The housing market will enter a "new normal" in 2022 due to unprecedented coronavirus pandemic-induced changes to the housing market and subsequent policy responses, according to the latest Fannie Mae forecast. The mortgage giant forecasted that inflation will remain high and...
Employees of Abbey Mortgage Bank took a walk for the environment on Saturday to raise awareness on the effects of climate change. A statement by the company stated that everyone was in one way of the other affected by the...
CITITRUST Holdings Plc, a leading Pan-African financial and investment conglomerate, has reaffirmed its decision to transform into a publicly owned company by listing on the Nigerian Exchange (NGX) by the end of the first quarter. In a statement signed by...
To improve home ownership in the country, First City Monument Bank (FCMB) is offering Nigerians mortgage loans of up to N75 million, and anyone can qualify. The move has simplified homeownership for millions of Nigerians who want to own...
Speakers at a roundtable on Wednesday emphasised reasonable mortgage, small and easy housing finance, development of bond and capital markets for home financing, targeted subsidies, planned urbanisation, and decentralisation of administration for ensuring affordable housing for all. They said urbanisation...
NO fewer than 60 mortgage banks and estate firms are indebted to the Federal Mortgage Bank of Nigeria to the tune of N48,304,975,056.9. The National Housing Fund facility was reportedly diverted or misappropriated by the mortgage banks and private real...
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...
Nigeria Mortgage Refinance Company Plc (NMRC) formally presented to shareholders its Annual Report and Accounts for 2021 at its Annual General Meeting held at the Abora Hall, Eko Hotel and Suites, Victoria Island, Lagos. The Chairman in his remarks stated...
Owning a home is a dream that many Nigerians aspire to, and for good reason. Homeownership comes with a range of benefits that go beyond just having a place to call your own. In this blog, we'll explore the...
There are growing opportunities in unlocking the potential of Nigeria’s mortgage sector valued at over N6.4 trillion but lack of awareness, accessibility, security, lack of infrastructure and government policy are dampening demand, experts have said.
They said this on Thursday...
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