Determined to create an enabling environment for affordable housing and mortgage creation, Nigeria Mortgage Refinance Company Plc (NMRC) has sealed a tripartite agreement with the Kaduna State Government (KDSG) and FHA Mortgage Bank that will boost the state’s mortgage scheme.
How CBN’s mortgage interest rate cap removal will impact housing delivery
This might not be the best of times for prospective homeowners and developers, following the apex bank’s recent removal of interest cap rate on mortgage finance for primary mortgage banks in the country.
TOPREC inducts 139, as NITP plans summit
About 139 town planners have been inducted by its regulatory body, Town Planners Registration Council (TOPREC) and charged to uphold the highest professional standard.
Akwa Ibom to partner FMBN in workers’ low-cost housing
Akwa Ibom State Governor, Mr. Udom Emmanuel, has pledged to work with the management of Federal Mortgage Bank of Nigeria (FMBN), to ensure that low and medium-income workers in the state own houses at retirement.
NMRC optimistic on economy as mortgage refinancing hits N17 billion
Nigeria Mortgage Refinance Company Plc (NMRC) published its Annual Reports and Accounts for 2018 at its Annual General Meeting held at the Eko Hotel, Victoria Island, Lagos.
Mortgage firms jittery over plan to increase banks’ capital base
Like a heavy cloud, a deep sense of disquiet now hangs over the mortgage sector, following new proposal by the Central Bank of Nigeria (CBN) to increase the capital base of banks. The CBN Governor, Godwin Emefiele, had recently laid out his five-year policy thrust that includes recapitalising the banking industry, so that banks can…
FMBN disburses N132.5m housing loan to Lagos workers
Apex mortgage institution, Federal Mortgage Bank of Nigeria (FMBN) has disbursed a total of N23.3billion under its (HRL) Home Renovation Loan scheme. Out of this, N132.520 million has been given to members of Lagos State Public Servant Housing Cooperative. FMBN Managing Director, Ahmed Dangiwa who made this known during the presentation of the symbolic cheque…
Nigerian mortgage, property sector set to tap into diaspora market
Key stakeholders in the real estate and housing finance sector of the Nigerian economy are set to hold a two-day conference/exhibition in London.Tagged “Home Ownership and Property Investment in Nigeria Made Easy” for Nigerians in the United Kingdom and the Europe....
NIQS urges government to establish construction industry board
The Nigerian Institute of Quantity Surveyors (NIQS) has attributed increased cases of building collapse to defective construction laws in the country.NIQS President, Obafemi Onashile, who spoke at the just concluded Southeast zonal two-day workshop, with the theme...
FMBN disburses N58 billion to 23,600 beneficiaries in 24 months
The Management of the Federal Mortgage Bank of Nigeria (FMBN) has recorded historic improvements in the speed and scale of its mortgage loan operations, in its determination to improve service delivery and extend access to its affordable housing to Nigerian workers.
Stakeholders urge government to focus on affordable housing
With the population outstripping available homes, stakeholders in the industry have asked government to focus more on the provision of quality and affordable housing. They canvassed for houses that meet people’s standards and delivered in record time, without the usual bottlenecks associated with acquiring properties in the country. The experts spoke at the 7th edition…