Tag Archives: NAICOM

The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has called on government to ensure that construction policy defaulters should be sanctioned, taken to court and jailed as this will serve as a signal for other agencies. Rowland Abonta, NIESV president made the call during a courtesy visit by the Trustees of the Institution to Oba Rilwan Akiolu at Iga ...

LAGOS – The National Council of Registered Insurance Brokers (NCRIB) has urged the Federal Government to make its Rent-to-Own Housing Policy to enhance affordability by eliminating the need for down payments and other costs associated with normal mortgage loan arrangements. Mr. Shola Tinubu, President of the umbrella Council of all licensed insurance brokers in Nigeria, who spoke to journalists at ...

Nigerian underwriters have continued to experience a boom in real estate investment in industry increased by N5 billion from N98.11 billion to N103.51 billion within a period of one year. According to the balance sheets prepared by the regulator, National Insurance Commission (NAICOM), five underwriting firms failed to pick interest in the blossoming real estate sector, while Mutual Benefits Assurance ...

The National Insurance Commission (NAICOM) and the Federal Mortgage Bank of Nigeria (FMBN) have agreed to collaborate to insure all mortgages in the country. The partnership, if implemented, is expected to deepen insurance penetration and provide the much needed funds required by the National Housing Fund (NHF) to enable it bridge the country’s housing deficit. To achieve this, both regulatory ...

The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, unfolded the Federal Government’s plan to collaborate with other stakeholders in the housing sector to deliver about 10,000 housing units this year. The minister announced this at the inaugural Housing Stakeholders’ Implementation Summit in Abuja which held on March 23, 2014, where she also defended the government’s ...