Home » Tag Archives: Housing (page 17)

Tag Archives: Housing

FMBN’s N9b lifeline for 1,244 credit facilities

FMBN’s N9b lifeline

The nation reports that after  posting N2.7 billion as its operating surplus at the close of last year, the Federal Mortgage Bank of Nigeria (FMBN) has secured the Federal Government’s nod to boost affordable housing financing. The Acting Managing Director, Richard Esin highlighted the bank’s business performance  at a review session on FMBN’s operations last year. He said the bank ...

Read More »

Firms launch N20b trust fund to boost real estate

Firms launch N20b trust fund to boost real estate

The Guardian reports that a consortium of firms has floated N20 billion Real Estate Investment Trust (REIT). The newly berth REIT, promoted by Top Services Limited, a close-ended Real Estate Investment Trust company would be managed by a firm, Messrs First Ally Asset Management. According to The Guardian, the Chairman, Top Services Limited, Chief Tokunbo Omisore, while speaking during the ...

Read More »

Anambra, FMBN to Provide Houses for Civil Servants

Anambra, FMBN to Provide Houses for Civil Servants

Anambra State government has made it known that it is collaborating with the Federal Mortgage Bank of Nigeria (FMBN) to complete its housing scheme for civil servants in the state. According to New Telegraph, Mr Frank Offor, the state Commissioner for Housing and Urban Development, said in Onitsha that the collaboration was in government’s bid to provide affordable houses for ...

Read More »

Developer flags off Honeywells Garden in Maryland

Developer flags off Honeywells Garden in Maryland

Despite the economic downturn in the country, Tobykemsworth, a real estate developer has launched Honeywells Garden in Maryland, Lagos. According to The Guardian, Honeywell’s Garden is conceived as an estate for medium and high-income earners and choice prototypes and building design. Future house owners in the estate backed with the Governor’s consent and Certificate of Conveyance are left with different ...

Read More »

FMBN, REDAN Sign $2bn MoU to Provide Affordable Houses

housing deficit probems

The Federal Mortgage Bank of Nigeria (FMBN), Shelter Afrique and Real Estate Developers Association of Nigeria (REDAN), have signed a $2 billion Memorandum of  Understanding to provide affordable housing for Nigerians. New Telegraph reports that Mr. Richard Esin, the Acting Managing Director of FMBN, said the  MoU was the first critical journey aimed at providing affordable housing for Nigerians. The ...

Read More »

Housing, electricity costs push inflation to 18.48%

Lagos house prices and economic recession

New Telegraph reports that the monthly inflation rate commonly referred to as Consumer Price Index (CPI) has risen by 0.15 per cent from 18.33 per cent to 18.48 per cent in the month of November, according to the monthly inflation data released by the National Bureau of Statistics (NBS). NBS cited increases in costs of water, housing, electricity, gas and clothing ...

Read More »

Gov Ambode urges residents to become house owners through new policy

Gov Ambode urges residents to become house owners through new policy

Lagos State Governor, Akinwunmi Ambode, on Thursday, urged residents to take advantage of the state’s Rent-To-Own and Rental Housing policy to become house owners and address housing problems in the state. Vanguard reports that Ambode, represented by his Deputy, Dr Idiat Adebule, made the call at the flag-off of the Rent-To-Own and Rental Housing policy in Sir Michael Otedola Estate, ...

Read More »