Tuesday, June 28, 2022
Not impressed by the slow rate of housing delivery in the country, the President, Association Housing Corporation of Nigeria (AHCN), Dr Victor Onukwugha, has put part of the blame at the doorstep of the nation’s commercial banks, saying they...
The Federal Mortgage Bank of Nigeria has expressed its readiness to assist the Abuja Property Development Company complete all housing projects that have been stalled as a result of paucity of funds. The commitment is a fallout of a strategic...
…Advises FMBN on strengthening capacity, increasing revenue generation By Johnbosco Agbakwuru, ABUJA THE Mortgage Banking Association of Nigeria, MBAN, has given the new management team of the Federal Mortgage Bank of Nigeria, FMBN, a target of generating N1 trillion yearly turnover. This...
The surge in rental costs is prompting city dwellers to downsize or downgrade to more affordable apartments to stave off harsh economic situation, especially cost of living. The high rent in the residential segment of the property market has been...
The Federal Government is committed to the provision of housing to all segments of Nigerians. This assertion was made by the Managing Director and Chief Executive, Federal Housing Authority (FHA), and Chairman Board of Directors, FHA Mortgage Bank,...
First Bank of Nigeria Limited has developed two different packages to support the growth of mortgage subsector in the country. AMAKA IFEAKANDU looks at the bank’s commercial mortgage and joints mortgage financing and their impact on the industry The...
Nigeria’s real estate industry has always been bedeviled with gory stories, which some experts blame on lack of strong partnership between private and public sector, weak regulation, quackery, micromanagement and use of outdated technology inputs and resources. They...
The Bank of Industry (BOI) has reopened its application portal for interested businesses to apply for N22Billion FG BOI Loan fund. The Bank of Industry Limited (BOI) is Nigeria’s oldest, largest and most successful development financing institution. It was reconstructed...
The managing director, Abbey Mortgage Bank Plc., Mobolaji Adewumi, in this interview with KINGSLEY OKOH, speaks on the need for innovative solutions to transform the nation’s mortgage subsector. What do you think are the biggest challenges confronting Nigeria’s mortgage industry? The...
First Bank of Nigeria (FBN) has approached a Federal High Court in Lagos for an order restraining six former directors of Commonwealth Consortium Limited and Agbara Estates Limited from disposing assets belonging to the two firms pending the hearing...
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