Since its inception in 1992, the Federal Mortgage Bank of Nigeria (FMBN) has disbursed a total of N455.13 billion in loans under the National Housing Fund (NHF), of which N29.5 billion was distributed between January and October 2024 alone.

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.

The Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Shehu Osidi, said that they have secured N100 billion off-takers'guarantee for affordable housing with the support of partners. Osidi dropped the hint at Africa Housing Awards 2024 in Abuja, explaining that the amount will facilitate the development of the Renewed Hope Cities and Estates…

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.

The Federal Mortgage Bank of Nigeria (FMBN) said it is working towards establishing a digital National Mortgage Assets Registry following a directive of the National Council on Land to collate mortgage asset records across the country. FMBN Managing Director, Shehu Osidi, stated this when receiving the Secretary General of the International Union for Housing Finance…

The Nasarawa State Government has partnered with the Federal Mortgage Bank of Nigeria (FMBN) to purchase 141 housing units for off-takers under the rent-to-own scheme, which will be applicable to civil servants in the state. The state's Deputy Governor, Dr. Emmanuel A. Akabe, revealed this development when leading a delegation to the FMBN Headquarters in…

The Federal Mortgage Bank of Nigeria (FMBN) has dissociated itself from claims linking it to a N40 million mortgage pre-financing scheme promoted by Housing Exchange Africa (HXAfrica).

Experts are to dissect the financial and regulatory challenges in the way of achieving the Federal Government’s Renewed Hope Agenda on Housing at the forthcoming yearly 2024 Property and Environment Writers Association of Nigeria (PEWAN) conference in Lagos.

The Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Shehu Osidi, has stated categorically that the institution has concluded arrangements to increase its loan limit from ₦15 million to ₦50 million soon. Osidi made this disclosure during the House Committee on Housing and Habitat oversight visit to the bank in Abuja. He explained…

Experts in Nigeria's housing sector are set to provide insights into the financial and regulatory challenges in achieving the Federal Government's Renewed Hope Agenda on Housing at the forthcoming 2024 edition of the Property and Environment Writers Association of Nigeria (PEWAN) annual conference in Lagos. The conference, themed "Resolving the Financial and Regulatory Dilemma in…

The Federal Mortgage Bank of Nigeria (FMBN) has disassociated itself from claims linking it to a N40 million mortgage pre-financing scheme

The Federal Mortgage Bank of Nigeria (FMBN) has publicly disclaimed any association with a N40 million mortgage pre-financing scheme promoted by Housing Exchange Africa (HXAfrica). In an official statement released on Saturday, FMBN clarified that it has not entered into any formal partnership or endorsed any arrangement with HXAfrica for the purported mortgage initiative. Virginia…