In a significant move that underscores their commitment, both the National Pension Commission (PenCom) and Pension Fund Administrators (PFAs) have begun disbursing 25 percent of Retirement Savings Account (RSA) holders' contributions for mortgage financing. This initiative has materialized as...
On Tuesday, August 1, 2023, the Nigerian Senate in Abuja screened Arc. Ahmed Musa Dangiwa from Katsina State as a minister nominated by President Bola Ahmed Tinubu, GCFR to serve in his administration. Here are six things that you...
A legal mortgage is a type of mortgage that involves the transfer of an interest in land as security for a debt. In Nigeria, legal mortgages are regulated by the Land Use Act of 1978 and the various state...
Equitable mortgages are a type of mortgage that is commonly used in Nigeria. It is a mortgage where the borrower pledges their property as security for a loan. In this type of mortgage, the lender holds the property in...
The Federal Mortgage Bank of Nigeria, FMBN, has just announced a game-changing increase in the National Housing Fund mortgage loan limit from N15m to N50m per applicant. The decision, which was revealed by the Chairman of the Board of Directors,...
Access Pensions, a Pension Fund Administrator (PFA) in Nigeria, has created a dedicated desk aimed at encouraging its customers to utilise 25% of their Contributory Pension Scheme (CPS) for equity contribution towards residential mortgages. The PFA's mission is to help...
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...
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...
Factors Affecting Property Value In Nigeria – Property value in Nigeria refers to the worth of real estate assets such as land, buildings, and homes. The value of these properties can fluctuate due to a variety of factors, including...
Mortgage Banking in Nigeria has oftentimes been described as unprofitable, no thanks to the fact that majority of the 34 Mortgage Banks in the country struggle, with some managing a huge portfolio of non-perming loans that have negatively impacted...
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