the N500 billion recapitalisation of the apex mortgage firm - Federal Mortgage Bank of Nigeria (FMBN) and facilitation of necessary legislative amendments of relevant housing industry laws including the National Housing Fund (NHF) Act, 1992, FMBN Establishment Act, 1993.
Latest
3 mins ago
Stakeholders have resolved to pursue a unified commitment to realising a policy to help the country maximise its carbon market potential.
3 mins ago
NGX Regulation Limited (NGX RegCo), the independent regulation subsidiary of Nigerian Exchange Group and the Economic and Financial Crimes Commission (EFCC) have called for an enhanced partnership that would pave the way for efficient market surveillance and help combat financial crimes in Nigeria's digitalised capital market.
3 mins ago
Sir: President Bola Tinubu’s recent announcement to unbundle the Nigerian College of Aviation Technology (NCAT), Zaria, Kaduna State, into six geo-political zones is an important landmark in Nigeria’s journey towards true federalism and regionalism, which lies not in the constitutional or institutional structure, but in the society itself.
3 mins ago
Abia State Governor, Dr Alex Otti, has said that his government would build a 40,000 capacity Olympic-standard stadium to ensure that the state’s teams have the facility to host its local and international games.
4 mins ago
Professionals, under the aegis of the Nigerian Institution of Civil Engineers (NICE) Lagos chapter and the Lagos State Materials Testing Laboratory (LSMTL), have stressed the need for Nigerians to use the right professionals to reduce the alarming rate of building collapse.
4 mins ago
The Association of Professional Women Engineers of Nigeria (APWEN) has urged women to take advantage of existing global opportunities in engineering, technology and innovation fields to enhance their career development.
5 mins ago
The United Kingdom is set to become the first country to introduce laws against artificial intelligence tools used to generate sexualised images of children, in an attempt to curb a phenomenon that Home Secretary Yvette Cooper said was increasing.
7 mins ago
One person was confirmed dead, and five others sustained injuries in an auto crash on February 1, 2025, at about 9:00 a.m. near Redemption Camp along the Ibadan-Lagos Expressway, Mowe.
9 mins ago
The former Chairman of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Faculty of Estate Agency and Marketing, Sam Eboigbe, has expressed deep concern over Nigeria’s struggling economy and the rising exchange rate, which he said is negatively impacting the real estate sector.