Thursday, May 23rd, 2013
As part of the ongoing reforms in the mortgage sector where mortgage banks have been told to raise their capital base to N5 billion, two mortgage banks in the country, Stallion Home Savings & Loan Limited and Mutual Alliance Savings & Loans Limited, have signed...
Thursday, May 23rd, 2013
The National Housing Fund (NHF) was established in by Act N0 3 of 1992, to set in motion a housing revolution that will make more Nigerians home owners. However, the reverse seems the case as the housing deficit, which was less than a million units...
Thursday, May 16th, 2013
By Onche Odeh Prayer is mostly seen as a spiritual act of worship that connects humans to the ultimate being that model their lives. For the Christians, prayer could serve more than this as, Medical Doctor with the Department of Internal Medicine at Lagos State...
Thursday, May 16th, 2013
Nigeria Deposit Insurance Corporation (NDIC) has expressed readiness to grant financial assistance to deserving primary mortgage banks (PMBs) and microfinance banks (MFBs) as part of its efforts at repositioning the sub-sector for greater performance of the financial services system. NDIC, Managing Director, Alhaji Umaru Ibrahim,...
Thursday, May 16th, 2013
Resort Savings and Loan, a primary mortgage firm recentlt introduced COT-free account to ease charges on banking transactions and e-business department to make banking operations easier for its customers. Head Business development, Olayemi Popoola, said the bank has been bothered over the years by undue...
Thursday, May 16th, 2013
By Bamidele Ogunwusi/Lagos Ms Ama Pepple, Minister of Lands, Housing and Urban Development, says the Federal Government is yet to fashion a suitable mortgage finance system that will ensure improved access to housing in the country. http://dailyindependentnig.com/wp-content/uploads/2013/05/Ama-Pepple.pngSpeaking at a Mortgage Finance Roundtable organized recently in...
Thursday, May 9th, 2013
Although, the third Housing Exhibition and Conference, organised recently by ASO Savings and Loans Plc has come and gone, but issues raised at the event continues to dominate discussions on mortgage financing. Many believe, this will be so for a very long time to come....
Thursday, May 2nd, 2013
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the liquidation of seven out of the 25 primary mortgage banks (PMBs) recently closed by the CBN with payment of compensation to their depositors. NDIC Managing Director, Alhaji Umaru Ibrahim, said this in Abuja when directors and...
Thursday, April 25th, 2013
The wide affordability gap in housing delivery in Nigeria has been attributed to the near-absence of housing finance and high cost of funds in the country, leading to low home ownership level. Alternative funding models for affordable housing therefore, dominated discussions at the one-day regional...
Thursday, April 25th, 2013
Abbey Building Society Plc, one of Nigeria’s pioneer mortgage firms, has launched a new product to help low-income earners become homeowners. The new product, known as Abbey Home Account, the bank said, intended to simplify homeownership, pointing out that it is also aimed to enable...
Thursday, April 25th, 2013
Stories by Bamidele Ogunwusi Correspondent, Lagos The Bayelsa State Government has announced plans to help ensure Trans- Atlantic Mortgages Limited attains the new minimum capital base set by the Central Bank of Nigeria (CBN), as part of reforms in the nation’s primary mortgage institutions’...
Thursday, April 11th, 2013
Oyebisi Ilaka, is a non executive member of the Nigeria Deposit and Insurance Corporation (NDIC) board. In this interview with our correspondent, Bamidele Ogunwusi, he speaks on the activities of the corporation and the way forward for the mortgage sector. Excerpts. You have been on...
Thursday, April 4th, 2013
The Central Bank of Nigeria (CBN) has once again extended the recapitalisation deadline for Primary Mortgage Institutions (PMIs) by eight months from April 30, to December 2013. Industry experts believe that the sector may not really witness any significant change between now and the new...
Thursday, April 4th, 2013
In a move that will further prune down the number of primary mortgage institutions (PMIs), the Nigeria Deposit Insurance Corporation, NDIC, has announced plans to some liquidate primary mortgage institutions and in the country. Chairman of the NDIC, Amb Hassan Adamu, disclosed this recently when...
Thursday, March 28th, 2013
A mortgage expert, Ejike Irozuru, has called on the Federal Government to take the issue of mortgage financing very seriously, if the country is to swim out of its huge housing deficit which has been variously put at between 16 and 17 million units. Irozuru,...
