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...
In the face of Nigeria's staggering 28 million housing deficit, real estate experts are highlighting the urgent need for a massive investment of over N21 trillion to address the housing crisis and cater to the needs of the burgeoning...
Samson Opaluwah, the Chairman of the Council of Registered Builders of Nigeria (CORBON), has emphasized the urgent need for the adoption of technology and innovation to revolutionize housing in Nigeria, making it more accessible, sustainable, and affordable. Speaking at the...
In a compelling panel discussion on data at the 2023 edition of the Africa International Housing Show in Abuja, Mr. Madu Hamman, the MD/CEO of the Federal Mortgage Bank of Nigeria (FMBN), emphasized the pivotal role of data in...
Mr. Kehinde Ogundimu, the CEO of Nigeria Mortgage Refinance Company (NMRC), delivered an impassioned call for a data-driven revolution in Nigeria's housing market, emphasizing the paramount importance of reliable data to transform the sector. In his recent address at the...
The Federal Mortgage Bank of Nigeria, FMBN, and Cocoon Atlantic Housing Estate, a leading housing solution company, have officially inaugurated a 28-unit flat estate in Sangotedo, Lagos State. During the inauguration, Mr. Madu Hamman, the Managing Director of FMBN, expressed...
Governor Nasir El-Rufai of Kaduna State has canvassed for the establishment of a national mortgage system to tackle the country's 22 million housing deficit. El-Rufai said this while inaugurating the construction of 550 housing units in Gombe State, where he...
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,...
Nigeria-based digital property platform QShelter, also known as QuickShelter, has launched its website, providing a seamless real estate transaction platform for global users interested in buying properties in Nigeria. The QShelter platform connects developers, homeowners, mortgage lending institutions, Pension...
Building collapse continues to be a tragic issue in Nigeria, with over 62 buildings collapsing in 2022, killing 84 people and injuring 113, according to the Building Collapse and Prevention Guild (BCPG). Out of the total figure, Lagos accounted...
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