Category Archives: Housing Finance

MBAN Prepared to Drive My Own Home Scheme, Says Akinlusi

Maureen Ihua-Maduenyi Stakeholders in the mortgage sub-sector have revealed plans to simplify mortgage transactions for aspiring homeowners in the country. One of the steps, according to them, is the inauguration last year of the ‘My Own Home’ scheme, a Public-Private Partnership created to increase access

Nigerian govt inaugurates task force to facilitate family home fund

The Economic Management Team of the Federal Government has set up a Family Homes Fund’s Task Force to facilitate the implementation and delivery of the Family Homes Housing Project nationwide. The Chairman and Minister of State II for Power, Works and Housing, Suleiman Hassan made

Tracking the National Housing Fund

IN its determination to make ‘housing for all’ a reality, the Federal Government established the Federal Mortgage Bank of Nigeria (FMBN) in 1956. It was formerly known as the Nigerian Building Society (NBS). The Federal Government, by the Indigenisation Act [1973], acquired the NBS and

Bitcoin is booming in Miami. But can you buy a house with it?

They gathered in downtown Miami — an estimated 4,350 Bitcoin believers — to trade pitches for apps and start-ups. They discussed and debated trends in cryptocurrency. They speculated about the volatility of Bitcoin, which shot up in value from $900 to $19,000 over the course

Informal sector as critical growth factor

Like the Biblical rejected stone, the informal sector of the Nigerian economy has become the head of the corner for economic growth. This is a sector that, before now, was not reckoned with as a growth index. But all in a jiffy, both the housing

MBAN, operators plan non-interest mortgages, lobby for intervention fund

Gearing up for a veritable funding source for the sub-sector, mortgage operators have moved to explore the suitability, applicability and the possibility of adopting the non-interest mortgages to unlock the potentials of the Sukuk model. The operators, under the aegis of the Mortgage Banking Association

Realtors, expert urge FG to create infrastructure fund

After an initial effort by Buhari administration that eventually turned out to be a ‘false start’, a fresh call has been made for the creation of an infrastructure fund, which will lead to significant private sector investments and economic growth. Figures obtained show that Nigeria

23,000 civil servants jostle for government’s staff housing scheme

No fewer than 23,000 applications have been received from civil servants and being processed through the Federal housing Loans Board under the Federal Integrated Staff Housing Scheme (FISH). Similarly, more than 20 developers have been selected and their 1,500 housing units of two, three and

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