The federal government has said it was working to increase mortgages provided to contributors under the National Housing Fund (NHF) to the tune of N712 billion for the financing of about 100,000 housing units across the country. It disclosed this...
The Federal Mortgage Bank of Nigeria (FMBN) has expressed willingness to support the Kebbi State University of Science and Technology (KSUST) efforts to provide affordable housing to staff. The Managing Director/Chief Executive of FMBN, Mr. Madu Hamman, stated this...
Federal government has put in place modalities for stress-free loans, for Nigerians to acquire affordable housing in the country. Minister of Works and Housing, Babatunde Fashola stated this in Abuja, at the 2022 Board Retreat of the Federal Mortgage Bank...
The Muslim Lawyers Association of Nigeria (MULAN) has commended the Federal Mortgage Bank of Nigeria (FMBN) for introducing the Non-Interest Rent to Own Housing Product to enable a broader spectrum of Nigerians to own their homes. The association, led by...
People’s Bank of China has slashed the benchmark interest rate for mortgages from 4.45% to 4.3% to resolve the worsening property crisis. China’s central bank on Monday announced that it would cut its five-year loan prime rate. It also slashed...
Governor Ifeanyi Okowa of Delta State has approved the upward review of the loan rates of the Public Officers’ Housing Loan Scheme (POHLS). In a circular with reference number HOS 14/2/1/Vol.1/T2/5 and signed by the state Head of Service, Reginald...
Contributors to the National Housing Fund (NHF) Scheme in Northwest have demanded the easing of conditions for securing housing loan under the Scheme. News Agency of Nigeria (NAN) reports that the NHF Scheme was introduced by the Federal Government to...
Some civil servants in the South East have called for the reform of the National Housing Fund (NHF) to make the agency meet up its mandate of housing provision. They disclosed this to the News Agency of Nigeria (NAN) in...
To ensure enhanced work safety, the Federal Mortgage Bank of Nigeria (FMBN), in collaboration with the FCT Fire Service, conducted fire drills and sensitization for staff on Thursday, 18th August 2022, at the Bank’s headquarters in Abuja. In his remarks,...
The Managing Director/Chief Executive of the Federal Mortgage Bank of Nigeria (FMBN), Mr. Madu Hamman, has urged Nigerians to take advantage of the Bank’s affordable loan offers on the 1,250 Housing-Unit FMBN Mega City in Abuja to own a...