The House of Representatives Ad-hoc committee investigating non-remittance to the National Housing Fund (NHF) and utilization of the funds from 2011 has summoned the Chief Executive Officers (CEOs) of the affected 54 insurance companies to make clarification over the alleged non-remittance of N267 billion into the funds, particularly for fiscal 2019 year, The Chairman of […]
The Managing Director of Federal Mortgage Bank of Nigeria (FMBN) Mr. Hamman Madu, has commended Nigerians in diaspora over foreign currencies remittances to the country, saying the monies have continued to help in boosting the nation’s economy over the years. The mortgage banker gave the commendation at the opening session of the 3-Day 5th Nigeria […]
The Federal Government on Thursday approved new equity requirements for Nigerians who wish to buy houses below N5 million and above using mortgage loans from the Federal Mortgage Bank of Nigeria (FMBN). By the latest requirement, applicants for mortgage loans below N5 million will no longer have to provide any equity deposit to the FMBN. […]
The World Bank and the Central Bank of Nigeria (CBN) have indicated their readiness to collaborate on some steps aimed at reviewing the nation’s existing Land Use Act to create enabling environment for the nation’s housing sector’s growth. As a step towards achieving this goal, the World Bank has extended a $300 million lifeline credit […]
The Federal Government has unveiled plans to inject additional N500 billion into Federal Mortgage Bank of Nigeria (FMBN) over the next five years in order to improve mortgage financing and housing in the country. The bank’s Chief Executive Officer (FMBN), Ahmed Musa Dangiwa, gave this hint during an interview with Bloomberg in Abuja. According to […]