Co-Operative Society

The history of cooperative societies in Nigeria started with the art of people coming together to contribute money to meet their immediate or future needs. Before I commence the article of today, which is on the history of cooperative societies, let me digress a bit into the major challenges of an entrepreneur. If you are an entrepreneur, you will agree with ...

The system of owning a house through a housing cooperative society in Nigeria has its own perks and advantages on a good day, but it also has its disadvantages. Right now, one of the surest routes to owning a home in Nigeria is to go the cooperative society way. However, it is one that is less traveled by many, despite ...

A Cooperative society can be said to be the autonomous association of persons united voluntarily in other to solve their socio-economy and cultural aspiration through joint owned business or businesses which is democratically controlled by themselves. It is in this vein that the BERSAMA REAL ESTATE COOPERATIVE MULTI-PURPOSE SOCIETY was launched on the 8th day of November, 2017. ________________________________________________________________________________ It ...

Cooperative Societies remain one of the most valid forums where people get together to achieve goals they wouldn’t have achieved on their own. Like in every other human society, the presence of a workable structure cannot be overstated. A structure is needed to guide activities and due processes in any community or organization. In view of this, Mr. Kayode Osunremi, ...

Mr. Osunremi Olukayode Sola, Manager of Prime Assets Cooperative Multipurpose Society who also doubles as a credit analyst for the cooperative society, enlightens us on what cooperative society is all about and shares 5 benefits of cooperative society in this interview with Elsie Godwin of Nigeria Real Estate Hub (NREH) “Cooperative Society is an institution where two or three people ...

Understanding management of cooperative society is the key to the success of any society. You may say Knowledge is expensive but ignorance is more expensive. Effective management of cooperative society is not possible without adequate and up-to-date knowledge of cooperative management, the proper ways and means to which Trustees and Committees can be put to good use. How to even ...

Cooperatives, like any financial institution, have become very organized and systematic in carrying out their functions. Although some might not find their system of operations appealing, ironically, most people explore cooperative societies for their financial needs because of the ease of operations and lack of lengthy and bureaucratic processes characteristic of banks and micro-finance institutions. In fact, these societies have ...

The ability of any business to grow financially is dependent on how much income it generates, not to mention that the income must far exceed its expenses. For Cooperative Societies, the trend is the same. Like any institution, they require money for their operations and this money is gotten from different sources that are approved by the laws and bye-laws ...

NMRC was established to bridge the funding cost of residential mortgages and promote the availability as well as the affordability of good housing to Nigerians by providing increased liquidity in the mortgage market though the mortgage and commercial banks. The company is driven by substantial private sector participation consisting of commercial banks, primary mortgage banks, insurance companies, private equity investors ...

If you are considering going in the path of mortgage to finance your dream of building your first house, it is not a far-fetched idea. You should however consider carefully and with the help of experts the various types of mortgages available and the details involved since each mortgage type have its own interest rate and flexibility; all of which ...