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Union Homes investors kick against take over by ASO Savings

Union Homes investors kick against take over by ASO Savings

Aggrieved investors of the moribund Union Homes, a mortgage subsidiary of Union Bank Nigeria, who put their life savings in firm, have raised the alarm that their savings in the…

MBAN President identifies mortgage sector challenges

MBAN President identifies mortgage sector challenges

By Bamidele Ogunwusi -  Lagos President of the Mortgage Bankers Association of Nigeria (MBAN), Mr Femi Johnson, has identified liquidity and interest rates as two of the most germane problems facing…

CBN bars mortgage banks from leasing

CBN bars mortgage banks from leasing

The Central Bank of Nigeria(CBN) has spelt out operating modalities for microfinance banks (MfBs), primary mortgage institutions (PMIs) and finance companies. In a statement, the CBN said PMBs shall maintain…

NDIC to offer assistance to mortgage banks, others

NDIC to offer assistance to mortgage banks, others

Nigeria Deposit Insurance Corporation (NDIC) has expressed its readiness to grant financial assistance to deserving primary mortgage banks (PMBs) and microfinance banks (MFBs) as part of its efforts at repositioning…

Confusion in mortgage sector as experts seek CBN action

Confusion in mortgage sector as experts seek CBN action

Since January 2014, the nation’s mortgage sector has been thrown into a state of anxiety, with operators of mortgage banks unsure of whether they are still in business or not.…

NHF: A scheme and its herculean task

NHF: A scheme and its herculean task

By Bamidele Ogunwusi  -  Lagos The National Housing fund (NHF) is a scheme introduced by the Federal Government, to which all of Nigeria’s public servants and employees in the organised private…

Smile’s 4G services to boost telemedicine in Nigeria

By Onche Odeh  Smile Communications has said its 4G Long Term Evolution (LTE)broadband Internet Service that was recently launched in Nigeria would be deployed across hospitals and other health institutions.…

NHF: A scheme and its herculean task

By Bamidele Ogunwusi – Lagos The National Housing fund (NHF) is a scheme introduced by the Federal Government, to which all of Nigeria’s public servants and employees in the organised private…

Stakeholders seek robust mortgage finance in housing delivery

Stakeholders seek robust mortgage finance in housing delivery

By Bamidele Ogunwusi - Lagos The World Bank estimates that N59.5 trillion is required to address Nigeria’s 17 million housing deficit. The Federal Mortgage Bank of Nigeria (FMBN), however believes the…

GTHomes transforms to Imperial Mortgage Bank

In line with its desires to provide its customers with best internationally benchmarked services in mortgage banking, GTHomes Limited has adopted a new corporate identity as it transformed to Imperial…

Experts worry over delay in naming recapitalised successful mortgage banks

Experts worry over delay in naming recapitalised successful mortgage banks

By Bamidele Ogunwusi -  Lagos Months after the expiration of the last deadline, stakeholders are worried about the delay by the Central Bank of Nigeria (CBN) in publishing the names of…

30 emerge home owners in maiden Lagos HOMS draw

30 emerge home owners in maiden Lagos HOMS draw

By Dada Jackson -  Lagos Governor Babatunde Fashola has restated his administration’s commitment to providing decent and affordable houses for Lagosians. He stated this on Monday, during the maiden draw of…

APBN seeks N200b recapitalisation of FMBN

Housing developers in Nigeria will have access to enough funds to address the problem of inadequate housing in the country, if the Federal Mortgage Bank of Nigeria (FMBN) can amass…

ASO plans nationwide expansion

Having successfully scaled the hurdle of recapitalisation, ASO Savings and Loans Plc, has unveiled plans to expand its operations to all states of the federation. The company’s Managing Director, Hassan…

Stakeholders slam fresh extension of PMI recapitalisation deadline

The news that the Central Bank of Nigeria (CBN), has concluded plans to further extend the deadline for recapitalisation of operators in the mortgage sector may not be going down…

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