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Mortgage Finance

22 Apr 2019
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...
22 Apr 2019
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.
8 Apr 2019
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…
1 Apr 2019
Stakeholders in the housing sector would gather in New York, United States of America for the second phase of the real estate investment and mortgage finance in Nigeria conference, which holds next month.
18 Mar 2019
A triparite agreement has been reached between the housing corporations, apex mortgage bank and affordable homes focused fund to boost stocks for the low- income earners in the country. The deal between Association of Housing Corporations of Nigeria (AHCN), Federal Housing Authority (FHA), the Federal Mortgage Bank of Nigeria (FMBN) and Family Homes Fund (FHF),…
25 Feb 2019
The Federal Government has explained that the delay in actualizing the 25 housing in Condominium project in Amaisii, Obingwa Local Government Area was due to delay in acquiring the land and paucity of funds. The project is progressing and 18 per cent of the cost has already been released for its execution by the government.…
21 Jan 2019
No fewer than 12 commitments were made recently in the Cote d’Ivoire capital, Abidjan, where more than 29 countries including Nigeria met to shape the development of housing finance across the African continent.
7 Jan 2019
The Federal Government is to commit the sum of N3.7billion into Zuba mass housing project in Abuja to ensure its completion. Managing Director, Federal Housing Authority (FHA), Prof. Mohammed Al-Amin, disclosed this during an inspection of the project site by the Senate Committee on housing also stated that about N6.2 billion has so far been spent on…
31 Dec 2018
The Nigeria Mortgage Refinance Company (NMRC), a Central Bank of Nigeria (CBN)-licensed mortgage liquidity facility with the core mandate of developing the primary and secondary mortgage markets has refinanced mortgage loans totaling N18billion as at December 2018.
24 Dec 2018
For transparency and accountability in the operations of the National Housing Fund (NHF), the Federal Mortgage Bank of Nigeria...
17 Dec 2018
Although, mortgage financing has continued to be a source of worry for operators in the nation’s housing delivery, investors and industry players have projected a positive future. Currently, Nigeria’s mortgage banks charge between 19 and 24 per cent. And this could go higher, depending on the risk volume, which has affected the real estate’s potential…
3 Dec 2018
The Federal Road Safety Corp, FRSC has put in place modalities aimed at providing 20, 000 affordable housing units for its employees.

Latest

11 mins ago
The financial stress index continues to rise just as other key market indicators suggest an extremely fragile growth, data monitored by The Guardian and economists have suggested.
13 mins ago
Hundreds of residents are fleeing Damari community in Birnin Gwari Local Council of Kaduna State, as bandits moving on motorcycles invaded the villages yesterday
16 mins ago
Real estate operatives have expressed worries over the proposed fuel subsidy removal, saying, if put into practice it, will affect the construction and delivery of housing in the country.
16 mins ago
The other day, Alhaji Salihu Abubakar Tanko-Yakasai (95) lamented that no nation spending 80 per cent of its revenue on governance would ever develop. He said “at the moment in Nigeria, 80 per cent of Nigeria’s revenue is expended on bureaucracy, spent on running the administration.
18 mins ago
It is possible that even the former Lagos State governor and leader of governing All Progressives Congress (APC), Asiwaju Bola Tinubu, did not know his singular visit to President Muhammadu Buhari at the Presidential Villa last Monday would cause such political earthquake in the country. Hidden in the visit was all the various issues that…