Category Archives: Housing Finance

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

Kaduna, Sterling Bank seal N5b mortgage deal

Towards providing mortgages at single-digit interest rate, the Kaduna State Government has launched a N5billion fund with Sterling Bank to facilitate home ownership. Under the scheme, the parties would each contribute 50per cent of the mortgage fund, which is billed to reach N5 billion for

Inflation Rate Seen Heading Towards Single-digit

Inflation rate in the country has been projected to drop further in April, thereby inching towards a single-digit rate. Analysts at FSDH Merchant Bank Limited stated this in a report. They anticipated that inflation rate (year-on-year) would drop to 12.43 per cent in April 2018,

Apex mortgage bank targets 50 million new subscribers

Amid cconcerns that some contributors to the National Housing Fund (NHF) have not been able to access loans, the Federal Mortgage Bank of Nigeria (FMBN) has assured Nigerians that the amendment of the enabling legislations in the scheme would make it more robust and beneficial.

Diversification through mortgage for economic growth

There appears to be a slow down on the discourse on diversification through which the federal government seeks to refocus the economy towards non-oil sectors such as agriculture and manufacturing which are noted by the government as major growth areas with low hanging fruits. Get

FMBN Tasks Morgage Banks On Interest Rate Harmonisation

The managing director/chief executive of Federal Mortgage Bank of Nigeria (FMBN), Arc. Ahmed Musa Dangiwa has called on Primary Mortgage Banks (PMBs) to harmonise their interest rates in order to conform to the laid down uniform underwriting standards. He also enjoined PMBs to spread their

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