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Tag Archives: mortgage

NMRC commits to greening Nigeria’s building construction industry

NMRC

Nigerian building developers have come together to discuss the pathway for a greener Nigeria through the construction industry. Financial institution and mortgage re-finance provider NMRC has pledged to be a leader in pioneering the implementation of EDGE certification in the construction industry. NMRC and the International Finance Corporation (IFC), a member of the World Bank Group, along with the consortium ...

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Expert urges FG to make mortgage accessible

mortgage

The Managing Director of Infinity Trust Mortgage Bank (ITMB) Olabanjo Obaleye has said it was difficult for mortgage industry to make a meaningful impact without government `s firm commitment to relax the policies surrounding property rights, perfection, and transfer in terms of time and cost. He stated this during the unveiling of new logo and brand direction of the bank ...

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Brief History of Mortgage In Nigeria and How it Works

Mortgage In Nigeria

In simple terms, a mortgage is a legal agreement that allows you to borrow money from a bank or building society, at a specified interest rate, in order to buy/build a house. The concept of mortgage in Nigeria is pretty straightforward. It is a loan in which a property (whether land or building) is used as collateral. The borrower enters ...

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Apex Mortgage bank set to expand their market with 50m subscribers

Mortgage in Nigeria FMBN

Amid concerns that some contributors to the National Housing Fund (NHF) have not been able to access loans, the Federal Mortgage Bank of Nigeria (FMBN) has assured Nigerians that the amendment of the enabling legislations in the scheme would make it more robust and beneficial. Accordingly, the bank explains that the objective is to expand its coverage to capture the ...

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Youths expose Nsima Ekere on plans to mortgage Akwa Ibom

Youths

Youths in Ikot Abasi Local Government Area, under the auspices of Edemeya Supreme Leaders’ Coalition (ESLC), has urged their kinsman and Managing Director, Niger Delta Development Commission (NDDC), Mr. Nsima Ekere, to shelve his purported governorship ambition in 2019. This view was contained in a statement issued, Tuesday, by the Director of Publicity and Strategy of the group, Akparawa Abraham ...

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FMBN partners state government to provide affordable houses

Affordable houses

The Managing Director of Federal Mortgage Bank (FMBN), Arc. Ahmed Musa Dangiwa, has unveiled plans to collaborate with states governments for them to provide affordable houses in the estate. He expressed concern during a meeting with 9-member delegation, led by the President of the National Economic Summit Group (NESG), Engr. Kashim Ali, at the FMBN headquarters, yesterday in Abuja. Dangiwa ...

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Mortgage operatives propose new ways to finance housing institutions

Housing institutions

After an initial effort that eventually turned out to be a ‘false start’, a fresh move to facilitate the mobilization of fund for the provision of houses for Nigerians at affordable prices may be in the offing. The move would rejuvenate mortgage sector as part of the wider plans of overhauling housing financing institutions in the country. Coming under the ...

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Federal Government inaugurates Family Homes Housing Project

Federal Government inaugurates Family Homes Housing Project

The Economic Management Team of the Federal Government has set up a Family Home Fund’s Task Force to facilitate the implementation and delivery of the Family Homes Housing Project nationwide. The Chairman and Minister of State II for Power, Works and Housing, Suleiman Hassan made this known on Wednesday in Abuja, at the inaugural meeting of the Land and Infrastructure ...

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