NHF Act: FMBN blames banks, insurance companies for non -compliance
The Federal Mortgage Bank of Nigeria (FMBN) has blamed banks and insurance companies for non-compliance with provisions of the National Housing Fund (NHF) Act since its inception. The FMBN Managing Director, Mr Ahmed Dangiwa spoke on Tuesday in Abuja at a public hearing on “A Motion on the Need to Ensure Full Compliance with the…
FMBN disburses N7billion loans to 800 beneficiaries
The Federal Mortgage Bank of Nigeria (FMBN), has disbursed more than N7billion as mortgage loan to over 800 beneficiaries this year, as part of efforts...
Gemade urges agencies restructuring, alternative funding for housing sector
With the greater percentage of the population still lacking access to decent homes, the Chairman, Senate Committee on Lands, Housing and Urban Development...
FMBN generates N9.5billion in second quarter from NHF collections
The Federal Mortgage Bank of Nigeria (FMBN), has made a total collection of N9.5billion under the National Housing Fund (NHF), and disbursed the sum of N1.12billion to 150 beneficiaries for the second quarter (Q2), 2017.
FMBN boosts housing in seven states with 1,500 units
Amid concerns that a yearly rural-urban migration of over 5 per cent requires 720,000 housing units annually to fill the nation’s housing deficit, Federal Mortgage Bank of Nigeria (FMBN) has uploaded 1,500 housing units into the property market. The units developed by the bank in seven states; namely, Taraba, Kwara, Enugu, Ebonyi, Imo, Nassarawa and…
Fashola inaugurates 100 housing units in Ogbomosho
Mr Babatunde Fashola, the Minister of Power, Works and Housing, has inaugurated 100 housing units in Ogbomosho, Oyo state, a project funded by the Federal Mortgage Bank of Nigeria (FMBN).
NMRC, developers seal deal on housing finance
After a major agreement with Kaduna Government to promote mortgage penetration and home ownership recently, the Nigerian Mortgage Refinance Company (NMRC) has again entered into another deal with estate developers.
Reps probe alleged misuse of N25b import tariff
The House of Representatives has commenced investigations into alleged misappropriation of N25 billion import tariff by the Nigerian Export-Import Bank (NEXIM) Bank.
FMBN commended over NHF disbursement
The Federal Mortgage Bank of Nigeria (FMBN) recently disbursed over N1.4billion to Imperial Homes Mortgage Bank (formerly GT Homes Limited) under the National Housing Fund (NHF) loan scheme.