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NHF: Another boost to housing finance

By Bamidele Ogunwusi Correspondent   In a move seen as a way of  reducing the housing deficit in the country, which has been put at about 16 million units and…

Stakeholders kick as CBN rue further extension of PMIs recapitalisation

The nation’s mortgage sector will experience another waiting period, following indications that the recapitalisation exercise being supervised by the the Central Bank of Nigeria (CBN), will further be extended for…

Wall Street gains on data, easing of Ukraine tensions

U.S. stocks rose on Wednesday as geopolitical tensions over Ukraine appeared to ease and the latest U.S. economic data pointed to improving conditions. Gains were broad, with nine of the…

Candy Crush owner King Digital’s shares fall on debut

Shares in King Digital, the games developer behind Candy Crush Saga, have fallen as much as 15% on their debut at the New York Stock Exchange. The shares were trading…

Candy Crush owner King Digital’s shares fall on debut

Shares in King Digital, the games developer behind Candy Crush Saga, have fallen as much as 15% on their debut at the New York Stock Exchange. The shares were trading…

FMBN partners firm for improved Police housing

By Hassan Zaggi /  Abuja Over the years, the Nigeria Police Force has suffered greatly due to lack of proper and descent accommodation for its rank and file, as is visibly…

Experts applaud FMBN, seek better funding for sector

Experts applaud FMBN, seek better funding for sector

By Bamidele Ogunwusi Correspondent, Lagos   The Gimba Ya’u Kumo led leadership of the Federal Mortgage Bank has once again received acclaims from stakeholders in the nation’s mortgage sector as…

Stakeholders lament delay in NMRC takeoff

Stakeholders lament delay in NMRC takeoff

By Bamidele Ogunwusi Correspondent, Lagos When the Nigerian Mortgage Refinance Company (NMRC) was launched by President Goodluck Jonathan on January 16, 2014, he said it is expected to boost mortgage…

FMBN targets 4000 housing units in 2014

By Bamidele Ogunwusi Correspondent, Lagos Managing Director, Federal Mortgage Bank of Nigeria (FMBN), Gimba Ya’ u Kumo, says the bank is ready to deliver 4000 units of housing at the…

Mortgage banks and shares listing option

Everywhere in the world, the stock market has remained the most veritable avenue for businesses to access funds for present or future expansion by opening up ownership of the company…

Skyfield transforms to Brent Mortgage Bank

Skyfield Savings and Loans Limited, a primary mortgage institution that scaled the Central Bank of Nigeria (CBN) recapitalisation hurdle has changed its identity to Brent Mortgage Bank Limited. The management…

NLC kicks against NMRC, insists on FMBN

By Bamidele Ogunwusi / Lagos The Nigeria Labour Congress (NLC) has kicked against the planned establishment of the Nigerian Mortgage Refinance Company Nigeria, and indeed its inauguration by President Goodluck Jonathan.…

Experts blame high equity contribution for low access to mortgages

Experts in the nation’s mortgage sector have observed that despite efforts by public and private sector operators to increase access to housing loans, only a few applicants succeed, a situation…

Between NMRC, FMBN and affordable mortgage finance

Over the years, it has been observed that the dream to own affordable house for low to middle-income earners in Nigeria will continue to be a dream unless something drastic…

National Housing Fund hits N134b

Latest data by the Federal Mortgage Bank of Nigeria (FMBN) puts current total collections into the National Housing Fund (NHF), to provide mortgage loans for home ownership in the country,…

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