Category Archives: Housing Finance

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

FG, ‎estate developers brainstorm on affordable housing

Fred Itua and Okwe Obi, Abuja The Federal Government and Real Estates Developers of Nigeria (REDAN), on Tuesday, in Abuja, brainstormed on how to develop affordable houses for Nigerians. Get your daily housing news on your mobile phone : Download from goggle playstore Now Declaring

Lagos Govt reduces Land Use Charge

•No more penalty for late payment •Payment can be made by installments The Lagos State Government has announced the reduction in the Land Use Charge. READ:ABUJA INTERNATIONAL HOUSING SHOW – THE LARGEST HOUSING AND CONSTRUCTION EXPO IN WEST AFRICA Reports say the reduction was part

FMBN explain reasons for unoccupied houses in 10 states

THE Managing Director of Federal Mortgage Bank (FMBN), Arc. Ahmed Musa Dangiwa, on Wednesday, said the issue of affordability is the major reason why estates built by the FMBN in 10 states remained unoccupied. Dangiwa, who expressed worry over the development said, despite efforts to

Imperial Homes Mortgage Bank to empower Nigerians

Imperial Homes mortgage Bank has assured Nigerians of its commitment to providing easy and affordable mortgage solutions to address and help reduce the housing deficit in Nigeria. The bank expressed this commitment through a statement released from its corporate headquarters in Lagos. Get your daily

Regulating the Mortgage Industry in Nigeria

It is no longer news that Nigeria has a huge housing deficit, which experts have put at above 17 million units that would require an annual investment of billions of naira for the next 10 years to bridge. Yet there is no coherent housing policy

Economic policies and human development

Nigeria’s economy had for over three decades now been presided over by the brightest economists from all over the world, from the top echelon of the World Bank, ADB/ADF, the Academic Community and other economic pundits. Yet, The Human Development Index (HDI) of Nigerians which

Trapped funds: Union Homes’ depositors petition Reps

Maureen Ihua-Maduenyi Depositors of the defunct Union Homes Savings and Loans have petitioned the House of Representatives seeking help for the refund of their trapped funds in the mortgage bank. In the petition dated February 8, 2018, the depositors said they had neither heard from

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