Category Archives: Mortgage

New mortgage law to push interest rates below 20% – Atta Akyea

Government has announced a new mortgage regime which will enable more people take up mortgage facilities with interest rate below 20 percent.

According to Works and Housing Minister, Samuel Atta-Akyea government is currently drafting a Legislative Instrument to allow it …

Why most banks aren’t giving mortgage – Ubosi


High cost of money, nature of funds and short tenor of finance have been adduced, among reasons, why most commercial banks are not granting mortgage finance to enhance housing development and homeownership in Nigerian.
President, African Region of International …

Need for active insurance industry in mortgage economy


Like action and reaction, insurance and mortgage are equal and opposite and this is why, in advanced economies of the world, an active insurance industry is highly needed for the mortgage economy. While mortgage lending is a risk, insurance,

Using mortgage finance to tackle housing deficit


The housing sector is one of the indices for measuring the standard of living of people across societies.

It also plays a more critical role in a country’s welfare than is always recognised, as it directly affects not only …

FHA targets low income earners in new N27bn housing scheme


The Federal Housing Authority (FHA), Nigeria’s housing development agency, is targeting low income earners in the Federal Capital Territory (FCT) Abuja in its new housing project valued at N27 billion.

On completion, the scheme will deliver 1,650 housing units …

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