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Tag Archives: mortgage

MBAN plans non-interest mortgages, seeks for intervention fund

MBAN plans non-interest mortgages, sMBAN plans non-interest mortgages, seeks for intMBAN plans non-interest mortgages, seeks for interMBAN presidentvention fundervention fundeeks for intervention fund

Gearing up for a veritable funding source for the sub-sector, mortgage operators (MBAN) have moved to explore the suitability, applicability and the possibility of adopting the non-interest mortgages to unlock the potentials of the Sukuk model. The operators, under the aegis of the Mortgage Banking Association of Nigeria agreed in a seven-page communiqué after its chief executive officers retreat in ...

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Why Governor’s Consent Hinders Real Estate Development In Nigeria

Governor's consent

The Governor’s consent is a title document that establishes the consent of every Governor of the 36 states of the federation to all land transaction in the “said state”. Invariably, it is a means of perfecting the title on a land. Obtaining a Governor’s consent in Nigeria is a very herculean task. This article addresses the issue of the Governor’s ...

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AHCN President speaks on issues arising from Nigeria’s housing deficit

Nigeria's housing

The famous Abraham Manslow’s Hierarchy of Needs places shelter as a basic need of every human. In other words without shelter man is less bothered about social activities, self-esteem or other offerings of the society. Sadly, what should have been a basic provision has become a luxury in Nigeria. To resolve the deficit in  sector, efforts to Nigeria’s housing increase stocks are ...

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SOAN, Don disagrees over $195m maritime security

SOAN, Don disagrees over $195m maritime security

A don at the Federal College of Fisheries and Marine Technology in Lagos and the leadership of the Ship Owners Association of Nigeria (SOAN) have disagreed over the viability of the recently signed $195m maritime security contract between the Nigerian government and an Israeli firm, HLSI Security Firms and Technology Inc. It would be recalled that the Minister of Transportation, ...

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Dogara advocates private sector participation to tackle housing deficit in Nigeria

Housing Deficict

Speaker of the House of Representatives, Hon. Yakubu Dogara has called for increased private sector participation in order to address the national housing deficit and pledged the commitment of the House towards enacting the required legislation. Speaking at a public hearing by the House Committee on Housing on a motion and four bills related to the National Housing Fund and ...

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Federal Government inaugurates committee to establish a Mortgage Credit Rating

Mortgage Credit Rating

“The Federal Government on Thursday inaugurated a committee to establish a Mortgage Credit Rating to improve citizen’s access to affordable housing in the country.”- World Stage The Director, Financial System Strategy Department of the Central Bank of Nigeria, Mr Mohammed Suleiman, inaugurated the nine member committee in Abuja. He charged members to come up with ideas that would see the ...

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Stakeholders inaugurate Mortgage Warehouse Funding Limited

Mortgage Credit Rating

“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 ...

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Proven Low Cost Housing Strategies to Construct Your House

low cost housing

If you are searching for proven low cost housing strategies to construct your house, then take time to digest this article. I will be sharing with you some proven tips that will help you to construct affordable income apartment with ease. Most middle and low income earners aspiring to become landlords are getting frustrated because of different forms of challenges manifesting ...

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