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...
Livingtrust Mortgage Bank Plc reported 90.3 per cent increase in loans and advances to customers in its unaudited full year ended December 31, 2021 result and accounts released on the Nigerian Exchange Limited (NGX). The Mortgage Bank loans to customers...
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...
Federal Mortgage Bank of Nigeria (FMBN) yesterday, commissioned 25 affordable housing units in Kuje and performed groundbreaking for the development of another 130 housing units at Aviation village off Airport Road, Abuja. The FMBN-Abiskoly Housing Estate Abiskoly Housing Estate for...
Australia's biggest mortgage lender is warning that if financial markets are right that the Reserve Bank of Australia is set to raise official interest rates to around 2.50% over the next 15 months, it will push the cost of...
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 Federal Mortgage Bank of Nigeria (FMBN) has launched its new Corporate Statements in line with the new Board and Executive Management's efforts to reposition the Bank as an institution that is able and willing to live up to...
Nigerians in the disapora have narrated their ordeal about real estate’s investment in the country, urging stakeholders in the sector to hold their members accountable for their actions. Apart from problems associated with documentation/titling, exorbitant costs, and time consuming processes, lack...
While celebrating its 30 years of being in the Nigerian market, the bank plans to tap new technologies to meet citizens’ housing needs.
According to a statement by the Managing Director, Mobolaji Adewumi, “Abbey Mortgage Bank is now repositioning itself...
President Muhammadu Buhari has approved the reconstitution of the board of the Federal Mortgage Bank of Nigeria (FMBN) with the appointment of a new Managing Director and Executive Directors. Hamman Madu was appointed as Managing Director of the Federal Mortgage...
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