The Senate Committee on Lands, Housing and Urban Development and House Committee on Housing and Habitat have resolved to throw their weight behind the management of the Federal Mortgage Bank of Nigeria (FMBN) in its efforts to provide Nigerians...
California is investing in five communities to build 613 new affordable homes. In total, Homekey has funded 14,652 housing units, helping move people off the streets to a pathway toward stable housing. Governor Gavin Newsom announced funding to quickly create...
Companies listed on NGX are required to maintain a minimum free float for the set standards under which they are listed in order to ensure that there is an orderly and liquid market for their securities. There are currently nineteen...
First Bank of Nigeria Limited has developed two different packages to support the growth of mortgage subsector in the country. AMAKA IFEAKANDU looks at the bank’s commercial mortgage and joints mortgage financing and their impact on the industry The...
The Federal Mortgage Bank of Nigeria (FMBN) has earned a total sum of N294.1 billion as additional contributions to the National Housing Fund (NHF) in five years, the outgoing Managing Director, Mr. Ahmed Dangiwa, disclosed. Dangiwa, who stated this in...
Housing Development Advocacy Network, (HDAN)has called on the Federal Government to explain why the Central Bank of Nigeria’s approved N200billion loan for low cost housing was yet to be released three years after. HDAN’s executive director, Festus Adebayo posited that...
The Nigerian real estate sector has reportedly recorded some setbacks in the year 2023 no thanks to the high inflation and the ensuing high input cost. This outcome conflicts with experts' predictions that 2023 would see sustained growth in...
The Federal Housing Finance Agency said today it will increase fees for certain Fannie Mae and Freddie Mac high-balance loans and second home loans starting on April 1. Fees for high-balance loans will increase between 0.25% and 0.75%, and second home...
Nigeria Police, public servants, fire service, NSCDC are beneficiaries
In line with the Federal Government’s Economic Sustainability Plan (ESP), the Federal Mortgage Bank of Nigeria (FMBN) plans to invest over N40 billion to deliver the construction of 5, 000 housing...
Abbey Mortgage Bank has said that its 30-year journey in the real estate space is on a transformative course towards repositioning the bank to meet with the demands of contemporary times. A statement by the firm said the COVID-19 pandemic...
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