The Federal Mortgage Bank of Nigeria (FMBN), has said that it cannot be funding houses that Nigerians cannot afford and developers should come up with a system of building cheaper houses for low income earners. Group head, Cooperate Communications, FMBN,...
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...
Mortgage rates are nearly three-fourths of a percent higher than they were a year ago, and home prices rose nationwide by 18.8% annually in December, making it harder than ever to find an affordable place to live. But in some cities, it’s a...
ABBEY Mortgage Bank Plc has listed an additional 3.69 billion ordinary shares of Abbey Mortgage Bank Plc on the Daily Official List of the Nigerian Exchange Limited (NGX), on Wednesday. According to the company, the additional shares listed on NGX...
First City Monument Bank (FCMB) has rolled out a home ownership product aimed to make the experience simpler. The bank is offering Nigerians mortgage loans of up to N75 million, and anyone can qualify. By this initiative, the bank seeks...
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...
Infinity Trust Mortgage Bank plc has announced a collaboration with the Independent Corrupt Practices Commission (ICPC) and Gefen Group to provide estate development loans for the execution of a cooperative estate, situated in Abuja. According to the Bank, the collaboration will allow...
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...
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...
Ongoing efforts to transform the Federal Mortgage Bank of Nigeria (FMBN) received a big boost with President Muhammadu Buhari’s appointment of Mr. Ayodeji Ariyo Gbeleyi as the bank’s Chairman, Board of Directors and his inauguration by the Minister of...
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