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…

No fewer than three building and civil engineering firms have been selected to pilot the National Affordable Housing Delivery Programme (NAHDEP) in Abia State. The programme handled by Federal Mortgage Bank of Nigeria (FMBN) in collaboration with labour unions- Nigeria Labour Congress, Trade Union Congress and Nigeria Employers Consultative Association will be located at Ubani…

The most comprehensive effort yet, towards decreasing the housing gap in six States is now underway, with the apex mortgage agency and labour unions backing the scheme.Named ‘National Affordable Housing Delivery Programme for Nigerian Workers’, the Federal Mortgage Bank of Nigeria ...

The Federal Mortgage Bank of Nigeria (FMBN) and leading labour unions have agreed to begin the implementation of a national affordable housing programme for workers.

In a renewed effort to make homeownership more accessible and affordable for Nigerian workers, Federal Mortgage Bank of Nigeria (FMBN) has kick-started the implementation of a rent-to-own housing scheme.

The Federal Mortgage Bank of Nigeria (FMBN), has commenced the implementation of the new approved conditions for accessing loans from the National Housing Fund (NHF).

The Chairmen and Chief Executive Officers of Dangote and BUA Groups of Companies, Alhaji Aliko Dangote and Alhaji Abdul Samad Isyaku Rabiu have expressed strong willingness to partner...

The World Bank and Central Bank of Nigeria (CBN) have initiated collaborations in efforts to review the existing Land Use Act laws and create enabling environment for the mortgage...

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…

As part of efforts to resolve massive rural-urban drift, the Minister of State, Federal Ministry of Power, Works & Housing; Alhaji Suleiman Hassan Zarma has charged housing stakeholders...

Primary Mortgage Bank (PMB), ASO Savings and Loans Plc, has commissioned the phase 1 of its estate in Karsana, Abuja. It also fully financed it.

In its determination to guarantee affordable housing to Nigerian workers, the Federal Mortgage Bank of Nigeria (FMBN) has vowed to remove equity payments in its completed...