Monday, April 22, 2024
Operators in the built environment have stated that the recapitalization of the Federal Mortgage Bank of Nigeria was long overdue. The Executive Secretary of the Association of Housing Corporations of Nigeria, Toye Eniola, said in an exclusive interview that the...
The Manager, Aridan Homes and Properties, Mrs. Gift Akande, has urged Nigerians to consider mortgage financing as a solution to the housing deficit in the country. The Expert also emphasized the significance of opting for mortgages over high-interest shark...
The fact that the Nigerian housing sector is currently hobbled by a plethora of challenges is no longer a matter of debate. With a weak legal and regulatory framework, high costs of land and building materials, high inflation, a...
Mr. Kehinde Ogundimu, Managing Director/CEO of the Nigeria Mortgage Refinance Company (NMRC) has said that the company approached the National Pension Commission (PenCom) to address the difficulties faced by Nigerians in meeting the 20% down payments for mortgages.  Ogundimu stated...
US President Joe Biden and his economic team, concerned that elevated mortgage rates and housing costs are hurting Americans and hindering his re-election bid, are searching for new ways to make housing more available and affordable. Biden’s forthcoming budget request...
Following the announcement of leadership changes at the Federal Mortgage Bank of Nigeria (FMBN) by President Bola Ahmed Tinubu, newly appointed Managing Director/Chief Executive, Mr. Shehu Usman Osidi has pledged his commitment to an open, transparent, and accountable administration,...
To many Nigerians, mortgage is just another word used in English language to express an idea and the reason for what is simple. The word, which is used to describe a bank that provides loans to borrowers so they...
Recent data from the Lagos branch of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) indicates a substantial rise in prices, activity, and interest within the property market for land transactions in Lagos. Over the five years period, growth...
The December 2023 Consumer Price Index (CPI) rose slightly from the previous month, according to the latest figures from the U.S. Bureau of Labor Statistics, released January 11. The all-items index increased 3.4 percent over the past year before...
In a proactive move to address the impact of significant construction inflation in Nigeria, LandWey, a prominent figure in the real estate industry and the primary landlord across multiple sites from the second toll gate to Epe, unveils a...
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