Category Archives: Housing Finance

Cosgrove: Bridging Gap in Pan-African Housing Deficit

Cosgrove Investment Limited, a real estate development and general construction company, is fast changing the narrative and bridging the gap in the pan-African housing deficit. The firm is also unlocking value for all for stakeholders. And in the next five years it hopes to be

Incremental Steps to Cut The Housing Deficit

Housing supply is grossly inadequate in Nigeria, which is evident from the national deficit of 17 million units. Housing finance remains in its infancy: its mortgage/GDP ratio of 0.5% compares with South Africa’s 30%. Instinctively, and because of the social and developmental role of housing,

Why mortgage business risks need to be insured

Like many other business enterprises, mortgage is also risky venture and the need to insure the risks associated with transactions is as important as the business itself. Get your daily housing news on your mobile phone : Download from goggle playstore Now Apart from the

Aregbesola lauds Omoluabi Mortgage Bank’s prowess

Osun State Governor, Ogbeni Rauf Aregbesola has lauded the managerial prowess of the Board and Management of Omoluabi Mortgage Bank Plc., for recording astronomical growth across all lines in the 2017 financial year. The governor described the performance in the year under review as heroic,

Housing : Our destination in the next decade — Joseph Ogeh

Commissioner for Housing, Delta State, Architect Joseph Ogeh, has revealed the go-getting programmes of Governor Ifeanyi Okowa in multiple joint ventures with African Development Bank, ADB, Sovereign Wealth Fund, National Housing Fund, NHF and cement manufacturer, Lafarge Cement Company to turn civil servants in the

Imperative of informal sector for mortgage industry growth

At a time in Nigeria when the economic growth depends largely on private enterprise, the place of the informal sector in the economy can hardly be over-emphasised. This is why, like the rejected stone, the informal sector as a component of the economy has become

Dangote plans N30 billion institute for local artisans

Irked by the dearth of artisans in the construction sector, the Dangote Group is to spend about N30billion in the next five years in training 500,000 artisans in the construction industry. The move according to the Chief Executive Officer of Dangote Group, Alhaji Aliko Dangote,

Power, works, housing get lion share in 2018 budget

• National Assembly approves N9.120 trillion • Nigerians in mixed reactions over delay, allocations • Buhari yet to get petroleum bill, says presidency The two chambers of the National Assembly, yesterday, passed the 2018 budget totaling N9.120, 334,988,225.The budget is over N500 billion higher than

NHF: FMBN RETURNS N19.3BN TO RETIREES

The Federal Mortgage Bank of Nigeria says a total of N19.3bn has been returned to 201,534 beneficiaries who have retired and consequently exited the National Housing Fund scheme. Under the scheme managed by the FMBN, a repayment is made to a contributor who has attained

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