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Mortgage finance: Creating access to informal sector

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…

FG hails private partnership in housing finance, delivery

FG hails private partnership in housing finance, delivery

The Federal Government has once again hailed the private sector initiative in mortgage finance in the country, which has resulted into delivery of housing units across the country just like…

PMB, subscribers tango over Lagos estate

PMB, subscribers tango over Lagos estate

With Imperial Homes having allegedly been conferred with the ownership of Safe Court Estate, a residential estate located within a fast-growing city, Ikate- Elegushi neighbourhood in Eti-Osa Local Government Area…

Firm partners FMBN, others to build 1,000 houses

Firm partners FMBN, others to build 1,000 houses

By Bamidele Ogunwusi /Correspondent, Lagos   There seems to be a renewal of hope in housing delivery in the country as more private sector participants are joining the government in…

Stakeholders identify mortgage drawbacks, proffer solution

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…

Rebased GDP: Challenges of mortgage sector

Rebased GDP: Challenges of mortgage sector

One of the major highlights of the recent rebasing of the Nigerian Gross Domestic Product (GDP), now valued at $510, was the revelation of the performance of the various sectors…

NMRC will soon start impacting mortgage market – Expert

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…

NMRC will soon start impacting mortgage market – Expert

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…

Stakeholders identify mortgage drawbacks, proffer solution

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…

SMEDAN to partner Globacom on e-commerce platform for MSMEs

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…

Tackling confidence question in mortgage sector

Tackling confidence question in mortgage sector

There is no doubt that the nation’s mortgage sector has gone through phases. The sector in the last three decades has also experienced the good, the bad and the ugly. …

Mortgage banks partner developers on affordable housing

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…

NMRC targets new payroll system for mortgage refinancing

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…

Ogun revives Gateway Savings

Ogun revives Gateway Savings

While some state governments have found it difficult to keep their mortgage firms in business, the Ogun State Government has recapitalised  Gateway Savings and Loans, a primary mortgage bank jointly…

NDIC sets corporate governance, risk management agendas for banks

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…

Group says Nigeria needs effective mortgage system

Group says Nigeria needs effective mortgage system

In view of the reality where Nigeria lacks creation of mortgages that will assist desirous Nigerians to own their own houses effortlessly, the Financial Derivatives Council has warned that Nigeria…

FMBN, NMRC will operate without rancor – Kumo

FMBN, NMRC will operate without rancor – Kumo

Gimba Ya’u Kumo is the Managing Director of the Federal Mortgage Bank of Nigeria (FMBN). He  spoke recently to journalists, including our Correspondent, Bamidele Ogunwusi, on the Banks’ potentials to…

Mortgage loans: NMRC advocates full implementation of IPPIS

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…

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

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…

With NMRC, mortgage sector will witness robust players – Ogriki

With NMRC, mortgage sector will witness  robust players – Ogriki

Preye Ogriki, a former Finance Commissioner in Bayelsa State, is the Managing Director of Trans Atlantic Mortgages, a Bayelsa State-owned primary mortgage institution. In this interview with our Correspondent, Bamidele…

SMEDAN, UNDP train women coop, target CBN’s N220b fund

SMEDAN, UNDP train women coop, target CBN’s N220b fund

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and United Nations Development Programme (UNDP) have concluded the second phase of their economic empowerment programme for women-owned Cooperative Societies…

FG to establish more DFIs to boost MSMEs financing

FG to establish more DFIs to boost MSMEs financing

By Phillip Oladunjoye  - Senior Correspondent   President Goodluck Jonathan has said that the Federal Government would establish more Development Finance Institutions (DFI) that will provide long term funds for industrial…

Stakeholders urged to formulate policy for employment, wealth creation

Stakeholders urged to formulate policy for employment, wealth creation

The Permanent Secretary of the Federal Ministry of Industry, Trade and Investment, Abdulkadir Musa, has urged policy formulators and practitioners to critically examine industry, trade and investment sector so as…

NIPOST to create 3,000 new jobs

NIPOST to create 3,000 new jobs

The Post Master General of the Federation, Mallam Ibrahim Mori Baba, has said that the Nigeria Postal Services (NIPOST) is poised to generate about 3,000 new jobs for Nigerian graduates…

We see robust mortgage sector coming – Experts

We see robust mortgage sector coming – Experts

Stakeholders and experts in the nation’s mortgage sector have signified their readiness to work with the nation’s mortgage refinance company, Nigeria Mortgage Refinancing Company (NMRC), just as they claimed that…

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