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Tag Archives: Mortgage finance

Housing deficit: N16trn from CBN, PenCom, others to boost sector

CBN

With a whopping N16 trillion from Central Bank of Nigeria (CBN), the Pension Scheme, Mortgage institutions and other related financial services organisations, Nigeria’s housing sector is set to receive a boost. Efforts are being made to allow pension contributors to access 25 per cent of the savings in their respective Retirement Savings Accounts(RSAs) for mortgage finance. In order to facilitate ...

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Experts outline positive measures for Nigeria’s mortgage market

mortgage market

Although mortgage market and financing has continued to be a source of worry for operators in the nation’s housing delivery, investors and industry players have projected a positive future. Currently, Nigeria’s mortgage banks charge between 19 and 24 per cent. And this could go higher, depending on the risk volume, which has affected the real estate’s potential as a goldmine ...

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FMBN recovers N3bn debts, records stronger result in 2018

FMBN

Managing Director, Federal Mortgage Bank of Nigeria (FMBN), Ahmed Dangiwa, said the bank has recouped more than N3 billion in its loan recovery drive in 2018. Dangiwa made the disclosure in Abuja on Saturday in a statement signed by Mrs. Zubaida Umar, FMBN’s Group Head, Corporate Communications. He pointed out that the bank recovered N2.4 billion in 2017. He said ...

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