For Mrs Tessy Okpala, the sad event of March 6, 2020, will remain indelible in her life, and that of members of her family. On that fateful day, she was thrown out of a house she acquired through a...
Abbey Mortgage Bank Plc is one of the largest and most profitable Primary Mortgage Banks in Nigeria, focused on providing well-structured mortgage options as well as other financial and advisory services. In this interview with Nairametrics, Mobolaji Adewumi, Managing Director,...
The sponsor of the bill seeking the establishment of the Chartered Institute of Mortgage Bankers and Brokers of Nigeria, Senator Tolulope Odebiyi, has explained that the bill would reshape the country mortgage system if enacted into law. Odebiyi, who spoke...
The Federal Mortgage Bank of Nigeria (FMBN) is set to boost financial inclusion with the introduction of a non-interest rent-to-own mortgage loan product. FMBN in a statement said the innovative housing product, recently approved by the Board of Directors, is...
NMRC to replicate housing finance solution in other housing reform friendly states The Ogun State Government has leveraged its adoption and implementation of housing market reforms to attract N2.5Billion from the Nigeria Mortgage Refinance Company (NMRC) to enhance the...
The Federal Mortgage Bank of Nigeria (FMBN) in 2021 recorded NHF refund payments totaling N11.027Billion to 53,972 retired contributors to the National Housing Fund (NHF) Scheme. The remarkable increase in NHF refunds in 2021 reflects a four-year trajectory of steady...
The operations of the Nigeria Mortgage Refinance Company (NMRC) are enhancing significant improvements in housing finance availability and affordability in Nigeria. Commercial and Mortgage banks now have greater access to long-term finance and are expanding access to affordable homeownership...
The Federal Mortgage Bank of Nigeria (FMBN) has created over 500,000 skilled and unskilled jobs between 2017 to date through its affordable housing interventions. Arc. Ahmed Dangiwa, the Managing Director/CEO of Federal Mortgage Bank of Nigeria revealed this yesterday during...
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