As real estate shrinks, construction sector grows Nigeria’s GDP
Construction and related industries are together responsible for more than 10 per cent of Nigeria’s Gross Domestic Product (GDP) in the first quarter of 2020
Worries as states fail to back mortgage foreclosure law
Although the mortgage industry is being enhanced, but industry players are still concerned about the non-adoption of model mortgage and foreclosure law by majority of the states...
CBN’s arbitrariness on mortgage loans
The Central Bank of Nigeria’s (CBN) recent circular, which removed “interest rate and cap in respect of Part 2 Section 2.1.3 (Mortgage Finance)” in the Guide to Charges by Banks and Other Financial Institutions in Nigeria, should be of immense interest and concern to people who have had their hopes deferred about housing for all.
Financing mortgage with commercial paper
The flow of liquidity needed to fire off the much-anticipated mortgage financing in the country has been more of pipe dream. This is because of the long-term nature of mortgage financing, which is in short supply.
Using mortgage finance to address housing shortfall
The housing sector is one of the indices for measuring the standard of living of people across societies. It also plays a more critical role in a country’s welfare than is always recognised, as it directly affects not only the well-being of the citizenry, but also the performance of other sectors of the economy. Consequently,…
Firm to reward mortgage, real estate professionals
For rapid development in the housing sector, Mortgage and Real Estate Academy (MORE), a public private partnership between Centre for Management Development, a parastatal of the Federal Ministry of Budget and National Planning and Western Atlantic Corporation Limited is to host her ‘First Award of Excellence’ to encourage practitioners in the mortgage and real estate…