Category Archives: Housing Finance

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

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

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