Category Archives: Featured

Presidential panel to recover N87bn bad debts for FMBN

The Special Presidential Investigation Panel for the Recovery of Public Property has disclosed plans to recover N87 billion bad debts owed the Federal Mortgage Bank of Nigeria (FMBN) by developers.

The panel, in a statement on Wednesday, said its Chairman, …

Housing women, housing our future

As part of the 12th Abuja International Housing Show, the Women in Housing Sector initiative (WISHI) was launched. The initiative is to serve as a platform both for mentorship and networking for professional women in real estate, and for home …

In need of the visible hands: affordable housing market

Not all statistics are worth losing sleep over. Some are just for the informational content. The home ownership rate is one such: it is a measure of the proportion of people who live in their own houses. It indicates the …

Housing: Stakeholders push for new law

The Attorney-General of the Federation (AGF) Minister of Justice, Abubakar Malami (SAN), has said over N60 trillion is required to address the country’s 17 million housing deficit.

Malami disclosed this in his keynote address at the just-concluded workshop on the …

NMRC beats economic headwinds, grows PBT 58.3%

The Nigerian Mortgage Refinance Company (NMRC) has demonstrated resilience in Nigeria’s weak economic and business environment with an impressive and profitable outing in its financial year ended December 31, 2017.

Besides a 31.4 percent rise in net interest income to …

Nubi Tasks FG On Mass Production Of Affordable Housing

Director, University of Lagos Centre for Housing Studies, Prof Olugbenga Timothy Nubi has called on federal government to crash the cost of construction through mass production of affordable housing.

He said that until government commences mass production of houses, that

$25m World Bank loan to boost home ownership in Nigeria

Nigerian government has obtained a $25 million loan from the World Bank in order to orchestrate its plan of starting up a loan guarantee programme come 2019, with the hope of lending to low-income earners to boost home ownership.

According …

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