NMRC, Kaduna agree on N3b mortgage scheme
Determined to create an enabling environment for affordable housing and mortgage creation, Nigeria Mortgage Refinance Company Plc (NMRC) has sealed a tripartite agreement with the Kaduna State Government (KDSG) and FHA Mortgage Bank that will boost the state’s mortgage scheme.
How CBN’s mortgage interest rate cap removal will impact housing delivery
This might not be the best of times for prospective homeowners and developers, following the apex bank’s recent removal of interest cap rate on mortgage finance for primary mortgage banks in the country.
NMRC partners GIZ to deepen affordable housing
The Nigeria Mortgage Refinance Company Plc (NMRC) and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH have entered into an agreement for joint activities in the affordable housing value chain.
Stakeholders seek establishment of National Housing Commission
Amid concerns that emerging economies, including Nigeria need a whooping $16 trillion to overturn housing deficit, stakeholders and international eggheads...
Osinbajo, three governors for Abuja housing show
The Vice President, Prof. Yemi Osinbajo will open the 13th edition of the Abuja International Housing Show, which commences next month at the International Conference Centre. Governors of Lagos, Kaduna and Edo states will also be special guest while presidents of all housing and construction professional bodies, and corporate Chief Executive Officers are also expected…
Facility managers want role in proper use of national assets
Experts have stressed the need for proper use of facility managers in the management of national assets and facilities. They spoke at an event to mark the 2019 World International Facility Management (FM) Day and launch of Lagos State Maintenance Cultured Initiative, organised by the State Government in collaboration with the Nigerian Chapter of the…
NMRC boosts liquidity in Nigeria’s housing market
The Nigeria Mortgage Refinance Company (NMRC), a Central Bank of Nigeria (CBN)-licensed mortgage liquidity facility with the core mandate of developing the primary and secondary mortgage markets has refinanced mortgage loans totaling N18billion as at December 2018.
Experts predict further dip in real estate market
A combination of heightened uncertainty and eroding affordability is expected to cut into demand and contribute to a weaker real estate market in 2019, and 2018 harsh economic...
NMRC reorganises, appoints new chairman
The Nigeria Mortgage Refinance Company Plc (NMRC) has appointed Charles Adeyemi Candide-Johnson SAN, and Mr. Kehinde Ogundimu, as substantive Chairman and the Managing Director respectively.
‘Removing drivers of high construction cost will reduce house prices’
DEBO ADEJANA is the Managing Director and Chief Executive Officer, Realty Point Limited, a mass housing development company, passionate about cooperative housing and homeownership. In this interview with BERTRAM NWANNEKANMA, he spoke on the widening housing gap in Nigeria and how government can help the private sector in addressing the needs. In Nigeria, there are…