Tag Archives: NMRC

FBNQuest has seen the possibility of growing the real estate sector through bond investment. In a statement, it said infrastructure deficit has remained an impediment to the industrialisation and diversification of the economy. Infrastructure deficit, it added, has further complicated the ease of doing business in the country and is linked to inadequate public sector financing. “By its nature, infrastructure ...

There is a cold war currently brewing between the Nigeria Mortgage Refinance Company (NMRC) and housing /mortgage providers over acclaimed total loans disbursements by the former in 2018. No sooner had NMRC, through its Managing Director, Mr. Kehinde Ogundimu, announced that the company refinanced mortgage loans totaling N18 billion as of December 2018, housing stakeholders, comprising developers, real estate practitioners, ...

As part of rejigging the mortgage sector, Mr. Charles Adeyemi Candide-Johnson SAN, and Mr. Kehinde Ogundimu have been appointed as substantive Chairman and the Managing Director respectively for the Nigeria Mortgage Refinance Company Plc (NMRC). As part of rejigging the mortgage sector, Mr. Charles Adeyemi Candide-Johnson SAN, and Mr. Kehinde Ogundimu have been appointed as substantive Chairman and the Managing ...

In an interview with Guardian Newspapers recently, Debo Adejana, the CEO of Realty Point, spoke on the widening housing deficit in Nigeria and how government can help the private sector in addressing the needs. Realty Point is one of Nigeria’s leading mass housing development companies, passionate about cooperative housing and home-ownership. In Nigeria, there are between 17-23 million housing deficit, what ...

Globally, there is a strong consensus that the development of the housing sector is essential for stimulating economic growth. Housing construction is one of the frequently used indices for measuring economic conditions worldwide. However, recent reforms in the mortgage industry are set to bring sustainable growth in the industry and bridge the housing deficit, which is estimated at 20 million. ...

Even as the Central Bank of Nigeria (CBN) has taken some steps towards boosting housing provision, Nigerians are gaining momentum. The 1978 Land Use Act, however, remains a major impediment towards achieving the target. In mid-2017, the CBN launched its Nigerian Housing Finance Programme (NHFP), popularly known as “My Own Home. The scheme, a Public-Private Partnership (PPP) arrangement, is targeted ...

Built environment experts and other stakeholders have canvassed best ways to overcome housing and mortgage challenges in order to enhance home ownership among Nigerians and promote economic growth. Real estate developers, architects, builders, promoters of building materials, bankers, policymakers and mortgage providers among others, called on the government to look at funding issues among other impediments to affordable housing delivery. ...

The World Bank and Central Bank of Nigeria (CBN) have initiated collaborations in efforts to review the existing Land Use Act laws and create enabling environment for the mortgage activities to thrive in the country. The move aimed at enhancing housing delivery in the country is coming on the heels of an affirmation that Nigeria has about 16 million housing ...

NIGERIA Mortgage Refinancing Company (NMRC) Monday urged state governors to lighten the process of granting consent to property development. Speaking at a conference on seeking finance for the mortgage in Nigeria which held in Abuja, a director at NMRC, Mrs. Chii Akporji said modern mortgage requires certain steps that state governments need to take in order to create the enabling ...

The Nigeria Mortgage Refinance Company (NMRC) plans to seek approval from members by the end of the month to triple the size of its debt programme to N440 billion ($1.44 billion), the state-backed mortgage agency said on Monday. Nigeria set up a mortgage-backed guarantee company in 2014, partly with World Bank aid, in an effort to boost lending through the ...