Tag Archives: mortgage

Governor Nasir El-Rufai has said that every citizen of Kaduna State is entitled to a house but Government cannot provide for everyone. They would provide opportunity for people to borrow and buy a house. The Governor who made this known while presenting 24 Jeeps to High Court Judges, as part of efforts to enhance the welfare of judicial officers in ...

The management of Infinity Trust Mortgage Bank, Abuja has reiterated its commitment to seamless customer experience as the bank honours some customers. The bank said its customers’ loyalty paved the way for its exponential growth as a forerunner mortgage bank in Nigeria.  The bank commended its customers as it joined global organisations to celebrate the 2019 Customer Service Week (CSW).  ...

Mr. Adeniyi Akinlusi has over 20 years of extensive experience in leadership positions in banking, strategic leadership, corporate turnaround, and transformation. He is currently the Managing Director/Chief Executive Officer of TrustBond Mortgage Bank Plc. (formerly Intercontinental Homes Savings & Loans Plc.) Read his interview with Nigeria real estate hub below NREH: How can developers access funds through mortgage? Mr. Adeniyi ...

The Nigeria Real Estate Summit & Expo (NIRESE), Nigeria’s most exciting property and lifestyle expo holds on the July 18, 2019 at the Eko Atlantic City Waterfront, (Former Bar beach) at the end of Ahmadu Bello Way, Victoria Island-Lagos What to expect at the NIRESE? Property Pavilion Meet over 60 of Nigeria’s top property companies, view the finest houses in ...

A Lagos Division of the Federal High Court Tuesday approved the forfeiture to the Nigerian government of a plot of land in Port Harcourt, Rivers State. The land allegedly belongs to the former petroleum minister, Diezani Alison-Madueke. Chuka Obiozor, the judge, gave the decision following an application by the Economic and Financial Crimes Commission (EFCC). According to the EFCC, the ...

Mortgage The CMB Building Maintenance and Investment Company Limited has disproved the allegations of fraudulently mortgaging homes belonging to Pearl Nuga Park Estate and Pearl Garden Estate situated at Sangotedo Village in Eti-Osa Local Government Area of Lagos. CMB in a statement issued through its counsel, Ifoma Ogoh stated that the said allegations published in Newspapers were false, malicious, and ...

Operators in the Nigerian real estate development industry, say that there is a need to look at the sources of financing construction of housing to make life meaningful for Nigerians and also make housing affordable for all. Director of Locke Homes Properties Ltd, Idowu Bakare, stated this on Tuesday while presenting the key to a 3-bedroom flat at the Gold ...

The Chairman of a leading property development and management company, Urban Shelter Limited, Malam Ibrahim Aliyu, has said the potential for housing in Nigeria will not be realized until the current mortgage rate is brought down below 10 per cent Malam Aliyu stated this during a courtesy visit on the company in Abuja recently by officials of Media Trust Limited, ...

For most Nigerians that have served the government or being into civil service for donkey years it is almost impossible that they save enough to own a piece of land talk-less having money to build their own houses. Therefore, many Nigerians do require one form of assistance or the other to become landlords. This assistance normally should come in form of mortgage, ...

The Central Bank of Nigeria (CBN) has set the minimum capital requirement of N6 billion for the operation of Mortgage Guarantee Companies (MGC) in the country. In an exposure draft posted on its website, it pointed out that the licencing of MGC would deepen the mortgage banking sub-sector, through increased market access to mortgage finance and sharing of credit risk ...