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Tag Archives: NHF

FMBN constructs 985 housing units in Enugu at N2.8bn

housing units

Mr. Ahmed Dangiwa, the Managing Director, Federal Mortgage Bank of Nigeria (FMBN), says the bank has so far expended N2.8 billion on construction of 985 housing units in Enugu State. Dangiwa said this on Monday in Nsukka, Enugu State during the groundbreaking ceremony of the National Affordable Housing Project at Nsukka. He said that the housing units were located in ...

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Affordable homeownership will drive growth to the economy – FMBN

Homeownership

The Coalition of Civil Societies and Media Executives for Good Governance in Nigeria (COCMEGG) has lauded the Federal Mortgage Bank of Nigeria (FMBN) for making homeownership affordable, available and less cumbersome to Nigerian workers. The affordable home ownership according to the group will drive growth of the economy. A statement issued in Abuja and signed by the president, Omoba Kenneth ...

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FMBN refunds N21.4bn housing funds to 216,650 retirees

FMBN

The Federal Mortgage Bank of Nigeria (FMBN) said it has refunded over N21.4 billion National Housing Fund (NHF) to 216,650 retirees across the country. The Managing Director, Arc. Ahmed Musa Dangiwa disclosed this yesterday in Abuja at the September 2018 Lunch Time Reform Seminar on “The Challenges Facing Civil Servants in Obtaining Loan from FMBN and how to Access Contributions ...

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FMBN disburses N46.9million to AMAC for Home renovation loan scheme

AMAC

The Federal Mortgage Bank of Nigeria on Thursday disbursed N46.9 million to 49 members of staff of the Abuja Municipal Area Council (AMAC) under its Home Renovation Loan scheme. Ahmed Dangiwa, Managing Director of the bank, while presenting the cheques in Abuja, urged more civil servants to key into the scheme because of its low-interest rates and accessibility. The HRL ...

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FMBN seeks 500billion recapitalisation

FMBN

The Federal Mortgage Bank of Nigeria (FMBN) plans to recapitalise to the tune of N500 billion, its Managing Director, Ahmed Dangiwa, has said. Dangiwa, who spoke with State House correspondents after a closed-door meeting with Vice President, Yemi Osinbajo, at the Presidential Villa, said the recapitalisation would boost service delivery. He said: “We came to see the vice president as ...

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Expert urges FG to provide long-term funds to mortgage institutions

mortgage institutions

Mr. Olayinka Omotosho, Chairman, Royal Institution of Chartered Surveyors (RICS), has appealed to the Federal Government to provide long-term funds to mortgage institutions to enhance their scope of operation. Omotosho reported on Monday in Lagos that affordable housing could only be achieved through effective mortgage system, which was not available in the country. He said the conventional banks offering mortgage ...

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FMBN commences zero equity for housing loan subscribers

FMBN

The Federal Mortgage Bank of Nigeria (FMBN), has started the implementation of the new approved conditions for accessing loans from the National Housing Fund (NHF). This includes zero equity contribution for the provision of housing loans of up to N5million and 10 per cent contribution for housing loans ranging from N5million to N15million by contributors to the NHF. The revised ...

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Experts harp on conducive housing sector to boost economy

housing sector

Experts in the realty sub-sector have revealed that a conducive and energised housing sector could boost Nigeria’s economic recovery strategies. They made the submissions through a housing development group platform in Abuja. A real estate expert, Mr. Victor Mayowa wondered why federal government is yet to understand that a virile housing sector is critical to economic recovery. He lamented that ...

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FMBN has created over N80b mortgages so far – Ahmed Dangiwa

mortgages

The Managing Director, Federal Mortgage Bank of Nigeria, Mr. Ahmed Dangiwa, says the lender has created more than N80bn mortgages since inception. Dangiwa stated this during the tour of Sedona Housing Estate in Igbogbo, Ikorodu, Lagos, which was financed by the FMBN and developed by Sedona Business Consults, an Abuja-based firm. The figure shows a 10.4 per cent increase in ...

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