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...
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...
The Honorable Minister of Works and Housing, Babatunde Raji Fashola yesterday inaugurated Mr. Ayodeji Gbeleyi as the Chairman, FMBN Board of Directors, at the Ministry’s headquarters in Abuja. The inauguration formalizes Ayodeji’s appointment by President Muhammadu Buhari in January to...
The U.S. Green Building Council’s annual ranking of the Top 10 states for green buildings would have D.C. as No. 1 if it were a state — and by a long shot. The council’s rankings are based on certified gross square...
• Creates 1,130 mortgages and 17,083 home renovation loans • Delivers 2,921 housing units for low-medium earners The Federal Mortgage Bank of Nigeria (FMBN) posted strong results in 2021 with N47.814billion in loan disbursement towards mortgage and construction financing between January...
Property Technology (PropTech) is the use of information technology (IT) to help individuals and companies research, buy, sell and manage real estate. Proptech uses digital innovation to address the needs of the property industry.
It also covers smart building
construction, space management...
Members of the House of Representatives are expected to commence debate on the general principles of a bill that seeks to ensure that real estate business conforms with the Money Laundering Prohibition Act, 2011 (as amended) and Nigeria Fin1ncial...
House prices in the UK shot up by 9.8% in December 2021 on an annual basis, shows new data from Halifax. From November 2021 to December 2021, prices grew by 1.1%. And on a quarterly basis, prices increased by 3.5%,...
Low interest rates and a yearning for more space spur record home sales in 2021
By ARI ALTSTEDTER Vancouver home sales soared to a record in 2021 as the real estate frenzy induced by the pandemic overcame years of government policies...
Nigeria President Muhammadu Buhari on Friday signed the 2022 Appropriation Bill titled “Budget of Economic Growth and Sustainability” into law at the Presidential Villa, Abuja. The budget, valued at N17.126 trillion, was recently transmitted to the President by the National...
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