Mortgage deposits up by 94.5% in 2020 despite pandemic
Despite the impact of the COVID-19 pandemic in 2020, Nigerians grew their mortgage deposits by 94.5 per cent.
N3b mortgage facility launched to bridge MDAs 30% equity in NHF
Fresh building blocks were again laid recently in Lagos, unto Nigeria mortgage finance sub-sector, when key operatives gathered to unveil an N3 billion facility
Enugu government, developers plan 1,000 affordable housing units
A tripartite agreement that will yield 1,000 affordable housing units in Enugu State has been sealed by a team of developers, the state’s housing corporation, and a mortgage firm.
CBN floats Nigeria’s first mortgage guarantee firm, doles out N7.5billion
Efforts to revive the mortgage sub-sector and reposition the housing financing institutions in the face of current demands and challenges have received a boost
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...
Stakeholders advocate reduction in housing deficit, better mortgage system
Edo State Governor, Godwin Obaseki and other critical stakeholders in the real estate sector have advocated a reduction in housing deficit and better mortgage systems for middle-income earners in the country.
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.
Delegates in Abidjan urge African governments to stimulate long-term mortgage
No fewer than 12 commitments were made recently in the Cote d’Ivoire capital, Abidjan, where more than 29 countries including Nigeria met to shape the development of housing finance across the African continent.
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,…