Federal Mortgage Bank of Nigeria
17 Dec 2018
Nigeria’s leading mortgage institution, the Federal Mortgage Bank of Nigeria (FMBN) has disbursed housing loans totaling N40.9 billion to 1,843 National Housing Fund (NHF) contributors. The bank has also provided home renovation loans totaling N14.072billion to 16,031 Nigerian workers, and processed N12.4billion refunds to contributors and registered 224,752 to the fund. The figures was released…
26 Nov 2018
In less than two years, the Federal Mortgage Bank of Nigeria (FMBN) has recovered N5.4billion bad loans from debtors. The loans - N2.4billion and N3billion were recovered in 2017 and 2018 respectively. FMBN Managing Director, Ahmed Dangiwa, an architect revealed that the bank used the services of recovery agents, who also restructure some debtors loans…
30 Jul 2018
The Managing Director/Chief Executive Officer of the Federal Mortgage Bank of Nigeria (FMBN), Ahmed Musa Dangiwa has been named 2018 Mortgage Finance Person of the Year in the male category.
9 Jul 2018
Contributors to the National Housing Fund (NHF) may soon heave a sigh of relief as the Federal Government is set to deliver 112 units of one and two bedroom flats in Sedona estate in the Ikorodu axis of Lagos State. The N667 million project is a ministerial pilot housing scheme that has been conceived…
25 Jun 2018
There are growing concerns that the delay in Nigeria judicial process, especially in commercial matters has compounded the inadequate housing for Nigerians. The agitations on housing deficits date back to 1991, when Nigeria was said to have housing deficit of seven million units.
7 May 2018
Amid cconcerns that some contributors to the National Housing Fund (NHF) have not been able to access loans, the Federal Mortgage Bank of Nigeria (FMBN) has assured Nigerians that the amendment of the enabling legislations in the scheme would make it more robust and beneficial. Accordingly, the bank explains that the objective is to expand…
5 Mar 2018
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).
18 Dec 2017
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…
21 Sep 2017
The Federal Mortgage Bank of Nigeria (FMBN), is collaborating with the Federal Inland Revenue Service (FIRS), to enlist all corporate organisations to key into contributing to the National Housing Fund (NHF) Scheme.
10 Aug 2017
Managing Director of FMBN, Ahmed Dangiwa, disclosed this while presenting cheque to the beneficiaries of the scheme to mark the 2017 Africa Civil Service week.
24 Jul 2017
A tentative outlines of the shape of things to come for housing and settlements development in Nigeria may have started to emerge, as key stakeholders last week ended it’s talk shop and endorsed a workable guide for the beleaguered sector in Abuja.
8 May 2017
For The Vice President, Nigerian Institute of Building (NIOB), Mr. Kunle Awobodu, more efforts should be concentrated in tackling the bottlenecks associated with access to mortgages.