Mr. Kehinde Ogundimu, Chief Finance Officer, Nigerian Mortgage Refinancing Company (NMRC) left; Professor Charles Inyangete, Chief Executive Officer, NMRC; Mrs. Adenike Fasanya-Osilaja (President, MV Professional Solutions), and Mr. Thomas Olorundare, Director-General, Nigerian Insurers Association (NIA) at the NMRC workshop on public awareness and capacity building for mortgage sector operators in Lagos.

NMRC Holds Workshop on Public Awareness, Capacity Building

By Bamidele Ogunwusi Lagos   The Nigerian Mortgage Refinancing Company (NMRC) recently, organised a workshop on public awareness and capacity building for mortgage sector operators and stakeholders. Speaking at the opening of the workshop in Lagos, the Managing Director/ Chief Executive Officer (CEO), NMRC, Charles Inyangete, said the objective of the workshop is partly to sensitise […]

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Mortgage finance: Creating access to informal sector

The past three years have witnessed a drastic improvement in housing finance in Nigeria, as it has become the key driver of economic development, political stability and forming a substantial part of Nigeria’s Gross Domestic Product (GDP). Our Correspondent, Bamidele Ogunwusi, writes; Records have shown that the demand for housing and housing finance in Nigeria […]

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Stakeholders identify mortgage drawbacks, proffer solution

By Bamidele Ogunwusi  / Correspondent, Lagos    Stakeholders in the nation’s mortgage sector are not unmindful of drawbacks that has militated against the growth of the sector and they have also identified efforts at redressing these drawbacks. Making a salient contribution on the vexed issue of mortgage in the country, the Managing Director, UACN Property Development […]

NMRC will soon start impacting mortgage market – Expert

Managing Director of TrustBond Mortgage Bank formerly known as  Intercontinental Homes, Mr Adeniyi Akinlusi, has given thumbs up to the establishment of the  Nigerian Mortgage Refinance Company (NMRC), a special mortgage refinancing vehicle which was launched early this year. Akinlusi, whose firm has secured a national licence to operate all over the country and has […]

NMRC will soon start impacting mortgage market – Expert

Managing Director of TrustBond Mortgage Bank formerly known as  Intercontinental Homes, Mr Adeniyi Akinlusi, has given thumbs up to the establishment of the  Nigerian Mortgage Refinance Company (NMRC), a special mortgage refinancing vehicle which was launched early this year. Akinlusi, whose firm has secured a national licence to operate all over the country and has […]

Stakeholders identify mortgage drawbacks, proffer solution

Stories by Bamidele Ogunwusi  /  Correspondent, Lagos    Stakeholders in the nation’s mortgage sector are not unmindful of drawbacks that has militated against the growth of the sector and they have also identified efforts at redressing these drawbacks. Making a salient contribution on the vexed issue of mortgage in the country, the Managing Director, UACN […]

SMEDAN to partner Globacom on e-commerce platform for MSMEs

The Small and Medium Enterprises Development Agency of Nigeria, (SMEDAN) and Communication giant, Globacom, have agreed to partner on ways to alleviate cumbersome nature of transacting business between SME operators and their customers. Based on this, the Gloworld SME Cluster Unit will come up with various platforms and e-commerce solutions that would enhance the efficiency […]

Mortgage banks partner developers on affordable housing

By Bamidele Ogunwusi  / Correspondent, Lagos   Three leading primary mortgage banks in the country, Abbey Mortgage Bank, Imperial Homes and TrustBond have entered into an ambitious partnership with four developers in the country, Gran Imperio Group, Ocean Springs Estates Limited, Vestril Limited and White Oak Real Estate Limited to develop 93 hectares of land into […]

NMRC targets new payroll system for mortgage refinancing

By Bamidele Ogunwusi  / Correspondent, Lagos   The Nigeria Mortgage Refinance Company (NMRC) has stated that it requires the full implementation of the Integrated Personnel and Payroll Management System for civil servants in order to conform to the eligibility criteria for mortgage refinancing as a total of 66,402 applicants are seeking slots in the 10,000 homes […]

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NDIC sets corporate governance, risk management agendas for banks

By Bamidele Ogunwusi  /Correspondent, Lagos   Nigeria Deposit Insurance Corporation (NDIC) has urged operators of Primary Mortgage Banks (PMBs) to embrace good corporate governance and sound risk management practices to avoid creation of huge toxic assets that could put insured deposits at risk. Chief Executive Officer of NDIC, Alhaji Umaru Ibrahim, gave the advice  in […]

Mortgage loans: NMRC advocates full implementation of IPPIS

Just in line with its readiness to begin full operations, Nigeria’s newly established secondary mortgage institution, the Nigerian Mortgage Refinance Company (NMRC), has advocated complete implementation of the Integrated Personnel and Payroll Management System (IPPIS) by civil servants in order to conform with the eligibility criteria for NMRC refinancing. As part of its role to […]

ASO Savings commissions N7.5b estate, targets affordable housing

By Bamidele Ogunwusi /  Lagos   In its efforts to make housing available to Nigerians, ASO Savings and Loans, one of Nigeria’s leading mortgage banks has delivered another estate, christened ASO Grove Estate in Mataima, Abuja just as the Chairman of the bank, Mr. Olatunde Ayeni, has revealed factors that contributed to the continuous success story […]