The Niger Delta Development Commission (NDDC) and the Federal Mortgage Bank of Nigeria (FMBN) have co-organized a staff sensitization session to enlighten personnel on the provisions and benefits of the National Housing Fund (NHF) Scheme.
Speaking at the interactive session...
The Association of African Development Finance Institutions (AADFI) has commended the Shehu Usman Osidi-led Management of the Federal Mortgage Bank of Nigeria (FMBN) for its sustained commitment to promoting development financing and inclusive housing development in Nigeria and Africa.
The...
The Federal Government has announced plans to launch a mortgage finance facility aimed at constructing 25,000 affordable housing units nationwide.
This initiative is a key component of the Economic Stabilization Programme and will be overseen by the newly established Presidential...
In Lagos, rent-to-own contracts are becoming increasingly common, providing homeownership for many individuals who might not be eligible for typical mortgages. However, what does “rent-to-own” actually mean?
A rent-to-own lease allows you to rent a house for a predetermined amount...
As part of its commitment to excellent customer service, the Federal Mortgage Bank of Nigeria (FMBN) has introduced mystery shopping as a strategic tool to improve customer service delivery and enhance customer experience and satisfaction.
The Managing Director/Chief Executive of...
The Managing Director/Chief Executive of the Federal Mortgage Bank of Nigeria, Shehu Usman Osidi, has revealed that the Bank’s current Management’s meticulous approach and prudent management of the financial affairs of the Bank has yielded fruits in the first...
Nigeria's housing sector is facing a major hurdle in the form of high interest rates, which are making it difficult for people to access affordable housing. The high cost of borrowing is not only affecting demand but also supply,...
The Managing Director/Chief Executive of the Federal Mortgage Bank of Nigeria, Shehu Usman Osidi, has stressed the crucial need for companies seeking access to the Bank's mortgage services to be duly registered and in good legal standing with the...
In a bid to address the challenges facing the Nigerian mortgage system, operators in the housing sector have urged the Federal Government to collaborate with financial institutions to revitalize the sector.
The call was made at the home unveiling...
Housing affordability and accessibility are largely dependent on the cost and availability of housing credit, both short-term and long-term. The benefits of mortgages cannot be overstated, whether they are for an individual, a business or the government.
It is no...
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