Tag Archives: housing finance

The Nigeria Mortgage Refinance Company (NMRC) and the Centre for Affordable Housing Finance in Africa (CAHF) have signed a Memorandum of Understanding (MoU) to improve the current data platforms to enable effective, data-driven policy and decision-making in support of affordable housing markets in Nigeria. The MoU which was signed during the 2019 Abuja International Housing show, was aimed at deepening ...

“Stakeholders in the housing finance industry have inaugurated the Mortgage Warehouse Funding Limited, a special purpose company set up to provide short-term local currency and competitively priced funding to mortgage banks.”- Punch The MWFL, a private-sector driven initiative to enhance mortgage banks’ origination capacity, was incorporated in December 2014 and initially sponsored by a group of eight-member mortgage banks. The ...

“The Central Bank of Nigeria (CBN) is spearheading a new scheme targeted at providing improved access to housing finance to aspiring homeowners.”- Daily Post The initiative would have a tenor of 15 years to 25 years, depending on the age of the borrower, their income and desired tenor and would be available to eligible applicants with insufficient or no equity ...

Many believe that the Land use act (decree) of 1978 has become a clog in the wheel of our progress as a nation. In recent times, there have been calls by experts for the land use act to be reviewed, overhauled or totally abolished. This article looks at how the land use act threatens economic development in Nigeria and why ...

The Guardian reports that after a major agreement with Kaduna Government to promote mortgage penetration and home ownership recently, the Nigerian Mortgage Refinance Company (NMRC) has again entered into another deal with estate developers. The agreement with the Real Estate Development Association of Nigeria (REDAN) is meant to boost research, advocacy and housing finance in the housing sector. The deal ...

The Managing Director, UACN Property Development Company (UPDC) Plc, Mr. Hakeem Ogunniran, has identified five drawbacks to housing finance in the country. These include cost, character, capacity, collateral and conditions. This is coming on the heels of a World Bank report. The  findings of Word Bank Group, contained in “Doing Business in Nigeria 2014” under the section “Understanding Regulations for ...

The African Union for Housing Finance (AUHF), a member-based association of mortgage banks, building societies, housing corporations and other organisations involved in the mobilisation of funds for shelter and housing on the African continent will hold its conference and annual general meeting in October at the Safari Hotel & Conference Centre, Windhoek, Namibia. AUH is grounded on developing the institutional ...

Gathering at the residence of the British High commissioner in Lagos for a networking event organized by Ecotrends Nigeria Limited in collaboration with UK trade and investment in preparation for its premier trade show, Home and Property Expo, the chief executive officer of Ecotrends, Efe Utomudo told the audience that Nigeria needs 700,000 houses annually to meet the housing needs ...